June 15, 2011 Evening Update
Travelzoo Inc. (TZOO) - Travelzoo Inc. (TZOO) sparked my interest recently after the company saw huge growth in their Local Deals business - http://www.travelzoo.com/local-deals/ - TZOO is producing high quality deals in major cities and is expanding rapidly.
As for the stock, Travelzoo Inc. (TZOO) has been crushed with the weak stock market combined with some long overdue insider selling. When you have a low float like TZOO does, mild selling pressure will cause a large drop in a short amount of time.
Support Levels - $59, $56.95
Resistance Levels - $61-$61.50
TravelZoo stock saw some selling come in near the end of the day. The stock failed near $61 which now becomes resistance. I plan to buy TZOO for a trade on a break above $61.08.
Apple Inc. (AAPL) - Apple Inc. (AAPL) is a stock I like due to the iPhone and iPad. AAPL should be releasing the iPhone 5 in the next 6 months as well as the iPad 3. Growth here is just starting.
As for the stock, Apple Inc. (AAPL) will hit resistance around $330 as well as $338. AAPL will hit some major resistance in the mid $340's when we get back up there. AAPL will have support at $325 as well as $321. These two levels need to hold on a closing basis going forward.
