Stocks in Play for September 14 (CIEN, INTC, MOT, THQI)

Motorola, Inc. (MOT) broke out from the horizontal resistance on expanding volume. This momentum could push this stock much higher from here. Next resistance is now seen at $8.62.

(click to enlarge)

Ciena Corporation (CIEN) has a Bullish looking stock chart, price broke out from the horizontal resistance mark around $14.44 share today on good volume. The uptrend continuation scenario is slightly more likely at the moment. Shareholders may remain invested with a stop-loss at $13.82.

(click to enlarge)

Intel Corporation (INTC) has been beaten down since July, but at this moment it seems pretty clear that buyers have been waiting in the 17.7-18.12 range. It looks like it is starting to turn back up and indicators are giving the first bullish signs. The stock has the following important levels. Resistance at $18.97 and support at $17.67.

(click to enlarge)

THQ Inc. (THQI) crossed its 20-day moving average and closed up $.25 at $3.73. The momentum indicators are attempting to turn up from oversold levels. The technical chart below shows new rally has just begun as %K line has just crossed on top over %D line. The stock needs to close above $3.98 on a daily basis in order to mitigate the negative near term view. Over the past month, company insiders have purchased shares. The stock has huge upside potential if buyers jump in, so watch the stock closely the next few trading days.

(click to enlarge)

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.

Visit: AC Investor Blog

Be the first to comment

Leave a Reply

Your email address will not be published.