Stocks in Play: AAPL, ERTS, GNBT

My technical indicators show that the current short term bearish outlook on Apple Inc. (AAPL) has big probability to continue. The stock broke the key level at $279.8. Further fall is now in favor. My model is short, targeting $273 area. If the weakness continues and the stock breaks this support, there will be a good chance that the stock will test the $262 support ( 50 day moving average ). Keep a close eye on AAPL for the next few trading days.

(click to enlarge)

On the daily chart, Electronic Arts Inc. (ERTS) is still facing resistance around $16.96 ( 200 dma ). The technical daily chart below shows the momentum indicators have turned up and the RSI is on the rise. For the short term the stock should still continue to go up. A close above $16.96 would have positive implications and could drive the stock much higher. Keep ERTS on your radar.

(click to enlarge)

It is clear that Generex Biotechnology Corporation (GNBT) wants to move higher again. Once we get a couple of positive events, we will move rapidly. The stock reacted to the $.55 mark over the past sessions and has suffered a small correction as shown in the chart below. Short term support for the stock is in the $.485 to $.49 region. Technical indicators are favoring longs with both positive momentum indicator and positive MACD above the zero line. A move above $.56 would mark a medium-term breakout. Let’s keep an eye on it.

(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Your email address will not be published.