ExlService Holdings, Inc. (NASDAQ:EXLS) recorded a new high in the last trading session. Short-term outlook for the stock is bullish. Buy the stock in dips with a stop-loss at $23.61. 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.

(click to enlarge)

Tellabs, Inc. (NASDAQ:TLAB) – Looking at the technical chart there are several indications I see which suggest a near-term bottom, including large positive divergences on MACD in daily. If the potential buy signal confirms itself, we will be looking for a move to the resistance area at $4.60-4.7, at the very least. Until that happens, traders will want to be on high-alert to the possibility of a bullish reversal. Keep TLAB on your screen for today’s trading session.

(click to enlarge)

IMAX Corporation (NYSE:IMAX) – Back to test Horizontal Resistance line at $18.40. A close above this level on heavy volume will launch a rally. 50 SMA target trade.

(click to enlarge)

Novatel Wireless, Inc. (NASDAQ:NVTL) – Technical Indicator MACD is showing a good room for further appreciation while Chaikin Money flow indicator is exhibiting that accumulation and money flow is increasing in this stock on daily basis. Some indicators are improving but it needs to breakout above the $3.66 resistance to confirm the change in trend.

(click to enlarge)

THQ Inc.(NASDAQ:THQI) – On the short-term, Chaikin Money Flow indicator is showing a strong rising movement, which is an initial sign of strength. The stock closed below highs, but could make another move tomorrow. Wednesday’s high reflects resistance for this next upside move. If the stock can break through resistance, we should see a strong upside move as traders buy up the stock. My model is long, targeting 2.25 area.

(click to enlarge)

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.

Visit: AC Investor Blog

Be the first to comment

Leave a Reply

Your email address will not be published.