Market Blog Technical Analysis

Good solid stock moving higher: Antonio’s Perspective

I've alerted my twitter followers about the potential bounce off the rising 50-day exponential moving average in FireEye Inc (NASDAQ:FEYE) shares on Thursday and the stock has come up to my expectations as it was among the top gainers of Nasdaq exchange during Friday’s session. It ended the day at $15.38 trading more than 5M shares on decent volume. As you can see from the daily chart posted above all indicators are now crossing
Market Blog Technical Analysis

Citigroup: Consolidation for further upside

Antonio's Perspective Citigroup Inc (NYSE:C) broke out to new highs on large volume last week. This breakout brings high probability for a trend continuation. Daily Technical indicators suggest the stock is currently overbought and should consolidate at current levels to work out the overbought signal. Fresh exposures may be considered on price weakness, using the rising 20-day exponential moving average currently at $64.09 as the stop-loss. A close above $67.75
Market Blog Technical Analysis

AKS Possible trend reversal ahead

Antonio's Perspective Shares of AK Steel Holding Corporation (NYSE:AKS) jumped 35 cents, or 5.56% yesterday, closing just slightly below its declining 200-day exponential moving average (key resistance point). The rally was accompanied by high volumes, which is a very good sign for a continuation of the trend. If that level is broken next week on volume, the stock price short-term could accelerate towards the 7.54-7.70 zone, which represents the next
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
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 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