( click to enlarge )W.W. Grainger, Inc. (NYSE:GWW) is still trading sideways in the short-term, between 200 and 211. Its technical indicators are showing positive signal and its price bars are trading above the major SMA's, denoting the current positive tone that may turn into a new uptrend soon.
( click to enlarge )ON Semiconductor Corp. (NASDAQ:ONNN) is looking bearish in the short term and has a major support at 6 that needs to hold.
( click to enlarge )Tesla Motors Inc (NASDAQ:TSLA) has a strong support at $27.10. If the stock breaches this level on a close basis, then it might decline to $25.5. Almost all of the short-term indicators have turned bearish.
( click to enlarge )AuRico Gold Inc (USA) (NYSE:AUQ) is still looking pretty good. After a seven-day sprint higher it is not a surprise to see a couple of days of rest. If you are looking for an entry point in AUQ I would wait and watch for a dip or a bounce near 6.58 or the 6.4 level. I'm adjusting my stop loss to 6.2 and my target is the 7.50-8 range.
( click to enlarge )Shares of Biosante Pharmaceuticals Inc (NASDAQ:BPAX) rallied higher this morning. The stock hit 2.10 before paring its gains. I remain bullish on BPAX and would watch for a dip and bounce near 1.83 or a breakout over 2.1 as a potential entry point for new long positions.
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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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