Stocks in Play for August 17 (CTIC, INTC, MOT, RIMM)

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Shares of Intel rose 32 cents, or 1.67%, in Monday’s session, closing at $19.47. The technical daily chart shows the stock bounced back as ROC indicator was at oversold level. In adidition, the stochastics is showing a bottom and rebound is likely going to happen. I will continue to watch Intel (INTC) and will buy the stock when it breaks Monday’s high of $19.56.

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Research In Motion (RIMM) – Trendline support has been broken on the daily chart at $51.68 with the next target at $47.42. I would exit longs at this time. An aggressive trader may want to short RIMM here. Technically, the stock is in a bearish mode with MACD below signal line and the price below both 50 and 200-day moving averages.

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The stock was up on Monday and I am keeping it on the list for Tuesday. Motorola (MOT) has been strong, which leads me to believe that there are buyers and we could see another up move soon. I’m looking to buy the stock above Monday’s high of $7.86.

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Cell Therapeutics (CTIC) had a nice move on Monday with 4.45 million shares traded. The stock seems to want to bounce from lows but once again failed to close above its 50-day moving average at $.408. I am looking to buy CTIC above Monday’s high of $.415. The RSI and MACD indicators are still bearish, though it started to display the ease of selling pressure at this level. Watch this stock closely on Tuesday because it has the potential for a nice breakout.

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 325 Articles

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

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