SPDR Gold Trust Shares (NYSE: GLD) As gold once again dropping into $1300 per ounce, reaching its 52w low again, GLD experienced a bearish MACD Crossover with increasing volume during red days. I confidently believe that the downtrend of GLD is very strong, and Gold will hit $1000 per ounce by the end of 2013 if it continues making new lows.
Oracle Corp. (NASDAQ: ORCL) has about to fully filled its gap formed in March. If ORCL cross above $35.5, it will signals a strong uptrend ahead of us.
Yelp Inc. (NYSE: YELP) is under a flag formation. Since bearish MACD is around the corner, I think there might not be a break above. The pattern on prices and MACD are similar to ones YELP had in March and April, therefore, pulling back to $28.00 or even 50SMA level should not be surprising.
AMR Corp. (OTC: AAMRQ) I have been mentioning American Airline for weeks already. This stock has been running up with no stop like a beast. The volume is among average and MACD is rising quickly. I see no sign of reversal so far despite the skyrocketing RSI index. Today, AAMRQ has jumped another 7%, giving me 30% since I initiate a long position on 9th March.
FormFactor Inc. (NASDAQ: FORM) broke above a strong resistance level, $5.25 with a huge volume. Depends on the move next week, a pullback to $5.25 level should not be surprising, but this breakout signals a strong uptrend continuation.
Telsa Motors, Inc. (NASADAQ: TSLA) has broken above a flag formation with a decent volume. Extending the height of the flag, I target a $110 stock price within a month.