Trade Ideas: LLY, MPEL, NFLX, GURE

Chart looks Bullish now. Eli Lilly & Co. (NYSE:LLY) broke out a nice base on surging volume. Time to test $39.40.

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Melco Crown Entertainment Ltd (NASDAQ:MPEL) is consolidating in a bull flag. If it clears the flag it should head to a new high. Technicaly chart shows the stock is still in a very strong bull market with MACD on top of signal line and 50 day moving average on top of 200 day moving average.

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Netflix, Inc. (NASDAQ:NFLX) – Interestingly the stock failed to make a new high and is retaining the preferred scenario that we have seen a top.

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Gulf Resources, Inc. (NASDAQ:GURE) traded nicely yesterday and I’m looking for continuation of the upward direction. During Thursday’s trading session, GURE closed at its High of Day. In addition, the company moved higher on above average volume, both indicators which are considered to be a favorable signal. GURE is looking bullish at this point after breakout of the downtrend line. In the technical daily chart the stock is poised for a rally with MACD trending up and %K line on top of %D line indicating a buy signal. Hence, watch for continued volume that could push shares to higher levels.

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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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