Trade Ideas: AMZN, PGNX, RIMM, VRNG, ZNGA

Amazon.com, Inc. (NASDAQ:AMZN) Poised to breakout to new highs. Keep an eye for play over 264.2. Volume & price have risen and this stock again should be on your watch list.

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Shares of Research In Motion Limited (NASDAQ:RIMM) are moving higher in after-hours trading after its quarterly earnings beat Wall Street estimates. Q3 EPS of $(0.22) versus the estimated $(0.35) and the revenue came in at $2.70B versus the estimated $2.65B. Looking at the technical chart stock still trading in a short term Bull Market with share price above 50-day sma and 200-day sma. The next key levels of resistance to watch are $14.99 and then $17.30. Support : 13.28

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Zynga Inc (NASDAQ:ZNGA) Volume is falling and the stock is still holding its 50-day SMA. It looks like the sellers are losing momentum imho

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Progenics Pharmaceuticals, Inc. (NASDAQ:PGNX) had a nice consolidation day after surging nearly 20% on Wednesday. This is the type of action that I love to see before another leg up in price, this slight retrace was expected. Looking at the technical chart, we can see the Accumulation/Distribution line moving up, which is a fabulous sign for this stock. Finally, we’re right on the brink of a bullish cross as the 20-day SMA is ready to cross the 50-day SMA, which is another good thing this chart is showing. I still think the stock is poised to rip to the upside. Keep an eye for play over 2.95

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Vringo, Inc. (NYSEAMEX:VRNG) Looking at the chart it is nice to see this stock back over $3 with big money volume. I’m curious to see how it reacts today as it sits right below its 20-day SMA. A break and close above this level would be very bullish for this stock. We also have a MACD bullish crossover on the daily chart. On watch.

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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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