Twitter is still acting great ever since their 201402 earnings breakout. Investors wanting a loose stop can comfortably put one at $42.75; while more aggressive traders can place one around short term support of $44.30. $TWTR announced that they will launch an E-commerce platform after the market closed this past Friday. This could result in a gap up Monday morning. My first target is $48 for this name, but I like for it to breakout above $48 as well, and think we can see low $50's in the near term.
YY Inc. is a "hot" Chinese internet stock. $YY bounced off it's 21 day exponential moving average and formed a bullish engulfing candle on the daily chart and also formed a bullish engulfing candle. RSI is pointing upwards and all time highs are just above at $89.70. Entry is placed slightly above the bullish engulfing candle high ($87.93), stop at $84. I'm looking for a breakout and potential push to $100. $90 is my first target.
Proto Labs Inc. is one of the larger (market cap of 2 Billion) 3D printing names in the space. $PRLB formed a piercing line candlestick pattern on the daily after a steady short term downtrend. I'm watching for confirmation of the bullish reversal and will enter on a break of the top of the candle at $77.36. Stop at $75.80.
Huntsman Corp is a major diversified Chemicals company. $HUN formed an evening star candlestick formation on it's daily chart, and also closed below it's 50-day moving average which it hasn't been able to recapture with any conviction since a Mid-July break. Stochastics just touched overbought territory and are now pointing down. My entry will be at $27.12 (right below the low of Friday's candle) assuming it doesn't gap down too far. Stop at $27.80 (top of the star) and first target is $25.75.
BJ's Restaurant Inc. is competing against the likes of McDonald's, Starbucks, Yum, etc. No small feat. Equally as worrisome is the bearish engulfing candlestick it formed on Friday after a nice uptrend. It also appears to have possibly formed a near term double top, albeit a fairly crude looking one. I'm watching for confirmation and will enter $BJRI on a break of Friday's low at $35.70. Stop at $37.25. Last but not least, is it me or is that a horrible name for a restaurant? Maybe I should get my mind out of the gutter...
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Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in NC Investor Blog is often opinionated and should be considered for informational 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.
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