` Gary Investing Blog: 3 Trading Ideas Before 2013: IDCC, COH, SINA


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Sunday, December 30, 2012

3 Trading Ideas Before 2013: IDCC, COH, SINA

InterDigital, Inc (NASDAQ: IDCC) has pulled-back to its uptrend and MA(50) level. Slow STO is showing oversold signal while RSI is still above the support area (40). IDCC has been in a strong uptrend since this June and rarely closes below MA(50). MA(200) is showing a bottoming pattern. Entry at this price level is a bargain of IDCC's strong uptrend. Stop around $38.00.

SINA.com (NASDAQ: SINA) has broken above its downtrend earlier this month and pulled back a little bit to test its validity of a new trend. A new support found on $46.00. I would go long when SINA crossed above MA(50) and would have a stop order at $46.00.

Coach, Inc. (NYSE: COH) has been trading in $52.5-$63 range since mid-June. COH is now trading at the lower range at $53.88. Slow STO is showing oversold signal. Last Friday's close is a doji on chart, which is a short term reversal pattern. If going long at this level, make a stop at around $52.00.

1 comment:

  1. Hey! Are you mostly an often online visitor or you are for being offline?