Stocks in Play for Nov 16: DRYS, EK, LVS, SIRI

Shares of Sirius XM Radio Inc. (SIRI) are back to the weak state they were in the mid of October. Keep an eye on $1.30 which is a key support level on a closing basis. The short-term outlook remains bearish and a drop to the $1.30-1.35 range appears likely. The weak outlook would be negated on a close above $1.47.

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Las Vegas Sands Corp. (LVS) is one of my favorite stocks to trade, simply because I know it well. The stock has lost some of its momentum as indicated by the moving average convergence divergence (MACD). As long as the support at $47.81 ( stoploss ) holds the near term momentum remains bullish and it is on watch for another potential move upward.

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DryShips Inc. (DRYS) is facing resistance at 5.7 levels recently. If it break above this level, further up move can be expected.

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Shares of Eastman Kodak Company (EK) were on fire today. The stock has resistance located at $5.13, if this price is broken I think the stock will go back into the $6’s. Looking at the technical chart they seem to have been building a base since September and MACD is registering a strong bullish signal. I like the chart and expect to see another upside move soon.

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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 324 Articles

Antonio Costa is a 35 year old part-time trader who trade stocks in the US market.

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1 Comment on Stocks in Play for Nov 16: DRYS, EK, LVS, SIRI

  1. from the these Companies I follow and have shares in Kodak,

    Kodak has several fronts, as it is in it’s final phase in it’s transformation from Film to Digital it Potential coming from the New Consumer Digital line-ups like Easyshare one touch button Dgital cameras waves and Camcorders that upload and share on Facebook, Kodak Gallery, Flicker and Youtube, email and also Digital frames that communicate wireless to the sharing social networking sites, also the new wave of consumer touch screen devices.

    Their Patent are huge including Imagery, 3D, OLED, Video and Auditor Wireless communication, Storage systems, Ink Jet printing technology, Mobile communication and they start to make hundreds of millions from Royalist and Licenses and they after now Apple and RIM and many other

    They got also Great new Online services that compliment their Retail Kiosks and Consumer line-ups

    Their commercial biz Transformed to biz with new Printing, Packaging , Scanning, Media sharing and storage line-ups across the Globe

    They got a Growing Inkjet ranges for consumer and office and Special Ink with cost saving technology and building their portfolio for consumer and office which their main goal that Ink replace Film as a cash cow for the company in years to come.

    Their last CC was really interesting especially comments about new Business models that will be shared in February 2011 and hints about exploiting more the Patents and investing in resources in Asia , People and assets for the next move of Digital growth

    CES 2011 on 6th January followed by February will be very interesting to see new line-ups

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