Trade Ideas: COOL, NFLX, NVDA, PKD

Parker Drilling Company (NYSE:PKD) continues to push higher and still looks like it has more to go. PKD’s earnings are not happening until May 4, so it’s got plenty of time to move heading towards that report. The stock got a nice bounce today off of the support of its 20-day EMA and it closed near the high of the day. Long entry can be made as it moves over $7.15 and over the high of $7.35.

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Majesco Entertainment Co. (NASDAQ:COOL) popped up today and some volume came in. The stock looks good to continue higher from here as long as the market is moving with it.

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Netflix, Inc. (NASDAQ:NFLX) had a bit of indecision today and may be moving lower tomorrow. It’s too early to say but the daily technical chart is displaying some bearish divergences on both the MACD and RSI indicating that this stock could reverse course. Keep an eye on it and get out if it pulls back too much.

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NVIDIA Corporation (NASDAQ:NVDA) rebounded strongly today and might be on the way up again. The stock could be bought again if it can break over $19.34 on good volume and price action.

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Banner Corporation (NASDAQ:BANR) just keeps rolling on. The stock finally gave us the move we’ve been waiting for. It’s now above its 50-day moving average, and the bears are nervous. From here the stock looks good to continue higher.

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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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