Strong Stocks in a Weak Market: AAPL, DRYS, EK, URRE

Eastman Kodak Company (NYSE:EK), closed back over the 20MA and the volume was good. It looks like an upside breakout is imminent as the stock completely turned around from Friday’s negative price action. The immediate support level is now adjusted to $4.75 followed by $4.63 and the resistance continues to be located at $4.96 followed by $5.07. The technical indicators such as KD and MACD also show buy signal as %K line has just crossed on top over %D line and MACD is on top over signal line. The short-term trend is positive as the stock is trading upwards along with both 20 day and 50 day moving averages.

(click to enlarge)

Apple Inc. (NASDAQ:AAPL), continued trading above the major moving averages. The technical indicators still indicate a bullish on this counter. The support level is located at $302.66 and the resistance is still at $321.30.

(click to enlarge)

DryShips Inc. (NASDAQ:DRYS) showed some nice strength today despite the market was down. The stock closed above the major moving average levels again with heavy volume. At this level, we should see the stock might retest the resistance located at $5.69 followed by $5.79. The support level is adjusted to $5.04.

(click to enlarge)

Uranium Resources, Inc. (NASDAQ:URRE) shares closed the day gaining more than 10% to a new 52-week high. URRE has been on one of the most amazing runs of this most recent bull market. Looking at the daily chart the investor sentiment in URRE stock showed by RSI continues strong and MACD still going up. Stock still trading in a strong Bull Market with share price above 20 MA, 50 MA and 200 MA. Following this technical chart it’s predictable that tomorrow URRE will reach new highs again.

(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 325 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.