Trade Ideas: AAPL, CECO, MDF, SIMO

As you can see, Apple Inc. (NASDAQ:AAPL) remains inside of its rising channel on the daily chart. If the stock holds the support, we are likely to see a nice rally as the shorts become squeezed.

(click to enlarge)

Career Education (CECO) surged 7.27% today to $8.21 after the company announced plans to sell Istituto Marangoni to an investor group for between $17 to $20 million and, separately, the firm’s Board authorized the repurchase of up to $100 million in shares. I will be watching the stock today for a continuation move. Some indicators are improving but it needs to breakout above the major resistance at $8.54 to confirm the change in trend. CECO has now a good upside potential, so keep the stock on your radar today.

(click to enlarge)

Shares of Silicon Motion Technology Corp. (NASDAQ:SIMO) have been consistently trending higher over the last two months with nice steps and plateaus in stock. SIMO finally breakout today the major resistance of $19.65. Let’s see if stock will confirm today this breakout.

(click to enlarge)

Metropolitan Health Networks, Inc. (AMEX:MDF) broke out to a new 52-week high on heavy volume of over 1 Million shares. From the technical daily chart both MACD and KD are showing bullish sign as MACD is rising near 0 while KD is crossing up. Keep an eye on MDF.

(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Your email address will not be published.