Trade Ideas: BKS, SWI, TQNT

Barnes & Noble, Inc. (NYSE:BKS) was one of the few winners on Wednesday. The technical indicators are looking better now for the stock. The stock has broken the horizontal resistance line with heavy volume and looks like it will continue to run up. Looking at the daily technical chart the stock has just entered into a short-term bull market as the stock is on top of 20 day and 50 day moving averages. Other technical indicator such as MACD, is above 0 showing positive momentum while KD line also show buy signal as %K line is on top of %D line. Technically speaking the stock is now painting a “Bullish” picture. A move on BKS above $13.89 could spark a nice short-squeeze….. Short % of Float 10.6%….

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TriQuint Semiconductor (NASDAQ:TQNT) – The daily chart shows stochastics extremely oversold, so we might see a slight retracement to around $6.01 or so. I like this stock for a long term hold. It’s part of my portfolio and I intend to stay with it. The insider transaction chart also shows that the top executive such as director has been purchasing the stock recently.

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SolarWinds, Inc. (NYSE:SWI) broke out on Wednesday and made a new 52-week high of $30.40. I’m keeping SWI on the list for the continuation move. The stock had big buyers in it all day and looks ready to make another move on Thursday. The technical chart shows a continuation of the trend with MACD and RSI in the Bullish areas. Watch the stock closely today and once it breaks $30.40, get ready to jump in and buy the stock.

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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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