Quotes by TradingView

Saturday, May 2, 2015

Trade Ideas for Monday, May 04 $INTC $PAY $CBI $ON $SPLS $CHK $AMCC

Intel Corp.
INTC ---> The stock is going through a great Momentum! Technicals indicators are showing a strong bullish activity and a break above its Upper Bollinger Band Line and its First Major Resistance, can make it move fast to its Breakout area, situated at $34.50! Nice Long Setup to follow

VeriFone Systems Inc.
PAY ---> Now, that it made a strong breakout with high volume and crossed above its Upper Bollinger Band Line, VeriFone has the door open to make a nice upward movement! The price is rising with high Buying Pressure, with increasing Accumulation and with a very healthy Money Flow! Buyers are in charge!! Worth following

Chicago Bridge & Iron Co.
CBI ---> Looks poised to make a strong breakout! The price is colliding here and chart is showing some nice positive divergences! Like its Money Flow, very bullish, and like also its Accumulation, which is very high! Its 13.44% of short float can give to us a nice short squeeze! Keep closely

ON Semiconductor Corp.
ON ---> A break above its 30 day Exponential Moving Average will open the door for a possible fast upside movement to its Trend Line Resistance for a test! Chart indicators are giving nice positive divergences such as, its Fast Stochastic, which became bullish crossover, its high Accumulation or its very bullish Money Flow! It is gaining a nice Momentum! Stay tuned

Staples, Inc.
SPLS ---> It is a Breakout Candidate and a Potential Upside Runner with a very bullish chart! Nice Momentum that worth be watching

Cheasapeake Energy Corp.
 CHK ---> I followed it closely over the past week and looking for the chart i do not see any alternative but to continue to follow it! It made a strong breakout with heavy volume and is also, running out of its Upper Bollinger Band Line! For Monday, i´ll be watching for a break above of its First Major Resistance and if do that, what i believe that will do without difficulty, it can run fast into $17.40 area, which is located the next resistance area! So far so good! Shorts are becoming concerned! Great Momentum and possible great idea over $16.75
P.S. Earnings May 06 Before the Market Open

Applied Micro Circuit Corp.
AMCC ---> Breakout Candidate and Potential Upside Runner to watch! It has been negotiated under heavy bullish volume and chart is showing lots of potential to make a good run if it break above $5.50! Keep closely


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