Market Blog Technical Analysis

Great breakout move on strong volume surge for Plug Power

Antonio's Perspective Plug Power Inc (NASDAQ:PLUG) after nearly two weeks of consolidation in the 2-2.19 area, broke out today, up 18 cents, or 8.78% on decent volume. This consolidation break to the upside confirms a short-term trend reversal and the beginning of new momentum, which could move the stock above its two-month high in the 2.5 area. Daily technical indicators are in bullish zones. The MACD indicator is rising above
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Does PayPal (NASDAQ: PYPL) Still Have Room For Growth

After hovering between high 30s and low 40s for the better part of the last one year, PayPal (NASDAQ: PYPL) started breaking out in April and went from $42.63 to $54.39 (June 8).  Thing to see is if the stock has reached its max potential for a while or is there still room for mid-to-long term growth that value investors can still take advantage of. Reaction to Wall Street Opinions Confidence Meter, reflecting
Market Blog Technical Analysis

Nice Bullish Chart But A Pullback Would Be Nice (NASDAQ:BLUE)

bluebird bio Inc (NASDAQ:BLUE) broke out to a new 52-week high yesterday, accompanied by a good volume suggesting higher levels. This biotech stock has been in a nice uptrend for the last seven months and technically looks very strong with both 50-day and 200-day exponential moving averages going up, while %K line is on top of %D line and MACD rising. BLUE is now on the overbought level, so this
Market Blog Technical Analysis

Let’s see if history will repeat itself yet another time: Antonio’s Perspective

As you well know, I have been focused on BBRY which has delivered a 20% gain for the month since I first alerted it to everyone here on Stockal. You probably might think that it is boring watching a stock for weeks at a time, but that's how the real money gets made folks. It looks like there is still strong accumulation on this particular name and traders are bidding
Market Blog Research Trending

Looking At The Lockheed Martin (NYSE:LMT) Stock

Taking a break from writing about tech stocks, we're looking at aerospace stocks today in this post. Interestingly, the change in political landscape seems to have done more good than bad for these stocks - something the markets were not completely sure of since the government has such a huge impact on it. Wall Street Opinion on Aerospace Stocks [caption id="attachment_1706" align="aligncenter" width="640"] Aerospace Stocks Wall St Opinion[/caption] Noticeably, the
Market Blog Technical Analysis

Tesla Stock Setting up for new Highs: Antonio’s Perspective

Stock appears ready to break above its all-time high at $327.66. I expect to see Tesla Inc (NASDAQ:TSLA) in the 340-360 target range short-term, but would not be surprised to see it above these levels by the end of this year. After a big price-volume surge in late March, the stock has consolidated in the last 2 months in the 290-330 trading range, which looks like it is ready to
Market Blog Technical Analysis

China Commercial Credit Inc (NASDAQ:CCCR) is HOT

Antonio's Perspective on NASDAQ:CCCR The stock has been on fire lately, surging up over 39% in the last week. After a big price-volume surge at the end of last month, pulled back a little in the first two weeks of this month, creating a falling wedge pattern. The upper line of that wedge was broken on Wednesday, on the heaviest volume in the last 15 days. The stock continued to
Market Blog Research Technical Analysis

Murmurs Galore For Globalstar Inc (GSAT) – A Consolidated View

Globalstar, Inc. (NYSEMKT:GSAT) saw its shares surged almost 20% to $2.29 per share yesterday on reports it could be up for sale. Antonio's Perspective Looking at GSAT stock's daily chart, we see that last week the stock broke and closed above an important resistance line and is poised to continue higher, towards the 2.92-3 area next. The technical chart also shows the stock is on a bull market, as the
Market Blog Technical Analysis

Watch Amazon (NASDAQ: AMZN) For Short-term Bullishness: Antonio Costa

Amazon (NASDAQ:AMZN) pulled back last week after recorded a new all time high of 954.40. The stock has been trading in a nice upward trajectory since early January and at this point the up trend is still intact. The daily RSI indicator has reached overbought territory in the last sessions, suggesting that after such a strong run the price is due to take a breather again, as happened in early