Trade Ideas for Tomorrow: ARMH, RMBS, TOL, AONE

Rambus Inc. (NASDAQ:RMBS), after a big price-volume surge in December, the stock has consolidated in the last two months in the 20-21.50 trading range, which looks like it’s ready to be broken. The consolidation and compression that has been going on in the last weeks is very healthy. The technical daily chart still showing a bullish bias. KD line shows positive signs as %K line is rising on top over %D line and RSI continue moving up. If a breakout occurs I expect to see the stock in the 22.15-22.50 range short-term.

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Toll Brothers, Inc. (NYSE:TOL) finished the session today with a gain of 81 cents, or 4%, on higher-than-average volume, closing near the session high. This is an indication that current momentum could continue in the next few trading days toward the 21.50-22 area. Watch TOL trade tomorrow since it has solid fundamentals and technicals suggesting that share prices could be continue on an upwards path, especially in the near-term.

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ARM Holdings plc (NASDAQ:ARMH) remains one of the hottest stocks on the market. The stock has been in a nice uptrend for the last two weeks and it looks very strong with both 50 day and 200 day moving average going up. ARMH is now on the overbought level, so this means a possible correction is near. This may give us a chance to jump in on the stock when it moves lower. ARMH is a stock to keep an eye on for awhile.

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A123 Systems, Inc. (NASDAQ:AONE) was very strong on Tuesday, as the stock closed up $.61 on 2x the normal daily volume. This is a huge move for AONE, and could be the start of a breakout move. Resistance is $10.99, which was the high of January. I’m watching the stock for the breakout move and expect it to happen soon. Once AONE breaks through, we should see a heavy increase in buying. Technically, the chart looks Bullish, with the 50 dma on top of 200 dma. In addiction with %K line above %D line we should see the stock continue to go up.

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Other stocks to watch:

Motorola Mobility Holdings Inc (NYSE:MMI) surged in the final hour of trading on Tuesday. The stock is now testing the 10-day moving average currently located at $30.20. A close over this level would be very bullish and signal a short term trend change. MMI is a great company and I plan to buy the stock on a close over the 10-day moving average.

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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