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Novatel Wireless, Inc. (NASDAQ:NVTL) presents a potentially lucrative opportunity with several technical indicators suggesting it could make a big run next week. If the resistance is as light as it appears, early entrants could yield strong gains. On a technical note, up/down volume pattern indicates that the stock is under Accumulation. The 50 day Moving Average is rising which is Bullish. In addition, Moving Average Convergence/Divergence (MACD) indicates a Bullish Trend. In the past few sessions, I have noticed extreme consolidation but not on large volumes. So, since it is trading at its support levels, there is an increasing likelihood to witness an increase in market valuation. The stock is currently close to resistance from the descending trendline starting in February. A break and close above should open the way to $6.42. Watch NVTL trade since it could spiral upwards.
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Apple Inc. (NASDAQ:AAPL) stock looks good from a technical perspective. The stock’s 200-day SMA is rising which indicates the stock will trend higher. The up / down volume pattern indicates that the stock is under accumulation, meaning big institutions and large investors are buying up the stock. AAPL is acting very good and poised to clear the $365 area.
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Agrium Inc. (NYSE:AGU) - Watching for $90.55 breakout on a good intraday setup.
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STEC, Inc. (NASDAQ:STEC) - Technical indicators are displaying good signs. Buy at the break of $18.45 and target $21.70. Stop below $15.85.
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TEKELEC (NASDAQ:TKLC) - A break and close above $9.27 would be a longer term bullish sign for the stock.
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