Stocks to Watch: AAPL, FSLR, VVUS, RMBS, XLNX

The action in the market continues to be very strong as we make new higher highs on SP500, therefore my bias is on the bullish side. Also, economic data continues to show strong improvements. Here are some more potential setups for next week.

First Solar, Inc. (NASDAQ:FSLR) is one of the stocks I’m following which has a very nice rising channel pattern with higher lows and higher highs. It pulled back on low volume Friday, holding support at the 20-day EMA (30.01). Could move again soon. The bullish scenario in short-term still intact so we must see this bearish momentum just as a correctional movement. My model remains mixed with upside bias. On a medium-term basis, the next target is somewhere up around the 39-40 zone.

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VIVUS, Inc.(NASDAQ:VVUS) made a big move last week, the stock was able to move past several important levels of resistance in just a week. On the chart, shares are breaking 1 month downtrend and currently forming a bullish consolidation flag above its 200-day EMA with next resistance at $13.96 and $14.84. VVUS also has 28% of its float short, 4 days to cover. Long setup.

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The long awaited break of its 200-day EMA is just one step away. Watching for $5.68 breakout. The technical chart below shows very bullish sign as the stock is on top of 20-day EMA with it also on top of 50-EMA. In addition, RSI is still above the 50-line and heading north. If you haven’t added Rambus (NASDAQ:RMBS) to your watchlist, now is the time.

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Apple Inc. (NASDAQ:AAPL) has recently been trading with increased volume and is about to test resistance at $480.58. The stock needs to close above this level to indicate a continuation of the rally and the following uptrend will take price up to $500 zone.

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Xilinx, Inc. (NASDAQ:XLNX) had an interesting day on Friday, as it broke out of the range and closed near the highs. Friday’s high was $37.63, which is resistance for the continuation move on Monday. There is a lot of upside in this trade, so keep XLNX on your screen next week.

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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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