( click to enlarge ) Broadcom Corporation (NASDAQ:BRCM) broke its 50-day moving average last month. The moving average offered support, while the stock was trading above it and now offers resistance as the stock trades below it. The stock would have to close above 37 to retake this medium-term moving average and put the bulls back on track.
( click to enlarge ) Rite Aid Corporation (NYSE:RAD) stock broke falling price channel resistance with a big surge. For now, expect an initial run up to the 50-day MA at 1.68. ( click to enlarge ) XenoPort, Inc. (NASDAQ:XNPT) stock is building a base here with a "W" chart pattern which means it will go back up. Accum/Dist line is showing solid accumulation and MACD a positive divergence. As I mentioned on Twitter, I bought this stock today waiting for something BIG.
( click to enlarge ) US Airways Group, Inc. (NYSE:LCC) recorded a new high in today's session. Short-term outlook for the stock is bullish. Buy the stock in dips with a stop-loss at $8.95. The technical daily chart looks Bullish with both 20, 50 and 200 daily moving averages going up and MACD on top of 0, RSI in a Bullish area too. During the day I tweet many times to my readers. I encourage everybody to subscribe AC Investor Blog twitter and newsletter, so you can receive my trade ideas and stock news in real time. 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.