Stocks in Play for Nov 5: BAC, IO, PLUG, VSH

I hope everyone has looked Plug Power Inc. (PLUG), because the stock has been on a slight upward climb and the last three trading sessions have displayed the upside potential. As I mentioned earlier, the stock has started to see some activity after a long period of hibernation. Today, the stock opened at $.51 then moved to a high of $.57 and closed at $.545. I believe that PLUG could have even more volume during tomorrow’s market. If I’m correct than today’s market on PLUG suggests that it could go in one direction, UPWARDS. From a technical standpoint, the stock has more room to run in the coming days. The stock is now above 50 day and 200 day moving averages and if the upward trend can continue for another month and 50-day moving average can cross on top over 200-day moving average than the stock will be ready for a big rally. Keep a close watch on PLUG as it appears to have developed a solid base, leaving an explosive move to the upside a likely scenario. Stay tuned !!

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Bank of America Corporation (BAC) was very strong today on good volume. The stock has more room to run, so I’ll be watching it on Friday and will be buying once it breaks today’s high of $12.24. There is a good chance the stock will gap up. Based on the 52 week technical daily chart, the KD indicator is now going up showing a positive swing. Although MACD is still below 0 it also has been climbing upwards.

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Vishay Intertechnology (VSH) had a huge day, as it closed up $1.16 on 10x normal daily volume. Technically the stock is extremely overbought so watch for some selling pressure. This will be an interesting trade for Friday, if the stock can break through today’s high.

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ION Geophysical Corporation (IO) – From the technical chart below it looks like the slide has ended and the stock is now back on the rise again. Fresh buying may be considered on a move past $6.35, with a stop-loss at $5.35. At the moment, there is no reason to sell the stock.

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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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