Trade Ideas: AAPL, ANR, CECO, FORM, GRPN, IDCC

After an excited trading session on Thursday, the stock on Friday experienced aggressive buying pressure from the investors, closing the day with gains of more than 10% on massive volume. Groupon Inc (NASDAQ:GRPN) was a stock I alerted to my readers/twitter followers on Tuesday as a bounce candidate at 4.35-4.5 a share. We have positive signal of all technical indicators. The fast stochastic is now in the overbought zone and the slow stochastic is on its way there, providing a strong bullish signal. The MACD indicator confirmed the signals of stochastics by it increasing. The RSI is also advancing sharply closing above the 50 level, showing the strength of current buying pressure. Another positive effect was the break of the resistance at $5 and we could expect the strong buying pressure will helps the the stock heading to it next level at 6-6.3. However I would to point out that this resistance zone is pretty strong, as it’s a combination of a normal resistance zone and the resistance of 50-SMA, we could expect in this area ( 6-6.30 ) the consolidation or a turning down.

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To me InterDigital, Inc. (NASDAQ:IDCC) still looks poised to break higher. The stock broke out on Friday but didn’t hold the gains and closed at 35.39. Maybe after a rest will try the game again. As I said in my previous posts, the current moves of the stock are just consolidation for a bigger move that will take the stock to the 40´s price. Looking at the technical chart below you can see that the money inflow keeps getting higher indicated by the heading up of The Money Flow Index (MFI) Indicator.

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Apple Inc. (NASDAQ:AAPL) hit new highs of $696.98 on Friday, which is resistance for the follow through move today. If the stock can break through highs, we should see another high volume move as the stock moves higher. In the long term technical chart, we have the advancing of the Stochastic indicator, showing positive signal. The MACD is also confirming the Stochastic as it is also moving up. The 50 SMA and 200 SMA are rising, showing long term bullish trend.

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FormFactor, Inc. (NASDAQ:FORM) closed at $5.76 back once again above its 50 & 200 moving averages, which closed at $5.68 and 5.59 respectively. Lots of room to the upside if it can follow through on Monday’s move. The MACD indicator is still heading up, providing a positive signal. The RSI is rising above the 50 line from below, indicating the increasing of buying pressure. We have strong BUY signals on this stock.

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Career Education Corp. (NASDAQ:CECO) jumped over 5% on Friday to close at $4.04. It ended the day trading 614K shares and closed near the highs of the day. The technical daily chart shows the momentum indicators have turned up and the RSI is on the rise. It will be interesting to see this week if the momentum can continue through the $4.2 50-SMA.

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Alpha Natural Resources, Inc. (NYSE:ANR) continued its rally off recent lows, marking a 2nd consecutive trading week with sizable gains for shareholders. In the short term technical chart, we have bullish signal providing by both OBV and MACD as they are advancing strongly. The RSI is also rising, showing the increasing of buying pressure. Pullbacks should be an opportunity for investors. Stop loss for long position should be at 6.64.

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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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