` Gary Investing Blog: 01/07/2012: NOK, WAC, AMZN, FSLR, FB,

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Tuesday, January 8, 2013

01/07/2012: NOK, WAC, AMZN, FSLR, FB,

 Facebook, Inc. (NASDAQ: FB) has broken above a triple bottom pattern with great volume. Bullish MACD crossover told place yesterday. Bbands are widening with price closing well around upper band. I think it is a great opportunity to go long Facebook at this level. Stop around $27.37, MA(20).

First Solar Inc. (NASDAQ: FSLR) has pulled back significantly yesterday after making a new high. It would not be surprising to see this stock dropping till MA(20) or lower Bband. But I initiated a long position yesterday anyway due to the fact that RSI is dropping very quickly from overbought level and we should see support when RSI is around 50 level, like FSLR has always been. FSLR has been following MA(50) pretty nicely since last August and usually closes in the upper half area of the Bband.

 Amazon, Inc. (NASDAQ: AMZN) has retrieved quickly from the drop last Oct and Nov, making a new high yesterday. Bulllish MACD crossover and support found on MA(50).

I previously mentioned Walter Investment Management Corp. (AMEX: WAC) and gave a sell signal due to a possible head and shoulder pattern on chart. But the stock has been doing great for 2 trading days, making a new high with significant volume. Bullish MACD crossover yesterday. I would trade a breakout above $48.54 with a stop at MA(50), $42.00.

Nokia Corp. (NYSE: NOK) has gradually closing higher. Bullish MACD crossover. NOK is trading with decreasing volume while approaching last high, $4.35. Again, I think NOK is turning around. A breakout of a new high is great signal to go long NOK.

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