` Gary Investing Blog: Stocks to watch on Nov 28: GMCR, GRPN, APP


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Tuesday, November 27, 2012

Stocks to watch on Nov 28: GMCR, GRPN, APP

 American Apparel, Inc (AMEX: APP) reached $1.00 mark today and closed at $0.99, crossing 200 day moving average from below. Bullish MACD Crossover. On balance volume is upticking again. There is no sign of overbought on RSI and Slow STO. Comparing with the previous level of OBV, I have a ST target of $1.2 for APP. I suggest an entry order above $1.05 to allow some breadth for trend confirmation, along with a stop around $0.95 (lower body of today candlestick, i.e. today's open)

 Green Mountain Coffee, Inc (NASDAQ: GMCR) is forming a bull flag. OMV reached a new high level. From previous OBV as well as extending height of the flag's pole gives a target of $33. Buy at breakout with a stop at $28.

Groupon, Inc (NASDAQ: GRPN) is a possible bottom play. Gap was filled last Thursday with huge volume. CMF is trying to get back to neutral level. If the stocks moves above $4.00 significantly tomorrow, I have a ST target of $4.35, where there should be some resistance from 50day moving average. The next target after GRPN crossing 50 day moving average would be $4.75 where last time CMF crossed 0 level. I long this stock at $3.9.

1 comment:

  1. American apparel is one of a small number of companies that still make clothing in the united states.