Stock Picks for Dec. 29: AFFY, AONE, RMBS, SIRI

Sirius XM Radio Inc. (NASDAQ:SIRI) is looking bullish on charts. The stock is currently trading above its major moving averages and MACD is positive and above the signal line. Other technical indicators are also supporting the bulls. As long as the stock can remain above $1.42, I like the stock. Resistance remains at $1.69 and I would be a buyer on a break above that level.

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The stock has several bullish indicators that have being slowly confirmed. Affymax (NASDAQ:AFFY) is currently trading above its 50-day MA of $5.89 and is sitting on a good support ( 20-dma) waiting for the bulls to get the lead. RSI is above its 50% level and MACD shows the positive divergence. Money Flow Index is also moving up. The stock has a 52-week range of $4.90-$26.20. The technical chart is simply telling me that this is a nice healthy pullback after a big run. The trend should resume back up in the very near future. Worth putting on the watchlist.

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Rambus Inc. (NASDAQ:RMBS) is slowly recovering. The $20.05-20.10 area is a critical resistance region that can determine overall bias for the stock in short-term. Bulls are now attacking the 50-day moving average, a break above could trigger a rally towards 20.64 resistance and determine overall bias. Keep an eye on these levels !

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I told you yesterday about A123 Systems, Inc. (NASDAQ:AONE) and today the stock hit a high of $9.94 breaking the downtrend line from August of this year and closing above the 200 day moving average. The next key resistance levels are now located at $10.40 and $11.12.

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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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