Trade Ideas for Tomorrow: AAPL, ACAD, SIRI

Sirius XM Radio Inc. (NASDAQ:SIRI) looks like it has a good chance to continue higher and a buy could be made as it moves over $1.88. If this happens, SIRI is a good play. The Technical chart below shows the stock is on a strong bull market as the stock is trading above 50 day and 200 day moving with both moving average pointing upwards. In addition MACD has a bullish crossover. The major bullish scenario should remains intact as long as price is moving inside the channel and the current bearish momentum should be seen just as corrective movement. Shareholders may remain invested with a stop-loss at $1.622.

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We finally got the breakout in ACADIA Pharmaceuticals Inc. (NASDAQ:ACAD). Shares rallied past resistance near $1.89 and hit my trigger to open positions. Watch the $2 as potential resistance. From a technical standpoint, the MACD chart is still showing an up trend with the MACD indicator above its signal line and is indicating further strength. The RSI value is also currently above 50 but it has not reached the overbought territory. Let’s keep an eye on ACAD as i think momentum will pick up.

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Apple Inc. (NASDAQ:AAPL) delivered a nice bounce and out performed most of the market with a 1.34% gain on pretty heavy volume. The stock formed a Bullish hammer pattern, implying it may have a chance to rebound. A possible long entry would be made over the higher of Thurday’s bar which is at $336.

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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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