NVIDIA Corporation (NASDAQ:NVDA) has been forming a bull flag/bull pennant pattern. The stock has a good risk/reward. I’m looking for a strong move up in the near term. From the technical daily chart both MACD and CMF are showing bullish sign as MACD is rising above 0 while CMF is positive. I remain bullish on this stock.
(click to enlarge)
Sonus Networks, Inc. (NASDAQ:SONS) Still holding its 50-day SMA. The stock is consolidating over that level on very low volume, so watch to see if it can clear resistance. The Accumulation/Distribution line is climbing up again. Over the last 6 months, insiders were net buyers of 8.3M shares, which represents about 3.76% of the company’s float. The bullish insiders should indicate SONS stock is really worth buying.
(click to enlarge)
Research In Motion Limited (NASDAQ:RIMM) displayed some strength on Friday again but volume was not so high as on the previous day. I recommend readers take some profits (1/2 your position) right here. Its daily RSI reached the 80% level. I am not suggesting new bullish positions at this time.
(click to enlarge)
DryShips Inc. (NASDAQ:DRYS) is a good stock that can turn in strong gains when starts moving. Honestly, I believe one of those moves began on Friday after closing the day with a gain of 9 cents to $1.83. The strong move came on a surge of volume, which is generally a good sign. Set a stop loss at $1.60
(click to enlarge)
Arena Pharmaceuticals, Inc.(NASDAQ:ARNA) may have reversed its recent downtrend, closing in the green on decent volume on Friday. I will give this one, one more session. Buy stop at $9.45. All the technical indicators look good.
(click to enlarge)
US Airways Group, Inc. (NYSE:LCC) No position was entered as the stock failed to break $13.2. I will watch it again this week.
(click to enlarge)
