` Gary Investing Blog: 02/13: DPS, SPWR, OVTI, IDCC, BBRY, FB

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Wednesday, February 13, 2013

02/13: DPS, SPWR, OVTI, IDCC, BBRY, FB

Note: I am comparably more confident on SPWR and IDCC among others at the moment.

Facebook, Inc (NASDAQ: FB) fell below ascending triangle. Bearish MACD crossdown. Volume are generally more on "red" days. Be aware. My shares stopped out at $27.80 already.

InterDigital Inc. (NASDAQ: IDCC) As mentioned in my post "Stocks to invest in 2013", IDCC tends jump back up quickly in days after touching the lower Bband. Yesterday, IDCC touched lower band again and we are lucky enough to see a pretty strong move today confirming my intuition. IDCC has up 2.71% today and I am aiming for at least $47.00. After all, IDCC had a strong uptrend last year and I don't see signs for reversal. Stop around $42.00 would be sufficient.

OmniVision Technologies, Inc. (NASDAQ: OVTI) It has been a while since I last mentioned this stock. Now, OVTI is closing around a major resistance. Get reader for a break above $16.15 which I believe would eventually send this stock to $18.00 in 1-2 months.

BlackBerry (NASDAQ: BBRY) has pulled back from $17.22 to $13.99 in 4 trading days. I am not a big fan of BlackBerry. But if you are bullish on BBRY, you may consider adding shares now since It has pulled back to MA(50), a major support.

SunPower Corp. (NASDAQ: SPWR) breaks above a flag last week and is heading quickly to the North. Bullish MACD Crossover. Some sign of exhaustion as candlesticks are getting shorter. But extending the gain before the flag pattern to the breakout point ($4.00 to $9.12), I have a target of at least $18.00 which is another 100% gain.

Dr. Pepper Snapple Group, Inc (NYSE: DPS) breaks below the channel significantly with huge volume after announcing disappointing earnings report. I smell dead over DPS. I don't recommend buying for a bounce back.

I also offer updates and trade ideas on Twitter. To get real time tweets, please follow me @GaryLee_HK

Thank you for visiting,

Gary Investing Blog

3 comments:

  1. wonderful put up, very informative. I wonder why the opposite specialists of this sector do not understand
    this. You must continue your writing. I am sure, you have a
    great readers' base already!

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    ReplyDelete
  2. Nice Catch on IDCC and SPWR. I wish I could have purchased SPWR earlier.

    ReplyDelete

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