By Tim - http://stocksotbuy.org
Shares of Netflix, Inc. (NFLX) just ripped through $130 and the high of the day. Netflix has been down over the past few days due to the stock being oversold and on several downgrades.
Netflix was downgraded this week to Underperform at Morgan Keegan while UBS remains cautious on the stock.
Levels to watch on Netflix are $140-$141 on the upside and $125 on the downside. If Netflix breaks back below $125, I think it can go back under $120.
For more updates on the stock market, visit http://daytradingstockblog.blogspot.com
Showing posts with label stock anaylsis. Show all posts
Showing posts with label stock anaylsis. Show all posts
Friday, August 20, 2010
Thursday, January 8, 2009
Ambac ABK Analysis 1/8/09 January 8, 2009
Ambac ( ABK ) stock is breaking out to the upside today ($1.70 ), 1/8/09. It's time to take a look at this stock once again. Today's Biggest Gainers
Ambac ( ABK ) Stock Analysis - Technical Analysis - January 8, 2009
Support Levels - $1.50
Resistance Levels - $1.74 & $2.00
Ambac ( ABK ) is doing something today it hasn't done in three months. Break up through its 50 day moving average. The 50 day moving average is located at $1.53 and technically this signals a buy signal. ABK has resistance at $1.74 and $2.00. The volume has been strong in the first 90 minutes of trading today, over 15 million shares.
If I were getting long this stock ( I don't own it as of yet ) i'd place a stop loss order at $1.50 or if it breaks $2.00 and runs a bit, i'd move it up to $2.00. I do not see any news causing this rally but Ambac broke though Monday's high of $1.63, another bullish indicator.
Furthermore, this appears to be a technical breakout vs a fundamental break out. Keep an eye on the above support and resistance levels.
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Ambac ( ABK ) Stock Analysis - Technical Analysis - January 8, 2009
Support Levels - $1.50
Resistance Levels - $1.74 & $2.00
Ambac ( ABK ) is doing something today it hasn't done in three months. Break up through its 50 day moving average. The 50 day moving average is located at $1.53 and technically this signals a buy signal. ABK has resistance at $1.74 and $2.00. The volume has been strong in the first 90 minutes of trading today, over 15 million shares.
If I were getting long this stock ( I don't own it as of yet ) i'd place a stop loss order at $1.50 or if it breaks $2.00 and runs a bit, i'd move it up to $2.00. I do not see any news causing this rally but Ambac broke though Monday's high of $1.63, another bullish indicator.
Furthermore, this appears to be a technical breakout vs a fundamental break out. Keep an eye on the above support and resistance levels.
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
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