( click to enlarge )Ebix Inc (NASDAQ:EBIX) remains extremely oversold and is gaining momentum. We have all seen how quickly the stock can head higher, when the buyers come. I believe the stock is ready to post a sizeable bounce and I do not see any resistance on the technical chart until $12. A stop loss should be placed below 9. Keep it on your radar this week.
( click to enlarge )Research In Motion Ltd (NASDAQ:BBRY) closed back over the 50-day exp moving average, ending the day at $14.56 with decent volume. The immediate support level is now adjusted to $14.18 followed by $13.61 and the short-term resistance continues to be located at $15 followed by $16.2. Several indicators are giving buy signals.
( click to enlarge )Pandora Media Inc (NYSE:P) seems in a good short-term bullish momentum. Key resistance is now located at $17.54, a break above this level will confirm the bullish trend, and the following uptrend will take price up to $19 zone. RSI is strong and headed up towards the 59 level, which is a sign of growing strength in the stock. Also, the MACD is giving a positive indication. On watch.
( click to enlarge )This stock deserves some consideration as a bounce candidate. SolarCity Corp (NASDAQ:SCTY) has been holding up well over the 32.5 area for quite a while. Any close above the recent pivot high of 37.98 will reinstate bullish trend. On watch.
( click to enlarge )Morgans Hotel Group Co. (NASDAQ:MHGC) Chart looks bullish. Keep an eye for a possible breakout over $8.05
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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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