Six stocks I like for next week
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EXCO Resources Inc (NYSE:XCO) displayed relative strength last week and broke out above resistance at the $6.76 level. XCO still showing strong accumulation on up days with high volume and selling on low volume. The overall outlook for the stock appears bullish IMO. Only a close below $6.5 would negate the bullish outlook for the stock. A close above $7.17 would reinstate short-term bullish trend that could propel the stock to the next target zone of $7.88.
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FormFactor, Inc.(NASDAQ:FORM) looks to have solid support at these prices and should start to trend higher from here. It's trading within a rising channel. FORM's stock has just touched the bottom of the channel and rebounced from there. In addition, the accumulation line starts to turn up, RSI is above 50 and has broken above its downtrend line. This company is in the midst of a turnaround and I expect the stock price to start to rise in anticipation. Early this month DA Davidson initiated the stock with a "Buy" rating and a price target of $12. They believe FormFactor is ready for "a return to profitability as the industry recovers and could more than double within just a year.
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Agnico-Eagle Mines Limited (NYSE:AEM) - I had this stock on my watchlist and it did not disappoint. The stock rallied from its Monday morning lows of $31.98 to $39.98 on Friday. That's a +24% rise. At this point, a short-term pullback would not surprise, but as long as price does not break below $34.56 the outlook is positive.
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Career Education Corp. (NASDAQ:CECO) is still in bottoming mode it looks like. The technical indicators are looking better now for the stock. The MACD is starting to rise, confirming a bullish divergence has taken form. Short-term levels to watch tomorrow $7.47 and then $7.85.
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PulteGroup, Inc. (NYSE:PHM) broke out on Friday and traded nearly 2x normal daily volume. The stock has the potential to make a big run next week, so keep a close eye on PHM and don’t miss the trade.
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Ascending triangle in formation in Kohl's Corporation (NYSE:KSS) daily charts. One can enter above $52.30 for a target of 57 keeping the stoploss at 49.85. Decreasing volumes and increasing RSI indicator adds strength to the pattern in formation.
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Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information 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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