Thursday, August 6, 2015

Watchlist for Thursday, August 06 $RMBS $FIVE $MBT $LB $PGRX $AMD

Rambus, Inc.
RMBS ---> Could make a nice squeeze if it confirm the break above its Upper Bollinger Band Line and above its 50EMA with high volume!! Chart is displaying strong positive divergences, showing to us a nice upside potential!! Keep closely over $13.755


Five Below, Inc.
 FIVE ---> It made an interesting trade session with decent volume, leaving the solid base formed around of its 200EMA and crossing up its 20EMA and 50EMA!! With 17.39% of short float and strong positive divergences demonstrated in chart, we may have here, a serious Upside Runner Candidate!! Long Idea over $38.56


Mobile TeleSystem PJSC 
MBT ---> Big Breakout on watch, over $8.35!! If do that with high volume again, it could reach its 50EMA easily!! Nice Bullish Chart!! Stay tuned


L Brands, Inc.
LB ---> Following my last Blog Post, this stock was nice yesterday, and now, it is setting up for a upside run if confirm the break above its 50EMA and then, the break above its Down Trendline with high volume, again!! Technically, it is showing a fantastic Bullish activity in the stock! Keep Following 
P.S. L Brands Reports Jul. Sales $759.5M, Comps Up 3%; Raises Q2 EPS Outlook from $0.60-$0.65 to $0.66-$0.68 vs $0.68 Est.

PRGX Global Inc.
PRGX ---> After the great performance of the last two days, i´ll be watching now, for a possible Big Run if it break above its 200EMA!! Worth watching this Gapper Candidate 


Advanced Micro Devices, Inc.
AMD ---> With its 50EMA proving to be a strong support area for now, it is on the verge again for another Big Squeeze!! Keep closely over $2.21, this Gap can be Filled quickly!!

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