4 Trade Setups to Watch: DELL, FORM, GM, VOLC

Dell Inc. (NASDAQ:DELL) – Much hated stock getting some love. Breaking out on strong volume with all main moving averages below acting as support. Presumption is that the breakout will continue. Fresh buying may be considered on a close above $16.96.

(click to enlarge)

General Motors Company (NYSE:GM) produced a good bounce from the $30.75 level today. If the bounce continues tomorrow look for new long positions in the $32 zone. The MACD on the daily chart is nearing a new buy signal and the stock is also forming a possible inverted head and shoulders pattern with a neckline around $33.

(click to enlarge)

FormFactor, Inc. (NASDAQ:FORM) – Good day today on nice volume. The stock closed at $9.95 back once again above its 50-day moving average, which closed at $9.87. Above $10 is very Bullish. Lots of room to the upside if it can follow through on today’s move. I love the risk/reward so long as it holds above the 200 day moving average.

(click to enlarge)

Nice spike up on strong volume. Could play Volcano Corporation (NASDAQ:VOLC) here for a move above $29, but my preference is to wait for it to base or flag out before buying. The stock looks very bullish on charts. MACD is positive and above the signal line. RSI is moving up and above its 50% level.

(click to enlarge)

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.

Visit: AC Investor Blog

Be the first to comment

Leave a Reply

Your email address will not be published.


*