Trade Ideas: CPN, IDCC, SIRI, USB

U.S. Bancorp (NYSE:USB) is still trading in an uptrend channel from August till now. Outlook for the stock is rosy as reflected in technical analysis. The daily MACD lines, MACD-histogram, 13-day MA and stochastics are all rising. These factors support a bullish move. Next resistance lies at $27.36 that is upper band of trend channel.

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Calpine Corporation (NYSE:CPN) has moved up huge the past weeks with strong volume breaking through its 50 and 200 day moving averages. It closed near its high Tuesday breaking a strong resistance point. Expect another push higher if the stock can trade above $15.36.

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Sirius XM Radio Inc. (NASDAQ:SIRI) – Mixed signals are seen on the Siriu’s charts. Stochastic analysis is signaling a neutral outlook with the K% and D% overlapping while MACD has a bearish crossover.

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InterDigital (IDCC) Daily MACD is showing positive divergence. If price does not make new lows we may see an up move.

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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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