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  • Stocks To Watch On Dec 06: AAPL, EDU, IDCC, NOK, SPY 0 comments
    Dec 6, 2012 7:28 AM | about stocks: AAPL, EDU, IDCC, NOK, SPY

    Stocks to Watch on Dec 06: AAPL, EDU, IDCC, NOK, SPY

    Labels: AAPL, EDU, IDCC, NOK, SPY

    (click to enlarge)
    Apple, Inc (NASDAQ: AAPL) breaks below its ascending triangle, reversing its uptrend, as I mentioned yesterday on my blog. Today, it falls 6.43% and another half percent during after hours. MACD is falling quickly and will soon be having a bearish cross. CMF is falling again. The picture on Apple is not nice. I shorted AAPL today. I have a target of $500 by the end of this week.

    (click to enlarge)
    New Oriental Education (NYSE: EDU) has almost filled all of its gap after its accouting scandal. By the look of the huge drop in two days, touching lower Bband with low readings on RSI and Slow STO. Although I think this stock is due for some correction. I am nothing saying the uptrend still enacts, prices touching lower bband can consider as a BUY signal (by textbooks)

    (click to enlarge)
    InterDigital, Inc (NASDAQ: IDCC) breaks above $44.00 today. 200 day moving average seem to come to a saucer bottom. MACD and CMF are holding up pretty well.

    (click to enlarge)

    S&P 500 (NYSE: SPY) This is my first time covering technical analysis on stock index because today's move is very interesting and bullish on chart. Today's low hits $140.00 (or Index:1400) yet closing slightly above yesterday open/close. Resistance is found under 50 day moving average but it seems like SPY is making higher lows. After all, I am bullish on stocks towards to the end of 2012.

    (click to enlarge)

    Nokia Corp. (NYSE: NOK) raised 12.79% today with huge volume and 2% more in after-hours. 200 day moving average might be bottoming. MACD is ticking up. Faster moving average crossing slower from below could trigger another buying power. But I think NOK is due for some correction, as this stock rarely stays over 70 on RSI for longer than 2 days.

    Disclosure: I am short AAPL.

    Themes: AAPL, EDU, IDCC, NOK, SPY, Technical Analysis Stocks: AAPL, EDU, IDCC, NOK, SPY
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