Top Trade Ideas: JPM, RMBS, WWWW, XOM

Rambus Inc. (NASDAQ:RMBS) broke its short-term uptrend line support and %K has crossed below %D line, indicating further declines. Nevertheless, the stock could find some support here near of its 50-day moving average, but the trend is now in favor of Shorts. Let’s keep an eye on it.

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Exxon Mobil Corporation (NYSE:XOM) broke through resistance at $84.85 accompanied with high volume. We should be able to see some decent upside movement for the bulls here. Technical indicators such as Stochastics and MACD also show buy signal as %K line is on top %D line and MACD is on top of signal line.

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JPMorgan Chase & Co. (NYSE:JPM) is back at the breakout area and may find support here. I’m Bullish on stock.

(click to enlarge) Group, Inc. (NASDAQ:WWWW) looks to be forming a bullish flag here. Buy point is on the day it breaks the upper line on heavy volume.

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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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