Monday, May 11, 2015

Watchlist for Tuesday, May 12 $BBY $MET $APOL $SPPI $X $GRMN $CBB $MCHX $BBRY

Best Buy Co, Inc.
BBY ---> I´ll be watching for a confirmation of the break above its 50EMA and a upside movement into its first strong Resistance level, which is located at $37.52! If it make a break up on volume of this level, then, the room to climb is huge! Chart looks good, with a nice Bullish MACD Crossover, ADX is about to be too, both showing that price is well supported and RSI, which came back to its buying area! BBY is gaining Momentum, so, keep closely over $37.52

Metlife, Inc.
MET ---> The price made a nice breakout with high volume, crossing up too, its Upper Bollinger Band Line! It reached a strong resistance area and looking for the chart, it has everything break this level and continue to rise! Accumulation is very high as well its Buying Pressure! MACD and ADX, both very positive, are showing the strength of the price! Long Idea over $53.40

Apollo Grp., Inc.
APOL ---> Long idea to watch over $17.64!! The price has reached the bottom and now, technical indicators are displaying nice positive divergences that could give to us an a strong upside movement! It is a Potential Bounce Player to watch

Spectrum Pharmaceuticals, Inc.
SPPI ---> It made a strong trade session with high volume, crossing up its 20EMA and its 50EMA! For tomorrow, ill be watching for the confirmation of the break above its 50EMA and the breakout over $6.18! If do that, we may have a strong short squeeze, once it has 36.13% of Short Float! Breakout Candidate and Potential Upside Runner into to next resistance, located at $6.50, to watch tomorrow! Keep Closely
USX-US Steel Group, Inc
X ---> It is poised to reach its Trend Line Resistance! It made a strong trade session with decent volume crossing up its 20EMA and its 50EMA! The price is showing strength, as we can see by its MACD, which is about to be Bullish Crossover, by its ADX, which is Bullish Crossover, and by its RSI, which came back to its Buying Area! In short, USX-US Steel is gaining a nice Momentum! I´m very interested to see also, if it can break above the level $27.08! It will gain a large room to climb and as it has 30.06% of Short Float, the climb could be hard! Stay tuned

Garmin Ltd. 
GRMN ---> Nice trade session with decent volume crossing up its 20EMA! It closed at High of Day, showing that tomorrow, it can open with a Gap Up! I like this chart, where is showing some nice positive divergences! Its RSI, which came back to its Buying Area, and its Bullish MACD Crossover are giving a strong Buy Signal, and Accumulation, which is growing again! Buyers are back ! Worth watching

Cincinati Bell Inc. 
CBB ---> Gapper Candidate and Potential Upside Runner to watch! Nice action today on volume crossing up all EMAs! Strong Accumulation on this stock! Keep closely

Marchex, inc.
MCHX ---> Well, after the strong trade session of today, i´ll be watching for continuation tomorrow! If break above its 200EMA with volume, it can repeat easily the rally of today! Large room to climb then! Let´s catch the Momentum! Long idea over $5.29

BlackBerry
BBRY ---> It is Breaking Out with massive bullish volume! Tomorrow, í´ll be watching for another strong upside run toward the $11.00 level! Chart speaks for himself!  Long idea over $10.55


Disclaimer

All charts posted here are merely tools to study based on major technical indicators!! It is up to the reader to decide whether the stocks mentioned above are appropriate for your strategy! I warn that the good performance of a stock not depends only the technical data and I can not responsible for any trade that goes wrong!! Follow me on Twitter and Stocktwits, during the day I post some good ideas of trade

Regards

FonsieTrader