Trade Ideas for Tomorrow: BANR, HEB, LVS, VG

During today’s trading session I was scanning some charts and I stumbled upon Vonage Holdings Corp. (NYSE:VG), whose stock has shown remarkable strength over the last 4 months. The stock made a new 52 week high this morning, but the bulls could not sustain the breakout and price closed well off its high. However, the technical chart below still showing that the stock is in a bull market rally as MACD is on top of signal line and %K line is on top of %D line. In addition, the medium term trend is also bullish as the stock is above 50-day and 200-day moving averages with both moving averages going up. Buy only when the stock breaches $5.30. Once the stock breaks this level we should see a strong upside move. The stock needs to stay above $4.98 to keep the short-term outlook positive. Keep the stock on your screen throughout the day on Thursday.

(click to enlarge)

Las Vegas Sands Corp. (NYSE:LVS) is poised to breakout of this tight horizontal basing channel. Resistance for the breakout move is $46.72. LVS is a fast moving stock, so keep it on your radar.

(click to enlarge)

Banner Corporation (NASDAQ:BANR) has been trading a very tight range for a few days right up at resistance. If it clears resistance the move may be powerful.

(click to enlarge)

I’m actually pretty excited when i saw Hemispherx BioPharma, Inc (AMEX:HEB) chart because it is showing some bullish signal in its early stage. The stock has been trading on a downward slope since June 2009. Recently, though, it is showing some signs of a possible reversal. The chart of Hemispherx BioPharma is now much improved after today‚Äôs action. The MACD has reversed again the course and stock finally closed above its 200-day moving average with heavy volume. In addition, the stock was upgraded at Maxim Group today from Hold to Buy with a target price of $1.50. Today I alerted my readers on HEB via twitter.

(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.