Trade Ideas: BKS, ULTA, XLNX, LSI

Barnes & Noble, Inc. (NYSE:BKS) seems to be on its way to recovery from the recent drop. The daily volume has been relatively large, giving credence to the recent upward movements. The stock had another strong day and broke through its major resistance line. The volume confirmed the breakout, as it was greater than average. With technical chart showing strength as MACD is above signal and %K line above %D line, we could see the stock keep going up. Next resistance is at $14.06.

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Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA) – Bullish volume pattern. Made new highs today and looks good for more.

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Xilinx, Inc. (NASDAQ:XLNX) broke through resistance at $35.44 accompanied with volume. We should be able to see some decent upside movement for the bulls here. On the technical side, the chart looks very good and I expect a continuation of the upward movement.

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LSI Corporation (NYSE:LSI) is consolidating nicely after a big move up. Strong support at 7.05. Watch out for a break of 7.50.

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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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