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Stocks to Watch for April 07, 2014

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Best Buy Co., Inc. (NYSE:BBY) displayed relative strength on Friday closing above its 50-day exponential moving average for the first time since December 2013. If the stock price remains above this level, investors/traders will assess this development as a sign of strength. From the technical analysis perspective, the short-term outlook for the stock is relatively bullish. RSI, MACD and CMF charts are flashing bullish signal for Best Buy. Immediate short-term resistance for the stock is at 28.02. Next resistances are at 29.66, and 30.27.

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Rambus Inc. (NASDAQ:RMBS) is currently in a short-term uptrend within a rising channel. This trend remains in place as long as the stock trades above the bottom line of channel. Traders with a short-term perspective can consider holding RMBS with stop-loss at 11 levels. I still like this stock long term.

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Zynga Inc (NASDAQ:ZNGA) The stock is finding support at its 200-day exp moving average, currently at 4.15. If it stock manages to sustain above this key support level, it can remain in the 4.15-4.50 range for a few days. Immediate resistance is at 4.43. A strong break of the 100-day EMA is required for the short-term outlook to turn positive. Important resistances above 4.43 are at 4.56 and 4.70.

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Xcel Energy Inc (NYSE:XEL) jumped 1.93 per cent last week, breaking decisively above the 30.54 mark. Looking at the technical chart, the short term trend has turned positive. Investors can initiate long positions with a stop-loss at 29.95. The daily MACD indicator has formed a bullish crossover, so expect further upside to 31.

During the day I tweet many times to my readers. I encourage everybody to subscribe AC Investor Blog twitter and newsletter, so you can receive my trade ideas and stock news in real time.

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.



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