Stocks in Play: AAPL, AMZN, DNN, GIGM, PTEN

GigaMedia Limited (GIGM) – The technical daily chart displays a downtrend line broken to the upside on heavy volume. MACD signal line has crossed to the upside as well. The trend is beginning to shift towards bullish, a possible long entry can be taken if $2.04 provides support. From here we can expect a run to the $2.25 area and from there we could see an explosive upsurge to $2.74 and better. Stay tuned.

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Shares of Apple Inc. (AAPL) closed the day gaining more than 4% to a new historic mark for stock at $314.74, near the highs of the day at $315. The stock has been on one of the most amazing runs of this most recent bull market. Looking at the daily chart the investor sentiment in AAPL stock showed by RSI continues strong and MACD still going up. The stock still trading in a strong Bull Market with share price above 20 dma, 50 dma and 200-daily moving average. Following this technical chart it’s predictable that next week AAPL will reach new highs again.

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Denison Mines Corp. (DNN) shares may be in a consolidation phase following a nice trend. Looks like it will move up again. Keep an eye for a possible breakout over $2.05.

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You probably can not believe but Patterson-UTI Energy (PTEN) closed GREEN again, reaching also during the regular trading session a new 52 week high at $19.67. Stock have reached overbought conditions, so at these levels we should have some cautions.

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Shares of, Inc. (AMZN) were up nearly 6% or $9.11 to $164.64, reaching during the session a new 52 week high at $164.88. The daily chart show a continuation of the trend with MACD and RSI in the Bullish areas. The stock is in a strong bull market with both 50-day and 200-day moving average going up, however in overbought conditions.

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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 325 Articles

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

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