Trade Ideas for Jan. 12: AONE, INTC, JPM, RRGB

JPMorgan Chase & Co. (NYSE:JPM) didn’t make significant technical move today. On the technical daily chart below we can see price still moves inside an uptrend channel from late November. On the upside, $45.02 remains the nearest upside target especially if price able to move consistently above $43 area. All Technical indicators are pointing to the upside. The MACD is positive and above the signal line. RSI is moving up and above its 50% level. In addition its 50 day moving average has crossed on top of 200 day moving average this month forming the Golden Cross, which is a strong indicator of a bullish market. JPMorgan Chase & Co. looks very bullish on charts.

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Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) – Company insiders are buying the stock. This activity is a always a good sign. I’m expecting a breakout above resistance level and a run into the high 26s if not 29.

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A123 Systems, Inc. (NASDAQ:AONE) broke out above the major trendline resistance on heavy volume, I like the idea of getting long here with a stop below the 200 day.

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Intel Corporation (NASDAQ:INTC) – Looking at the technical chart below we can see that the minor bearish channel has been violated to the upside indicating potential bullish correction momentum targeting $22 area.

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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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