Trade Ideas: CBOU, GMCR, XNPT

XenoPort, Inc. (NASDAQ:XNPT) has the 200 SMA at $7.53 and the major resistance to cross at $7.73.  The stock has started a steady stream of news and volume that seems to be bringing new investors to the market. Based on technical reasons, there is a near term to midterm opportunity for shares of XNPT to rebound to higher levels. Go long at any close above the $7.73 area. Shareholders may remain invested with a stop-loss at $6.99. The technical daily chart below shows the momentum indicators have turned up and the RSI is on the rise.

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Caribou Coffee Company, Inc. (NASDAQ:CBOU) closed at $15.50 back once again above its 20-day moving average, which closed at $14.84. Lots of room to the upside if it can follow through on Tuesday’s move.

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Nice spike up on strong volume. Could play Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) here for a move above $104. MACD is positive and above the signal line. RSI is moving up and above its 50% level.

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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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