Trade Ideas for Tomorrow: AIG, JNPR, NVDA, RRGB

Juniper Networks, Inc. (NYSE:JNPR) shares closed the day gaining more than 7% to a new 52-week high. The stock has been on one of the most amazing runs of this most recent bull market. Looking at the daily chart the investor sentiment in Juniper stock showed by RSI continues strong and MACD still going up. Stock still trading in a strong Bull Market with share price above 20 dma, 50 dma and 200 daily moving average. Following this technical chart it’s predictable that tomorrow JNPR will reach new highs again.

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NVIDIA Corporation (NASDAQ:NVDA) – If its support of $22,22 is broken on a close basis then the chances of stock touching the level of $18.88 becomes high. The internal indicators ( KD, MACD and RSI ) are moving down and in the world of technical analysis, that is not good. Buy only when the stock reverses from the support.

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In the last trading session, American International Group, Inc. (NYSE:AIG) opened above $40.6 and was trading well above this level. There are signs of a possible bounce here due to the oversold indicators and some positive divergences, which often leads to short covering. Let’s see whether the stock can gather enough momentum to break through $41.71. If the Bulls are able to push through this level, there will be a new rally towards $46.

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Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) -Share price has been moving in a range since December. A break above $22.58 on a close basis could set a temporary rally to $24.28. At this stage, the stock can go either way, however the volume is picking up which is a good signal, probably a signal of accumulation. Intermediate trend remains neutral. Stop loss for short-term investors can be at $20.66.

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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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