Trade Ideas: JVA, XNPT, PMI, NVTL

This still looks pretty good on the daily chart with volume expanding as it moves higher. Coffee Holding Co., Inc. (NASDAQ:JVA) continues to look bullish and had a decent day yesterday. The stock hit a high of $30.98, which is resistance for the next upside move. I’m buyer of JVA once it breaks through this high and i expect to see heavy buying drive the stock higher.

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XenoPort, Inc. (NASDAQ:XNPT) is facing a period of sideways action while it consolidates the gains booked in the past sessions. The stock will face short to medium term resistance at $7.75. Once this level is crossed with good volumes, the stock can go to $8.51.

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The PMI Group, Inc. (NYSE:PMI) – Resting here and holding up well after a strong run. Buy at the break of $1.56 and target $1.85. Stop below $1.202.

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Novatel Wireless, Inc. (NASDAQ:NVTL) – Solid bounce yesterday off 50dma. This stock needs to hold this level this week. I have a good feeling it will. NVTL is starting to show signs of acumulation with high volume on upside days and low on downside days.

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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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