Trade Ideas: BIIB, EGO, GMCR, JAZZ

Jazz Pharmaceuticals, Inc. (NASDAQ:JAZZ) – has recovered nicely this week and can potentially set-up very well for a swing-trade if the stock breaks through the resistance level at $44.05. Technical indicators are becoming more favorable with MACD and Stochastics starting to turn up. Uptrend firmly and healthy.

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Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) has appeared recently on my blog for a potential move higher. Looking at technical chart below, you can see for yourself that the recent gains have come on relatively strong volume. Looks good over $110.96 for a trade. 20 SMA is providing support now.

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Eldorado Gold Corporation (NYSE:EGO) recorded a new high in Thurday’s session. Short-term outlook for the stock is bullish. Buy the stock in dips with a stop-loss at $19.23. The technical daily chart looks Bullish with both 20, 50 and 200 daily moving averages going up and MACD on top of 0, RSI in a Bullish area too.

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Biogen Idec Inc. (NASDAQ:BIIB) – The technical chart shows a bear-flag formation under the 50 day moving average with key support at $89. A break below this level should kick in the sell programs.

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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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