Stocks to Watch: NVDA, OVTI, HLF

NVIDIA Corporation (NASDAQ:NVDA) rebounded strongly yesterday on pretty heavy volume and might be on the way up again. As you could see below, the stock has several favorable technical factors suggesting that it could breakout its 200-day EMA which often attracts additional traders on the buyside, putting upward pressure on shares. Positive MACD indicates that the stock is a buy. Any move over $12.91 will probably lead to a strong rally. Let’s keep an eye on it.

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OmniVision Technologies, Inc. (NASDAQ:OVTI) broke out and closed above resistance on a nice volume increase. If the technical chart does what is supposed to do, it will be going higher in the days to come. Technically, the stock is in a Bull Market with share price above 20, 50 and 200 daily moving averages. Let’s see if today the stock will confirm the breakout. Keep an eye on it as i think momentum will pick up.

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Shares of Herbalife (NYSE: HLF) shot up in after-hours trading after Hedge fund manager Carl Icahn revealed a huge stake in the company. Icahn now owns nearly 18% almost 14 million shares. Per filing, Icahn will seek talks with Herbalife, including possibly going private. Levels of resistance to watch in HLF after this pop : $46.40 ( 200EMA ) and the recent highs at $47.16

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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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