( click to enlarge )There is a possibility of a break out in Apple Inc. (NASDAQ:AAPL) shares for the following reasons:
- Very strong earnings report.
- The stock has been trading within a steep uptrend over the past two weeks and the momentum should continue to drive the stock higher.
- The volumes on this stock are up as seen in the chart
- The MACD is rising and still in the positive zone
- The RSI is still not showing the stock as expensive
- The stock is comfortably above the 200 and 50 day exponential moving averages.
- The volume chart from OBV has been on an upside.
At this point and given the current stock levels, it is important for it to break 119.75 level soon.
( click to enlarge )Hologic, Inc.(NASDAQ:HOLX) broke out and never stopped all day. There is a good chance the stock will continue to move up.
( click to enlarge )Kraft Foods Group Inc (NASDAQ:KRFT) is pulling back to breakout area. The stock could find support here and resume the uptrend. Only a close below $64 would change the short-term outlook to bearish for the stock.
( click to enlarge )Microsemi Corporation (NASDAQ:MSCC) Still watching it, especially after today's action. The MACD-histogram has been sloping up and the RSI is rising, indicating bullishness. Watching over $29.26 for a trade.
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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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AC
