Trade Ideas: AONE, ONTY, THQI, ZAGG, EK

We finally got the breakout in Oncothyreon Inc. (NASDAQ:ONTY). Shares rallied past resistance near $6.82 and hit my trigger to open positions. Watch the $7 as potential resistance. Let’s keep an eye on ONTY as i think momentum will pick up again.

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I got pretty excited when i saw Eastman Kodak Company (NYSE:EK) chart because it is showing some bullish signal in its early stage. The technical chart is now much improved after Friday’s action. The STO has reversed again the course and stock finally closed above its 50-day moving average with good volume. Keep this stock in your radar list.

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I told you on Thursday about Zagg Inc (NASDAQ:ZAGG) and Friday the stock successfully broke the major resistance with unusual volumes. This is a very bullish development. The stock made a new 52 week high closing at $11.63. The stock hit a high of $11.98, which is now resistance for today’s continuation move. If the stock can break through resistance, we should see another strong upside move. ZAGG will move very quickly, so watch the stock closely today.

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A123 Systems, Inc. (NASDAQ:AONE) is extremely oversold, watch for a pullback. Its falling price on surging volume is indicative of capitulation selling.

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THQ Inc. (NASDAQ:THQI) – Technically this stock looks great here. I bought some shares on Friday. I don’t think the stock can go much lower. Major support holds at $3.50 on a close basis. A strong bounce could be in store.

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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 325 Articles

Antonio Costa is a 35 year old part-time trader who trade stocks in the US market.

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