Stocks in Play for Oct 21: KO, MPEL, NVDA

NVIDIA Corporation (NVDA) price action has remained under its daily 20-day moving average for some time, however, there are many positive divergences on RSI and Stochastic oscillators, which suggest a possible price reversal at these price levels. A break above $11.50 on a close basis would be bullish. Let’s keep an eye on it.

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The Coca-Cola Company (KO) hit a new 52-week high today, trading as high as $61.68, before settling at a close of $61.65. I’ll be watching the stock on Thursday, looking for a follow through move. Resistance reflects today’s high of $61.68. Keep an eye on KO because there is good upside in this stock.

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Melco Crown Entertainment Ltd (MPEL) has been in an uptrend since mid August. The stock has pulled back to its 20-day moving average, and looks to be setting up for another upside move. Resistance is $5.84, which was Thursday’s high. If the stock can break through resistance, we should see an increase in volume as traders like to watch this stock. Hold your current position with a stop at $5.39.

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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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