Pharmacyclics, Inc. (NASDAQ:PCYC) has been hitting higher highs and higher lows amongst strong RSI price points. In fact, the RSI is showing multiple points of overbought periods. The stock has been on a strong bull market rally as %K line has been on top of %D line with stock trading above 50 day and 200 day moving average and MACD above 0. For the long term the stock should still continue to go up, however with this kind of overbought conditions I prefer stay away for a better opportunity.

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FormFactor, Inc. (NASDAQ:FORM) – Looks like the Bulls are going to win this fight. Just one more push to change the trend. The technical chart shows the stock is back in rally with MACD back above 0 and %K line rising above %D line. This company has no debt and about $333.2 million of cash, so they have about $6.58 a share in cash. I love the risk/reward so long as it holds above the $8.50 area and expect to see another upside move very soon.

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A123 Systems, Inc. (NASDAQ:AONE) – Looks like the Bulls are now controlling the stock, MACD back again above 0. My first target is now $6.14.

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The Netflix, Inc. (NASDAQ:NFLX) chart is on the verge of breaking down. It has closed below the 20 SMA, but is still just above support. If support fails to hold, then a fall to the next support level near $245 is likely.

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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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