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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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  • Stocks To Watch On Nov 21: GRPN, RIMM, TLAB 0 comments
    Nov 21, 2012 3:06 AM | about stocks: GRPN, BBRY, TLAB
    Stocks To Watch on Nov 21: GRPN, RIMM, TLAB

    Labels: GRPN, RIMM, TLAB

    (click to enlarge)
    Groupon, Inc (NASDAQ: GRPN) had a strong move today, up 8.53%, closing at $3.37. Parabolic SAR shows a new uptrend is coming. Watch out for bullish MACD crossover. I have a short term target of $3.68 which fills the gap formed earlier this month.

    (click to enlarge)
    Research in Motion Ltd (NASDAQ: RIMM) has continued its strong uptrend after breaking out yesterday with ascending volume. ADX is ticking up. Again, I believe the stock is reversing.

    (click to enlarge)
    Tellabs, Inc (NASDAQ: TLAB) jumped 2.21%. I might initiate a long position tomorrow due to the followings: (1) Parabolic SAR shows a uptrend is upcoming. (2) MACD is going to cross over, very possibly, tomorrow. (3) Double bottom pattern on BB. (4) RSI is at oversold level. My short term target for TLAB is $3.00, which is a round number and the previous high.

    Disclosure: I am long RIMM, NFLX, AGNC.

    Stocks: GRPN, BBRY, TLAB
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