( click to enlarge )Alcoa Inc (NYSE:AA) broke a key resistance line today with an up-move of 73 cents to 12.59. The stock price had been trading sideways over the past two months and formed an ascending triangle consolidation pattern. We can expect a price movement up to the 14 level.
( click to enlarge )Grupo Televisa SAB (NYSE:TV) Considering strong momentum that we are seeing this week, the stock price looks set to break higher above its 52-week high of 33.
( click to enlarge )Arch Coal Inc (NYSE:ACI) is setting up nicely to break out. Buy point would be on the day it blows through $4.759 on heavy volume. The indicators are looking Bullish. The MACD is above signal line and above 0 line, which is a bullish indicator. Additionally to that we also have the stock price currently above all EMA’s.
( click to enlarge )Zynga Inc (NASDAQ:ZNGA) SAC Capital disclosed a 5.3% passive stake in Zynga (13G Filing) more than doubling its previously-disclosed stake. With RSI in oversold zone, it is possible we could see a bounce up to its 50EMA at $4.83
( click to enlarge )Baker Hughes Incorporated (NYSE:BHI) looks ready to make new highs. It has been consolidating around 61-64 for the last four weeks and a break above 64.20 on heavy volume would be bullish. Stay tuned.
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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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