Trade Ideas for Tomorrow: ARMH, EBAY, RCRC

RC2 Corporation (NASDAQ:RCRC) shares surged today amid takeover speculation. The stock closed at $25.51, up 16 per cent, with volumes of 3 million shares. RCRC has a Bullish looking stock chart, price broke out from the horizontal resistance mark around $24 share on high volume. The stock is displaying upside momentum and is poised to move higher from these levels. Keep this on your watchlist because the overall market sentiment on RCRC is pretty bullish right now.

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eBay Inc. (NASDAQ:EBAY) is trying to make a move, but the weak market keeps holding the stock back. Today’s high was $31.78, which is resistance for the next upside move. Technically, EBAY in a medium-term uptrend as long as it trades above $29.88. As long as price remains above the trend line, the trend is intact and odds will suggest higher prices. Stochastic Oscillator indicate the stock is oversold in the short-term and will probably bounce rather than keep going down. Definitely keep this one on your watchlists.

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ARM Holdings plc (NASDAQ:ARMH) is looking pretty bearish. If the weakness continues and the stock breaks the support at $24.37, there will be a good chance that the stock will test the next support level at $21.75 on a pessimistic scenario.

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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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