( click to enlarge )PulteGroup, Inc. (NYSE:PHM) broke out to new highs Thursday on 1.5x the daily average volume. The short-term uptrend is intact and signals further bullishness on this stock. Buy the stock in dips with tight stop-loss at $11.49.
( click to enlarge )InterDigital, Inc. (NASDAQ:IDCC) shares gained more than 2.8 percent on Thursday closing near its highs of the day on decent volume. I'm keeping IDCC on the list for the next few sessions and I expect to see the stock pop up to $35. The next major resistance level for the stock is located at $34.97. A close above this level would be very bullish. Pullbacks to $31.57-$32 are now a good entry point. The daily technical indicators are bullish as MACD momentum and histograms trend higher in positive territory and RSI is moving up.
( click to enlarge )ON Semiconductor Corp. (NASDAQ:ONNN) closed back over the 50-day MA and the volume was good. The immediate support level is now adjusted to $6.75 followed by $6.51 and the resistance continues to be located at $7.23 followed by $7.36. The technical indicators such as KD and RSI also show buy signal as %K line has just crossed on top over %D line & RSI is also moving up and just crossed its 50% level. In the near term the support base around 6.5 should maintain a positive bias.
( click to enlarge ) Savient Pharmaceuticals, Inc. (NASDAQ:SVNT) has a strong resistance located at $.89 but then nothing until $1.26. The stock was one of the strongest small caps stocks on Wednesday and I expect the momentum to continue. Daily MACD continues to rise bullishly and recently crossed the zero line. Stay tuned.
( click to enlarge )Peabody Energy Corporation (NYSE:BTU) The stock crossed its 50-day moving average of $22.65 and closed at $23.01 on Thursday indicating a strong bullish signal.
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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.
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