` Gary Investing Blog: 02/11: ZNGA, HLX, AGNC, BSX, LVLT

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Monday, February 11, 2013

02/11: ZNGA, HLX, AGNC, BSX, LVLT


Zynga, Inc. (NASDAQ: ZNGA) is definitely one of my best picks for 2013 so far. It has been up for more than 50% since I start giving a "buy" signal for ZNGA.  True, ZNGA has been running up too quickly recently. But not to mentioned about a reversal, I even seriously doubt it is going to pullback significantly. RSI reaching oversold level does not necessarily constitute a pullback, it could be a sideway action, or even more buying power. If you are really worried on ZNGA, I suggest you to buy a put option. This way you can have an insured selling price better than a stop order. The benefit is that you can keep ZNGA in your portfolio and let it roll, while don't need to worry on a significant drop. 

 Helix Energy Solutions Group, Inc. (NYSE: HLX) is a strong stock been going up crazily. I dont look for a reversal but I think it has the potential pull back to at least $22.00 level, giving us a decent level to go long. Keep HLX on your watchlist. HLX is also a good example to prove high RSI reading does not necessarily stop the uptrend. Therefore, I think ZNGA still has a long way to go!

After American Capital Agency Corp. (NASDAQ: AGNC) hits the MA(200), as well as reaching dividend yield of 16% on Thursday, AGNC gained over 3% on Friday. It was a huge handlestick and very notable since it happened right after AGNC touching MA(200), forming a definitive uptrend. The stock has reversed its downtrend since breaking above in mid-Dec-2012. Now, we have the confirmation !!! Let's get on the boat!!

Other bullish indicators:
1) Golden cross is taking place soon.
2) Bullish MACD crossover is coming
3) Friday's candlestick touches upper Bband, which signals for a continuation on the recent uptrend.
4) MACD Signal line above zero first time since last Sept

 Another stock which has been ballooning, Boston Scientific Corp. (NYSE: BSX) is forming a flag pattern, with decreasing volume along the formation. If BSX breaks above $7.8 tomorrow, it could send the stock to $8.5 in a few days. Put BSX on your radar.

Level 3 Communications, Inc. (NYSE: LVLT) is coming close to an end of an inverted head and shoulder pattern. LVLT has been traded flat since 2013. Bullish MACD crossover should take place in less than 3 trading days. Golden Cross 2 weeks ago. Look for a breakout above $25.00 if you wish to long LVLT.

2 comments:

  1. Nice ...

    i like yours indicator. i am a trader on armada markets
    which have a lowest spread and fast excecution

    ReplyDelete

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