( click to enlarge )Nice pattern setting up in Arch Coal Inc (NYSE:ACI). It could breakout soon. The stock has been supported by its rising 13-day MA, which is currently just below the 7 level. A close above the intermediate-term resistance at 7.78 would be a strong positive signal for the medium-term trend. Additionally, the MACD continues to rise while maintaining its buy signal as well. Buying momentum is still positive and strengthening. On watch.
( click to enlarge )Yamana Gold Inc. (NYSE:AUY) setting up for a potential break here.Go long on a close above 15.40
( click to enlarge )Strong stock lately, PDL BioPharma Inc. (NASDAQ:PDLI) could make another break higher soon. Long over 7.11
( click to enlarge )Cemex SAB de CV (NYSE:CX) has been having big volume on up days and lower volume on down days, telling me that this is a good candidate for a Long. Looking for another possible move up. Definitely one to keep a watch on next week for a potential breakout.
( click to enlarge )General Electric Company (NYSE:GE) has been a strong stock the past several weeks and could be ready for more. Could be a nice breakout coming soon. Resistance is $21.19. At this stage it is definitely a wait and see if the resistance will be easily taken out by the bulls.
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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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