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Gary Johnson L
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My Blog: http://gary-investing.blogspot.com/ Twitter & StockTwits: GaryLee_HK
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  • Oct 24: GRPN, ONVO, APP, FB, YELP, ASPS 0 comments
    Oct 25, 2012 6:55 PM | about stocks: GRPN, APP, FB, YELP, ASPS, BG, BIIB, CAB, CCE, CELG, CL, CME, CMS, CNX, COP, CRR, CS, CVE, D, DBD, DDD, DNKN, EQT, GG, GTI, HERO, HOT, HSY, IMAX, IP, JBLU, JNS, LINE, LKQ, MCK, MJN, MO, MYL, NBL, NOV, NS, NVS, NXPI, NYT, O, ORI, OXY, PCAR, PCP

    Oct 24: GRPN, ONVO, APP, FB, YELP, ASPS

    (click to enlarge)

    • American Apparel Inc. (AMEX: APP) have definitely have found some support from $1.10 level. $1.10 has been resistance two times in the past. Now turning to a support is a bullish sign for APP.
    • RSI might be turning around.
    • Giving the $1.10 strong support, any appreciation could be meaningful to this stock. However, for safer play, you can entry at $1.25. which is above 50 day moving average.

    (click to enlarge)

    • Atisource Portfolio Solution S.A. (NASDAQ: ASPS) broke out from the rectangle pattern with heavy volume, closing at $124.33
    • Today's high just about touched upper Bband (Bullish signal)
    • MACD turning positive
    • Slow STO and RSI at high level, signaling this stock might undergo some consolidation (horizontal move) or correction.

    (click to enlarge)

    • Facebook, Inc (NASDAQ: FB) Needless to tell you about its earning and active users growth. One beating report does not mean its business model is sustainable. But it could be a start. I am still very skeptical on Facebook stock with PE ratio higher than 70 times
    • However, Technical, today's move could be quite bullish. Touching upper Bband, STO. RSI turning around, as well as MACD crossover

    (click to enlarge)

    • Groupon, Inc (NASDAQ: GRPN) is still dropping after today's rally on internet stocks. I don't see much signal from the chart besides bearish ones. My positions stopped out days ago after crossing below 50day MA.

    (click to enlarge)

    • Organovo Holdings, Inc (NYSEMKT:ONVO) Pretty much a roller coaster stock. Its book of business is similar to DDD, SSYS. Fundmental prationers can do comparable analysis on their financials.
    • Technically. RSI shows some support on 50 level. Slow STO is making higher lows and higher highs. After the job from $2.00 to $3.39. the stock now closing at $2.44 after today jump for 2.52%. I am looking this stock to trade sideway or within a range within the coming weeks

    (click to enlarge)

    • Yelp, Inc (NYSE: YELP) failed to break out the consolidation pattern from above. The stock today jumped 7.38%. I would not have caught my attention until today's jump.
    • Today's jump shows YELP has found strong support from 33% Fibonancci Retracement level. Here is the calculations: (High-Low)/ Previous Low =(29.48-23.72)/17.5 = 32.7%. Pretty precise. I am looking forward to seeing more upward price movement in the coming weeks.
    • RSI ticking up. Slow STO shows oversold signal.

    Notable earnings before Thursday's open: ABB, AET, AUO, AVT, AZN, BEN, BG, BIIB, CAB, CCE, CELG, CL, CME, CMS, CNX, COP, CRR, CS, CVE, D, DBD, DDD, DNKN, EQT, GG, GTI, HERO, HOT, HSY, IMAX, IP, JBLU, JNS, LINE, LKQ, MCK, MJN, MO, MYL, NBL, NOV, NS, NVS, NXPI, NYT, O, ORI, OXY, PCAR, PCP, PDS, PG, PHM, POT, PTEN, RCL, ROC, RTN, RYN, S, SHW, SPG, SWI, TKR, TSM, TZOO, UA, UAL, VLY, VPHM, XEL, ZMH

    Notable earnings after Thursday's close: AAPL, AMZN, APKT, BAS, BMRN, CA, CB, CERN, CINF, CLD, CLWR, COG, CRBC, CSTR, DECK, DV, EDR, EMN, EXPE, IM, INFA, KFN, KLAC, MXIM, MXWL, N, OLN, PFG, PWER, QLIK, RGC, SPF, VAR, VRSN, WRE, WWWW

    Disclosure: I am long IDCC, DDD, UVXY.

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