Stocks in Play for Oct 13: ATML, CTDC, INTC, THQI

I mentioned THQ Inc. (THQI) before as a stock I was watching for an entry on. Today, the stock broke through its short term resistance level of $4.23 and looks ready to go higher. The stock was able to close positive in a weak market environment for the gaming sector, which is another reason to continue watching. The technical chart shows the stock is rising as %K line is on top over %D line showing buy signal. OBV is beginning to turn around which suggests the stock is no longer being sold off. All indicators are bullish and point to more upside. For now, expect a run up to next resistance area around $4.84. If the stock is able to cross it and sustain above it, then it might go to $5.04.

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Atmel Corporation (ATML) broke out to record highs. This breakout on normal volume did not convince me yet. At this point we may need to pull back and retest $8.25 to reset the overbought conditions and provide some room to develop a new trend up. Technically chart shows the stock is still in a very strong bull market with MACD on top of signal line and 50 -ay moving average on top of 200-day moving average. Stay tuned on it.

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Shares of China Technology Development Group Corp. (CTDC) soared 37.73% or 78 cents to $2.83 per share. The technical chart shows the stock is in a very strong bull market with stock trading above both 50-day and 200-day moving average. In addition, MACD breaking above signal line and %K line crossing on top over %D line all indicates strong buy signal.

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Intel Corporation (INTC) released better then expected numbers after Tuesday’s close, which should lead the technology sector higher on Wednesday. The short-term outlook for the stock is Bullish. At this point, optimum buy point is when price crosses the resistance line at $20. The short-term outlook for INTC is neutral to bullish ( all the trends in stock indicators are neutral or positive ).

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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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