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  • Watchlist For March 22: SPY, ZNGA, DDD, BV 0 comments
    Mar 22, 2013 2:05 AM | about stocks: SPY, ZNGA, DDD, BV
    Watchlist for March 22: SPY, ZNGA, DDD, BV

    Labels: BV, DDD, SPY, ZNGA

    (click to enlarge)
    SPY has failed to make a new high with a bearish MACD crossover. A pullback to MA(50) level is expected. Consider short SPY to hedge some risks.

    (click to enlarge)
    DDD has been traded sideway for days after it drops to 200 day moving average. Thursday, it closes above MA(200) by one dollar per share. Bullish MACD is around the corner. RSI is recovering. I expect a bounce back to $34.00 but not a reversal of downtrend since MA(50) starts to be pointing downwards.

    (click to enlarge)
    ZNGA, one of the most discussed stocks on Twitter today, along BV. MA(50) is rising quickly and we would have a Golden bullish cross by the end of next week. ZNGA is trading at very low volume. Stop just below MA(200) or MA(50) at your choice and risk tolerance.

    (click to enlarge)
    BV, as many of your might know, it has a pretty clear breakout on a double bottom pattern, with a volume setup just like the one in Textbooks. Most volume on the first trough and big volume on breakout. Despite, it pulled back a little bit today, I remain bullish and I have a stop order at $7.20. I have a target to $9.00 in less than a month.

    Stocks: SPY, ZNGA, DDD, BV
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