( click to enlarge ) This stock caught my eye last month when price broke out of a solid looking chart pattern near 9.25/share and have been watching patiently ever since. Zagg Inc (NASDAQ:ZAGG) is setting up in a nice pattern after it recently broke through resistance and is showing signs of support around $10/share as well as sitting on the 10 MA. Short term profit target for this stock is my next resistance point around 11.60. For now, technical indicators are supporting the bulls. MACD is positive and above the signal line. RSI is above its 50% level and CMF is also positive. As I said before, I'm long on ZAGG and I will add more shares on a move above $11.
( click to enlarge ) Apple Inc. (NASDAQ:AAPL) had a huge rally over the past several days on heavy volume. The stock is displaying a strong upside momentum again. Nearest resistance for the stock is the psychological level of $500. If this level is crossed and the stock is able to sustain above this level, then it might go to $520. On the downside, the stock has support at $480. The stock is currently in a new uptrend. The technical daily chart is showing a strong bullish bias. On Balance Volume is increasing, indicating accumulation of shares in the market and MACD is indicating upward swing. Watch AAPL closely on Monday.
( click to enlarge ) JDS Uniphase Corporation (NASDAQ:JDSU) has an awesome looking stock chart price broke out from the horizontal resistance mark around $13.70 on heavy volume, signifying this is a legit breakout and this bull move will continue. ( click to enlarge ) Pharmacyclics, Inc. (NASDAQ:PCYC) has been making a huge run in 12′ starting off the year around $15 and currently closed at its all time high of 23.23 Friday, accompanied by a good volume suggesting higher levels. The technical chart still showing a bullish bias. KD line shows positive signs as %K line is rising on top over %D line and RSI continue moving up. I suspect the stock may continue to appreciate over the coming days. ( click to enlarge ) Akorn, Inc.(NASDAQ:AKRX) hit a new 52-week high on Friday, trading as high as $12.50, before settling at a close of $12.48. I'll be watching the stock on Monday, looking for a follow through move. As long as the stock stay above $11.77, the bullish scenario still intact. Technical chart shows very strong bullish sign. First of all the stock is trading above both 50-day and 200-day moving average with both moving average pointing upwards. Then the MACD indicator is rising above "0" also indicating a buy. In addition, KD line still show the stock is on the positive swing. During the day I tweet many times to my readers. I encourage everybody to subscribe AC Investor Blog twitter and newsletter, so you can receive my trade ideas and stock news in real time. Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence. Thanks for visiting AC Investor Blog. AC