( click to enlarge )LinkedIn Corp (NYSE:LNKD) chart pattern looks to be forming a rising wedge, which is considered to be bearish. Additionally, there are also bearish divergences on the Relative Strength Index, Moving Average Convergence Divergence and in the CMF, probably bound for correct.
( click to enlarge )Pandora Media Inc (NYSE:P) failed to break above its 50 & 200-day EMAs on Tuesday's session. The stock shows bearish outlook with its weak structure on daily charts. Momentum indicators are also point to continuation of weakness. The failure to find support at 25.39 is likely to drag the stock further.
( click to enlarge )International Business Machines Corp. (NYSE:IBM) indicators are showing some signs of weakness. If it breaks below the 50-day exp moving average at $189.21, the stock could easily plunge right through the $186.5 level.
( click to enlarge )Amazon.com, Inc. (NASDAQ:AMZN) broke and closed below the 200-day EMA for the first time in 4 weeks on higher volume. The stock is likely to test immediate support at 320.
( click to enlarge )Intel Corporation (NASDAQ:INTC) False breakout on Monday and the stock is now testing the bottom of a potential rising wedge pattern with macd's heading down.
( click to enlarge )Vipshop Holdings Ltd - ADR (NYSE:VIPS) closed below its major short-term EMA's with MACD about to cross below zero line for the first time since May. It might retest the 50-day EMA at 203.85
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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
