( click to enlarge )
FireEye Inc (NASDAQ:FEYE) which had
been flagging for weeks off its upmove from mid-February, from the 36.8
area to around 46.50, broke out of the bullish flag on Friday with a
spike in volume. MACD starts the bullish crossover. Immediate resistance
at $44 followed by $46.44 (Previous High). Technically the chart is
very bullish. This will be a stock to watch going forward.
( click to enlarge )
Shares of Symantec Corporation
(NASDAQ:SYMC) soared 5.59% on Friday to 25.58 per share on report of
potential Veritas sale. According to Wall Street Journal, the
data-storage and recovery business could fetch more than $8 billion in a
sale. Daily technical chart looks really positive as the stock has just
crossed above all EMAs with MACD rising on top of signal line. In
addition, since RSI has not reached overbought level yet, there is still
plenty of room for the stock to go up.
( click to enlarge )
King Digital Entertainment PLC
(NYSE:KING) is on the way to the price target of $21 (Inverted Head and
Shoulders) after breaking the Neckline. A decisive rally above 16.93
next week will accelerate the stock higher to the 18-19 zone in the
short-term. The stock is technically bullish.
( click to enlarge )
3D Systems Corporation (NYSE:DDD)
has formed a Double Bottom pattern. The stock price is currently testing
the $30 level. A breakout from this area will stop the down trend and
the first price target is $33. The next resistance after $33 is
about $37.57, the 200-day EMA resistance. MACD continues to show a
clear positive divergence making higher highs and higher lows.
( click to enlarge )
GoPro Inc (NASDAQ:GPRO) is currently
testing down trend channel resistance. This level is also the 50-day
EMA. A break out above the upper line of the channel & 50EMA, will
be the beginning of an up trend. The MACD has just crossed the zero
line.
( click to enlarge )
BlackBerry Ltd (NASDAQ:BBRY)
rebounded nicely from the lower line of the range area around 8.60.
Technically and fundamentally Blackberry looks good for a bullish trade.
Daily MACD is back above signal line and RSI is about to clear 50%
level, which would reflect loss of the prevailing bearish momentum. Long
setup on watch.
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