Trade Setups for Wednesday 27th June 2012

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Sprint Nextel Corporation (NYSE:S) Pulled back to breakout area. It could find support here and resume the uptrend. Only a close below $3 would change the short-term outlook to bearish for the stock. The daily chart also shows a golden cross where the 50 day moving average breaks above the 200-day average. 
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FormFactor, Inc. (NASDAQ:FORM) - Nice cup and handle formation on the chart, which suggests a further move upwards. Just need to break 6.63 and we could see a really nice move IMO . We can keep a stop loss at 5.76 on a closing basis.

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InterDigital, Inc. (NASDAQ:IDCC) - For what it's worth, the stock cleared this bull flag consolidation pattern on increased volumes. The bounce from the 50-day MA makes it more authentic. The MACD is in buy signal and the RSI is moving up showing renewed strength. Ready for higher prices.
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Groupon Inc (NASDAQ:GRPN) - The 50-day moving average needs to be broken as resistance for some momentum to pick up. 
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Grand Canyon Education Inc (NASDAQ:LOPE) is looking pretty good breaking out of a bull flag pattern.
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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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AC
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