Melco Crown Entertainment Ltd (NASDAQ:MPEL) had a solid breakout yesterday on almost double its average volume. The stock hit a high of $16.15 which is now resistance for today’s follow through move.

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Yahoo! Inc. (NASDAQ:YHOO) declined to a support zone and upside volume is starting to pick up. The stock is looking real good for a bounce. Watch resistance at $13.34.

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Audiovox Corporation (NASDAQ:VOXX) – Daily chart is showing a range from 7.03-7.69. Needs to break out either side to see significant moves.

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FormFactor, Inc. (NASDAQ:FORM) daily chart is consolidating between its major moving averages. Breakout above the resistance line of $9.36 along with 200 DMA can give good profits for bulls. MACD is positive and above the signal line.

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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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