Trade Ideas for Nov. 23: EK, AONE, CROX

Eastman Kodak Company (EK) should be on your watch screen for the rest of the week. The stock broke out of a base in October and has been consolidating above the base since then. EK has been trading in a very tight channel as volatility dies down. The stock was indecisive today, closing the day at $4.77 with the overall trading volume of 2.78M shares for the day. The bias remains neutral in nearest term as price still trapped in range area of $4.66-$4.96 as you can see on my daily chart below. Overall it is still in bullish phase but need a clear break above $4.96 to continue the bullish scenario testing $5.95.

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A123 Systems, Inc. (AONE) had a significant bullish momentum today, made a strong break out above its 50-day moving average as you can see on my daily chart below, which is very bullish. The stock is again setting up for a potential swing trade. From a technical standpoint, MACD Histogram and stochastic oscillator have turned up and RSI is again moving upward. Next resistance is located at $9.28.

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Crocs, Inc. (CROX) broke out to new 52-week highs today. I’m expecting to see the stock continue this move on Tuesday. As long as the stock stay above $16.30 area, the bullish scenario is still intact. Technical chart shows bullish sign with %K line on top of %D line and MACD on top of signal line. Next targets for the stock are $18.25 and $20.

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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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