( click to enlarge )Cisco Systems, Inc. (NASDAQ:CSCO) broke through a key resistance level today accompanied with high volume, but did not have much momentum behind the move, so keep an eye on it to see if tomorrow will confirm the intraday breakout.
( click to enlarge )Expedia Inc (NASDAQ:EXPE) Tuesday's action suggested that there is more room for the uptrend to grow on stock. A sustained break of $88.28 should bring the stock price to a test of the recent highs in the $89.3 area.
( click to enlarge )Micron Technology, Inc. (NASDAQ:MU) The stock continues to perform strongly and appears poised to breakout to new highs. Keep it on watch.
( click to enlarge )The Coca-Cola Company (NYSE:KO) finally broke out to new highs today on high volume. I think we will see some nice follow through tomorrow.
( click to enlarge )Neurometrix Inc (NASDAQ:NURO) displayed some impressive relative strength today with a 7% gain. On the technical side, MACD and ADX all point to upward trend while RSI is also rising. The stock broke and closed above resistance at $1.76 (50ema) and should continue to move. NURO has a lot of upside potential imho, so watch it closely on Wednesday. Note: Later this week the president President and Chief Executive Officer, will participate in the 29th Annual Meeting of The Japan Society of Diabetic Complications to be held in Tokyo.
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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.
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