Zagg Inc (NASDAQ:ZAGG) rallied another 5% on heavy volume. The stock hit a high of $12.50, which is now resistance for Tuesday’s continuation move.

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THQ Inc. (NASDAQ:THQI) held up well in the weak market. Short term, I’m looking for a bounce on THQI, and if we see a strong bounce then I’ll be looking at the daily THQI 20 and 50 SMAs as possible bounce targets. Despite the weak signal from MACD in the technical chart as MACD and signal line are below 0, the technical chart shows this might be a great time to buy the stock as %K line has just crossed on top over %D line showing buy signal while ROC is still at oversold level. Immediate resistance is seen at 3.58 (yesterday’s high ).

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Netflix, Inc. (NASDAQ:NFLX) – On Daily chart we can see a bearish MACD crossover that is increasingly evident in the last trading session. Next support is the 255-252 area just below the current price. There is a fair chance we will get a pause and a possible bounce off here. If it fails to hold above this level, then it has potential of testing 245.

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Patterson-UTI Energy, Inc. (NASDAQ:PTEN) broke support in yesterday’s session and should head considerably lower in the next few days. Next support is seen at $27.51 and then at $26.58.

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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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