Trade Ideas: ATML, F, NFLX, SIRI

Sirius XM Radio Inc. (NASDAQ:SIRI) closed at the high last night which is very bullish. The technical indicators still indicate a bullish bias on this stock. The support level is located at $1.99 followed by $1.88 and the resistance is still at $2.

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Atmel Corporation (NASDAQ:ATML), retested the immediate resistance but failed to close over that level. Support continued to be located at $14.85 and close below that level would be bearish or might retest the 10MA again. On the other hand, any close above $15 would have major positive implications from a long-term perspective.

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Netflix, Inc. (NASDAQ:NFLX) is trapped in the range $225 to $240. The stock did not manage to close over the 10-day moving average which implies there could be still on bearish. As I said before the current uptrend of NFLX is showing signs of exhaustion with the MACD displaying a bearish divergence coupled with the RSI.

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Ford Motor Company (NYSE:F) has been in a correction phase after a strong upside movement. Only a drop below $14.92 on a close basis would negate the positive outlook for Ford shares. Existing holders may remain invested with a stop loss at $14.92. On the other hand, any close above $16 would have major positive implications from a long-term perspective.

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Other stocks to watch:

Motorola Mobility Holdings Inc (NYSE:MMI) were on fire on Friday after the company released its financial report. The stock is now trading above all the major MA and the indicator indicates a potential upside. This is a good stock worth watching into next week.

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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