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  • Nov 08: IDCC, DDD, AGNC  0 comments
    Nov 9, 2012 2:44 AM | about stocks: DDD, IDCC, UVXY, AGNC

    Friday, November 9, 2012

    Nov 08: IDCC, DDD, AGNC

    (click to enlarge)
    American Capital Agency Corp (NASDAQ: AGNC) has been under massive sell-off after its earning reports and lowering forecasts from rating companies. It showed some green action today. Slow STO and RSI are now both under oversold level. I think any closing outside the lower Bband could be a short term bullish signal. After all, it is a REIT yielding 9%+. From the past performance of AGNC, as well as other strong uptrend stocks falling sharply, they makes a run days after RSI reaching 30.0 level. For a faster referral, look at DDD below, which also shows the same pattern.

    (click to enlarge)
    3D System (NYSE: DDD) One of my all time favorite again. Just made a 52w new high, closing at $46.02. RSI and Slow STO showing overbought signal, so any pullback can be a great entry. All moving averages are pretty healthy. Rumor says the military is ordering supplies from this company.

    (click to enlarge)
    InterDigital, Inc. (NASDAQ: IDCC) heated up from $33.06 to $43.09 within 10 trading days. Luckily, I have sold my shares two days ago, which happens to be the trading day with highest closing recently. Gotta admit, it is totally by luck and chance to pick the highest day. But I still believe IDCC would undergo some form of correction in the coming trading days, at least to the level of $38.00 (the previous top). My intuition from Bband is simple. Any action away from upper and lower Bband, especially a candlestick not touching the bands at all, signals for a correction or reversal. I have found it quite accurate way of looking at IDCC specifically.

    Disclosure: I am long DDD.

    Additional disclosure: I may initiate a long position on AGNCE in the next 72 hours.

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