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Apple Inc. (NASDAQ:AAPL) failed to break through its key technical support level for the second time and may be close to reversing course here in the short-term. The stock is in a clear downtrend mode and it is still to early to say that this downtrend has ended, however the daily technical chart is showing signals of extremely oversold conditions which can lead to powerful rallies in response. Let’s see if it reverses.
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PPL Corp (NYSE:PPL) shares finally broke out above their previous high in April. The big picture has drastically changed now, the medium-term trend remains bullish and in shorter time frames the stock has just breached the horizontal resistance line confirming a breakout. As long as the stock trades above $38 I will be looking for long opportunities.
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Parkway Properties Inc (NYSE:PKY) has a daily technical chart set to breakout. As of current, the MACD has crossed above the signal line, triggering a buy for the short-term. Breakout watch over $17.26
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Cypress Semiconductor Corporation (NASDAQ:CY) Big bullish candle on expanding volume today. Looking good to go higher. Monday’s high of $9.61 is resistance for the next upside move. If the stock can break through this level, we should see a strong move. CY can be a good trading stock, so keep it on your radar for the next few days.
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Bloomin’ Brands Inc (NASDAQ:BLMN) is flagging here. Watch for a break of 19.38 to continue the uptrend.
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Keep an eye on Sierra Wireless, Inc. (NASDAQ:SWIR) and monitor its volume for any potential breakouts. If the stock can manage a breakout above 16.52 on high volume, it would be a great buying opportunity but only on a breakout.
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xG Technology Inc (NASDAQ:XGTI) is a penny stock that could head higher from today’s close. XGTI surged on massive volume. It continues to garner some attention. At some point the stock will explode to the upside. Keep it on your watch list. A break of $.11 with force might give the stock room to $.20
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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.
Thanks for visiting AC Investor Blog.
AC
Source:
http://ac-investor.blogspot.com/2016/05/stocks-to-watch-for-may-03-2016.html
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