Trade Ideas for Tomorrow: ERTS, KBH, LDK, NVDA

I see little resistance for KB Home (NYSE:KBH) above $15.71 and a move this week through this level will be an indicator of a possible breakout which should drive the price to the $18 range. Investors looking for a quick near-term profit should look to trade KBH at these levels. Long-term investors can hold the stock as long as it trades above $14.20 while maintaining stop-loss at this level. Strong close above $15.85 will take the stock higher to $17.32 or $20 in the long-term. Technical indicators are supporting the bulls. EMAs are moving up and RSI is moving up above its 50% level.

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LDK Solar Co., Ltd. (NYSE:LDK) is in a new bull-market. Investors with medium-term horizon can hold the stock with stop-loss at $12.28 and long-term investors can hold with deeper stop at $10.02. Target above $15 is $16.46.

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Electronic Arts (NASDAQ:ERTS) – I had mentioned that failure to surpass the 200-day moving average could result in the stock vacillating in the band between $16.65 and $14.63 for few more weeks. I stay with the view that long-term investors can hold the stock as long as it trades above the major support area. Since the stock has strong long-term support in the band between $15 and $14.65, investors can buy the stock close to $15 with stop at $14.63. Looking at the technical chart below we can see a bullish signal in short-term, the RSI reversed from going down to going up just at the weak level of 33. Speaks to a bottom being put in. Stay tuned !!

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NVIDIA Corporation (NASDAQ:NVDA) was one of the few decent winners on Monday, as the stock closed up $2.53 on the day. NVDA broke out today on higher volume ( 2x normal daily volume ) above a major resistance point. Today’s high was $25.05, which is resistance for the follow through move. If the stock can break through this level, expect to see heavy volume drive the stock higher.

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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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