Stocks in Play for August 3 (GE, HEB, LVS, VMED)

Shares of Virgin Media has made a new 52 week high on Monday closing at $22.15. The stock is overbought and may need to work this condition before heading higher, however history has shown that stocks can run overbought for quite some time with a bullish MACD. Keep an eye on Virgin Media (VMED) tomorrow.

(click to enlarge)

Shares of Las Vegas Sands recorded a new 52 week high. Short-term outlook for the stock is bullish. Remain invested with a stop-loss at $27.20. All technical indicators still point to a bull market. The technical chart below shows Las Vegas Sands (LVS) is in a very strong upward momentum as both 50 day and 200 day moving averages are going up along with the stock. MACD and KD also shows the stock is currently in a bull market. For now the trend is still up.

(click to enlarge)

General Electric Company (GE) has had a hard time with resistance here but may be ready to move higher. The level which the stock may have trouble moving above is currently at $16.58. It would need to break above that level to run to $18. The technical chart shows the stock is rising as K line is on top over D line showing buy signal. However unless the stock can break above this level, don’t expect too much going from the stock.

(click to enlarge)

Hemispherx BioPharma (HEB) – I like the stock as long as it remains above $.50. Further strength above $.55 ( 50 dma ) opens the door to $.65. Put her on your radar.

(click to enlarge)

Other stocks to watch:

CTIC – Cell Therapeutics, Inc. – As long as the stock holds above the $.40 support level the intermediate-term picture should remain positive. Fresh exposures may be considered on a move past $.50.

SIRI – Sirius XM Radio Inc. -Chart looks bullish. Keep an eye for a possible breakout over $1.10

BAC – Bank of America Corporation – Watching for a close above $14.65
MOT- Motorola – Watching for a close above $7.69
STEM – StemCells, Inc. – Watching for a close above $.959
BANR – Banner Corporation – Watching for a close above $2.5
RMBS – Rambus – The stock was very weak today but there was buying activity near the close. I will buy only on a break above $19.73 ( 50 MA ).
AAPL – Apple – Watching for a close above $265.99
NVDA – NVIDIA – From a technical perspective, the stock is looking weak. RSI is trending lower and momentum is bearish.

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.