Trade Ideas: AMZN, DNDN, FSLR, MSFT, TWER, UA

Friday’s move created a number of technical analysis buy signals. The stock was consolidating between 30 and 31.61 for 1 month and made a breakout of its previous high on very high volumes. The chart also shows a bullish MACD crossover, the RSI is moving up and above its 50% level. Microsoft Corporation (NASDAQ:MSFT) stock is now testing the resistance level. Look for a break above the 32.95 level to enter longs for a target move to 35. If the stock does not breakout and pulls back look for an entry near the 50 DMA (Blue line).

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Towerstream Corporation (NASDAQ:TWER) The 50 day MA on daily is still acting as support. Could be a high flyer on breakout, look for break above 4.80 to enter longs.

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Under Armour Inc (NYSE:UA) After drifting for weeks, the stock finally broke out of a consolidation and reached a new 52-week high. Friday’s high was $102,86, which is resistance for the follow through move. If the stock can break through this level, expect to see heavy volume drive the stock higher.

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Amazon.com, Inc. (NASDAQ:AMZN) The stock is now trapped between 190 and 195 levels. Long positions can be considered with a stop loss of 184.90 on daily closing basis. Targets are 200 and 206. Watch to see what it does here.

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There has been a persistent decline in First Solar, Inc. (NASDAQ:FSLR) shares since mid of February tempered with short-lived and unconvincing rallies. From the technical chart the short-term trend is still weak as the stock is still below its 50 and 200-day moving average. The stock needs to close above $22.89 in order to alleviate the negative near term view. Next support is at $20.60, followed by $20.02.

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Dendreon Corporation (NASDAQ:DNDN) had another very productive day as we saw gains of over 3% and I believe it has more room to run. The short-term outlook remains positive for the stock. DNDN finds an immediate resistance at 10.74 and support at 9.88 followed by 9,72.

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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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