Stocks in Play for August 12 (JDSU, MOT, THQI, UAUA)

JDS Uniphase (JDSU) – The stock might face a period of sideways action while it consolidates the gains booked in the last sessions. JDSU will face short to medium term resistance at $11.58. Once this level is crossed with good volumes, the stock can go to $12.90.

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Motorola (MOT) is simply telling me that this is a nice healthy pullback after a big run. The trend should resume back up in the very near future. The technical chart is also showing declining volume but stock has a Bullish outlook. I could be wrong, but I did not find a reason for the drop in shares as it did. It was likely a consequence of the negative market environment.

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UAL Corporation (UAUA) broke down below its 50-day moving average (DMA) for the first time since June. From the technical chart, both MACD and KD show bearish sign. I do not recommend a position at the moment, because the stock could fall up to $20.

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THQ Inc. (THQI) – Looking at the technical chart we can see the stock is in a bearish phase and I have to say that the recent downtrend does not appear be complete. The stock dropped to a new 52-week low in final trading Wednesday. Shares ended the day down $0.21, or 5.16 percent, to close at $3.86 on heavy trading. The technical indicators remained bearish at Wednesday’s close. MACD made a negative crossover and the histograms are moving down into negative territory. In the short term, I see no reason to buy the stock. Only a close above $4.22 would impart positive momentum.

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Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don’t consider buying or selling any stock without conducting your own due diligence.

About Antonio Costa 324 Articles

Antonio Costa is a 35 year old part-time trader who trade stocks in the US market.

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