Trade Ideas: AAPL, AL, HERO

The daily technical chart shows an up trend for Apple Inc. (NASDAQ:AAPL) and the price has been well supported by the 200-day SMA over the past 3 months. The daily MACD lines, MACD-histogram, 10-day SMA and stochastics are all rising. In addition, the stock broke its 50-day moving average and could break 396.41 next on its way to a target of 404 to 409 if the market continues with its recovery. These factors support a bullish move.

(click to enlarge)

Air Lease Corp (NYSE:AL) looks like is close to attempting a breakout. This strength is confirmed by price movement as well as two momentum indicators. MACD and RSI show buy signal as MACD is above signal line and RSI above its 50% level. The stock has held its 50-day MA as support and is displaying a screaming buy divergence on the upside. AL is also slowly under accumulation based on the OBV indicator. I think the market is waiting for fresh news to define the trend, however if the stock breaks above $23.75, then that is a bullish sign as higher prices.

(click to enlarge)

Hercules Offshore, Inc.(NASDAQ:HERO) caught my attention yesterday. The signal to buy was given yesterday when the previous day high at $4.23 was taken out. This breakout suggests a possible move to $4.50. Technical indicators such as KD also show buy signal as %K line has just crossed on top over %D line. Although the stock didn’t perform well this month, we start to see now some signals of rebound as the technical chart shows positive momentum is back. Stay tuned !!

(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Your email address will not be published.