Motorola, Inc. (NYSE:MOT) is back testing the 50 day moving average on a closing basis and so far they have held. The stock is now vulnerable for more upside as the technicals gain momentum after strong earnings report. If MOT doesn’t close below 8.09 and hold in the next week, we could have a major move up on the way. I am watching two support levels, 8.09 and 7.97. The next level of resiatance I am watching is 8.25 which is the 30 day moving average. If we can close above I think we could retest the 8.71 high.
Intel Corporation (NASDAQ:INTC) failed at the 50 day moving average today closing down 2% to $20.05 ( 7 dma ) . A close above $20.50 would get me bullish again. The volume is dying down as well. A break below $20 would be bearish going forward. If the volume comes back and the stock breaks up through $20.50, I will be a buyer.
Potash traded up to $146.86 on Friday but had serious trouble in the $146′s. I note that the daily momentum indicator is displaying bearish divergence, which portends weakening in the bullish momentum. Hold with a stop-loss at $140.
I think Cell Therapeutics, Inc. (NASDAQ:CTIC) right now is dead money, not going up much, not going down much. I am waiting to get back in the stock when the volume comes back again. I will be looking for good news and daily volume to be above 25 million. A break below $.35 would be bearish going forward. I want to buy on a break above $.40 that is the magic number right now.
THQ Inc. (NASDAQ:THQI) is expected to release earnings Wednesday night. Expect shares to be very active on November 3th. Wall Street expects THQI Inc to lose $0.60 per share. Analysts will pay close attention to the Social Networking games sales and guidance. I will be buying on any major dips.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.