Trade Ideas: CBOU, IDCC, MA, MCP

MasterCard Incorporated (NYSE:MA) might face a period of sideways action while it consolidates the gains booked in the last sessions. MA has been in a nice uptrend for the last 6 months and it looks very strong with both 50 day and 200 day moving average going up. The stock will face short to medium term resistance at $340.42. Once this level is crossed with good volumes, the stock can go to $372.

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InterDigital, Inc. (NASDAQ:IDCC) – The consolidation and compression that has been going on in the last two weeks is very healthy. The technical chart shows a bullish bias. EMAs are moving up and RSI is above its 50% level. William %R and Stochastic are also in buy mode. The price can head towards the 75-80 zone. If this zone is surpassed, getting to $100 would be a possibility. There was hearty volume in the September calls at the 75, 90 and 100 strikes. Over the last few weeks, there have been rumors IDCC is a takeover target. Google, Apple, Oracle and Samsung are the possible suitors. I’m really convinced that this stock can easily double from here. For that reason, I’m still holding my shares in hope of a strong move.

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I remain bearish on Molycorp, Inc. (NYSE:MCP) in the near-term. MACD has a bearish crossover. In addition, the bearish crossover in the ADX chart adds to my conviction.

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Caribou Coffee Company, Inc. (NASDAQ:CBOU) broke out to all time highs !! The technical chart shows a bullish bias. The MACD had just cut above its signal line. While there is a chance that the stock had a false breakout, you still have to favor the underlying trend until it is proven. Nevertheless, keep this on your watch list because the overall market sentiment on CBOU is pretty bullish.

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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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