Thursday, July 9, 2015

Trade Ideas for Friday, July 10 $ETSY $RAD $ACUR $APOL $CTCT $BITA


Etsy Inc.
ETSY ---> It made the second trade in a row with full power! Today, shares rose +11.34% with high volume, crossing up its 20EMA! Also, it closed at High of the Day, becoming in a Gapper Candidate for tomorrow!! Technically, the price looks very well supported, as is showing its Bullish ADX Crossover, RSI, which became to its Buying Area, and Parabolic Sar indicator are giving strong Buy Signal and Accumulation is rising as well its Buying Pressure!  Etsy is going through a high Momentum and its 50EMA could be the next stop! Worth watching


Rite Aid Corp.
RAD ---> It is setting up for New Higher Prices! The stock rose +4.96% with high volume, crossing up its 50EMA and its 20EMA! Also, it closed at High of the Day, which means, that the next trade session can open with a Gap Up! Rad is now approaching of its Trend Line Resistance, and a break above it with high volume again, will open the door to move higher! All technical indicators are curling up, showing an increase of its Momentum! Worth watching for the Breakout and consequently New 52-Week Higher

Acura Pharmaceuticals, Inc.
ACUR ---> It made a nice trade session today! Shares rose +3.49% and, with the good news released, Sabby Mgmt Showing 7.9% Stake, this upside movement should continue tomorrow! To follow closely



                                                                        Apollo Grp., Inc.
APOL ---> Following my Blog Post on Tuesday, this stock do not let me down, and is now well positioned to make an upside movement with the aim of closing the this Gap! Nice trade session on volume and with its RSI and its Fast Stochastic Crossovers stepping out of its oversold areas! Bounce Player to follow


Constant Contact Inc.
CTCT ---> If it realize the breakout ahead with high volume, it will stay well positioned to make a nice squeeze into its 200EMA! Long idea over $30.52


Bitauto Holdings Ltd.
BITA ---> Another stock that has been in my last Blog Posts and has responded very well to my expectations! It is a Bounce Player in action, which all technical indicators are now curling up, which means, that the price is gaining Momentum, and so, it is well positioned to continue this upward movement! 20EMA is the next test, which could happen already tomorrow! Worth watching

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