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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 For This Week: NFLX, ZNGA, DDD, APP, USO, TYC 2 comments
    Apr 8, 2013 12:21 AM | about stocks: NFLX, ZNGA, DDD, APP, USO, TYC
    Stocks to watch for this week: NFLX, ZNGA, DDD, APP, USO, TYC

    Labels: APP, DDD, NFLX, TYC, USO, ZNGA

    (click to enlarge)
    Netflix, Inc (NASDAQ: NFLX) has been dropping 7 trading days in a row with big volume. Bearish MACD crossover. It seems to be that NFLX is falling part in the short run. It should be no surprise to see NFLX dropping to $140 before showing some support and bounce-back.

    (click to enlarge)
    Zynga, Inc. (NASDAQ: ZNGA) is holding well above MA(50) as well as MA(200) after breaking above a short term downtrend with great volume. Get reason for even more action as Bullish MACD crossover is around the corner. Since $4.0 would be a great resistance, I suggest to have a limit order set to liquidate partial positions at that price.

    (click to enlarge)
    3D Systems Corp (NYSE: DDD) shows some support from 50-period moving average on WEEKLY chart. DDD has been dropping crazily recently, trade with a stop order. I suggest a stop just below $27.88.

    (click to enlarge)
    United States Oil Fund, LP (NYSE: USO) Similar to what I have discussed about USO on March 20's post, I think USO is undergoing Elliot Wave C, which is the biggest and longest drop in the Elliot Theory. USO has crossed below MA(50) as well as MA(200) and had a bearish MACD crossover last Friday. I target $30.00 in a month.

    (click to enlarge)
    American Apparel, Inc, (AMEX: APP) has been getting more attention and volume since March. Pennant pattern shown on chart and APP is falling on decreasing volume. Get reason for a breakabove and huge move. I target $2.80 for now.

    (click to enlarge)

    Tyco Intl Ltd (NYSE: TYC) shows a double/triple top pattern. It crosses below MA(50) again. Bearish MACD Crossover. Still not very bearish to make shorting it a good trade, but I suggest stockholders liquidating their shares for now.

    Thank you for visiting

    Gary Investing Blog

    Disclosure: I am long ZNGA, APP.

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Comments (2)
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  • Walshy25
    , contributor
    Comment (1) | Send Message
     
    What do you suggest for SPWR? I went long and now there has been a major drop. Should I sell and but my loses?
    8 Apr 2013, 10:48 PM Reply Like
  • Gary Johnson L
    , contributor
    Comments (22) | Send Message
     
    Author’s reply » I would definitely told you to sell it if I read your comments yesterday or the day before. But now, I think you are relieved. And your next question should be " Is the downtrend reversed?" I think yes.
    10 Apr 2013, 03:26 AM Reply Like
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