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Gary Johnson L
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  • 03/04: IDCC, ZNGA. AAPL, NFLX, KRFT, GEL 0 comments
    Mar 5, 2013 12:38 AM | about stocks: IDCC, NFLX, KRFT, GEL


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    Zynga, Inc. (NASDAQ: ZNGA) has its candlestick entirely above MA(200) for the first time!!!!. It is absolutely a golden cross and I can't wait for more action on ZNGA. Positive MACD and Rising on balance volume.

    To read my analysis of ZNGA since this year, you may visit

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    Apple, Inc. (NASDAQ: AAPL) Many of my regular readers know that I started shorting AAPL since $600.00 and has a target of $400 to close my position. I suspect when the price hits $400 benchmark, we would see similar action like the one we saw in Nov2012 when AAPL hit $500. Yes! A huge bounceback. Analyst and people will start to evaluate and "Oh! AAPL is way too undervalued. etc". It could be a while before the downtrend continues after hitting $400.

    (click to enlarge)
    InterDigital, Inc. (NASDAQ: IDCC) has made a new 52-week high today. Take a look at how IDCC behaves when it had a bullish MACD along as a breakabove. Yes! Big action. I think IDCC will be heading north very soon. Note that volume is graduating increasing for a week already.

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    Netflix, Inc. (NASDAQ: NFLX) broken below a triangle pattern today with a highest volume in a week. I suggest taking profits at this level before it is too late.

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    Now. I want to just briefly mention 2 stocks with a strong trend. Kraft Foods Group, Inc (NASDAQ: KRFT) Increasing OBV, Positive MACD and makes a new 52week high today.

    (click to enlarge)

    Genesis Energy LP (NYSE: GEL) Bullish MACD Crossover. 52week new high is made. The volume is very level and action is very strong.

    Disclosure: I am long IDCC, ZNGA.

    Additional disclosure: Short AAPL and no position otherwise.

    Stocks: IDCC, NFLX, KRFT, GEL
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