Stocks in Play for August 27 (ERTS, INTC, PPO)

Polypore International (PPO) – Looking at the technical daily chart there is a possibility of a drop to 25-25.55. This view would be valid if the stock fails to move past the resistance zone at $29.40. A close above this level would have positive implications and propel the stock into the next leg of the bullish trend. I continue to be bullish on the company. Remain invested with a stop-loss at $26.75.

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The near-term trend is bearish and Electronic Arts (ERTS) faces a strong resistance at $15.63 ( 50-dma ). A close above this level is a pre-requisite for the reversal of the bearish trend. Technically, the daily chart shows a possible new rally as K line has crossed on top over D line again while ROC is still at oversold level. However, it is better to wait and see if the stock can break above its 50-day moving average.

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Intel (INTC) is off over 25% from its April high and recently posted some unbelievable financial numbers. Looking at the technical chart the stochastics are deeply oversold here, suggesting a bounce higher could be coming in the near-term. Honestly, I think most traders are asleep, but as soon as they wake-up, Intel could bounce BIG! Keep INTC in your radar.

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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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