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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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  • 04/29: DDD, AAPL, GOOG 0 comments
    Apr 30, 2013 1:22 AM | about stocks: DDD, GOOG
    04/29: DDD, AAPL, GOOG

    Labels: AAPL, DDD, GOOG

    (click to enlarge)
    Big move today on Apple, Inc, jumping 3.10%. But 50-day moving average has been a very strong resistance on AAPL since last October when the stock turns around from its peak $700 level. I remain bearish on AAPL until it closes above $450.

    (click to enlarge)
    Finally some definitive signs of trend reversal on the recent downtrend on DDD. It has found support from 200SMA and crossed above 50SMA with a little pullback. Today it runs up 3.47% closing at $35.77. I think DDD can reach $40.00 in two weeks. Bullish MACD Crossover took place last week.

    (click to enlarge)
    Google, Inc. (NASDAQ: GOOG) Once I gave a sell signal on GOOG on Twitter because it significantly crosses below the 50SMA, but I would like to give a buy signal as GOOG turns out to get back above 50SMA with a pullback testing it validity. Bullish MACD Crossover.

    Disclosure: I am short AAPL.

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