Top Trade Ideas for Tomorrow: BIOD, EMC, INTC, ERTS

Intel Corporation (NASDAQ:INTC) climbs in after-hours after the company released better then expected numbers after Thursday’s close. The company reported fourth quarter net income of $3.4 billion, up 48% from the same period a year ago, with earnings of 59 cents a share. Intel said 2010 was by far its most profitable year with net income of $11.7 bn, record revenues and gross margins reaching a record 67.5% in the fourth quarter.“ 2010 was the best year in Intel’s history. We believe that 2011 will be even better,” said Paul Otellini, chief executive. Following the investors reaction in the extended trading,we should see a gap up tomorrow morning. It will be important an interesting also, see if stock will have legs to close above $22, because it has been a key resistance for Bulls.

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Shares of Biodel Inc (NASDAQ:BIOD) surged 27.55% to $2.50 per share on an analyst’s note expressing optimism about the company’s insulin product. The technical daily chart shows the buyers are back. The stock is back on top over 50 day moving average again and MACD is showing positive momentum, while KD line also show buy signal as %K line is on top of %D line. It could eventually move up even more to fill the previous gap.

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EMC Corporation (NYSE:EMC) broke out $23.87 to new 52 week high with a huge volume above daily average. In addition chart is showing a very bullish sign with 50 day and 200 day moving averages moving up. MACD is also on top of 0, and %K line on top of %D line, so as you can see there are a several indicators showing the stock is on the course to go higher.

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Electronic Arts Inc. (NASDAQ:ERTS) seems to have taken good support at $16 and may bounce from here.

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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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