Trade Ideas: AAPL, CFX, FORM, ZION

Apple Inc. (NASDAQ:AAPL) – Good risk/reward set-up at these levels and holding the bottom of the rising channel nicely(so far). The Slow Stochastic shows a bullish cross, signaling that the next move may be in an upward direction.

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Colfax Corporation (NYSE:CFX) broke out to all-time highs during yesterday’s session to $32.69 per share, however in the final hour stock retracted closing at $30.84. Overall inidicators are still in Bullishs areas. Let’s see if today stock will confirm intraday breakout. Support at : $28.75 and Resistance at :$32.69.

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Zions Bancorporation (NASDAQ:ZION) tried to move but the weak market held it back. The stock failed to close over the 50-day moving average now located at $17.06. A close over this level would be bullish and I’d look for ZION to test the $18.50 area. The Stochastic Oscillator is registering a bulish signal as the %K is now above the %D.

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FormFactor, Inc. (NASDAQ:FORM) attempted to breakout yesterday but didn’t succeed. A breakout from this sideways zone will give an excellent opportunity for traders to pick up long positions. However, as long as the price still in this area, the bias remains neutral in short term. The only thing I don’t like about FORM is its volatility, because volality means indecision by the investors. It does not mean the stock will not breakout very soon but I want tighter price movement and solid volume so we know we are flushing out the sellers. Honestly, I think shorts are trying to scare the small investor before the stock skyrockets. This could explode on any positive news due to the high short interest compared to float and the solid cash.

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New 52-week high stocks:

INTC – Intel Corporation
PM – Philip Morris International
GNC – Gnc Holdings
RAI – RJ Reynolds Tobacco
PVX – Provident Energy
CFX – Colfax Corp
SBH – Sally Beauty Holding
RHT – Red Hat, Inc.
SWI – SolarWinds
SPRD – Spreadtrum Communication
TSCO – Tractor Supply Company
KSU – Kansas City Southern
FIRE – Sourcefire Inc

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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