` Gary Investing Blog: 03/21: ZNGA, SPWR, FSLR, APP

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Thursday, March 21, 2013

03/21: ZNGA, SPWR, FSLR, APP


NASDAQ: ZNGA - So ZNGA has been beaten up badly for 2 weeks since GLUU lauched the first online real-time real-money gambling platform. ZNGA is now approaching 200 day moving average, which happens to be the 50% level on Fibonacci Retracement. 3.28 could be a nice level to go long with a stop at $3.10 where the gap is filled, risking 0.18 per share to speculate a move back to $4.00 level. Keep in mind that a big move could easily trigger a short squeeze. Also RSI has not yet crossed below 40.00, so uptrend has not been overwritten yet.

(NASDAQ: SPWR) just broke above a bullish triangle pattern with volume. I target $17.00.

American Apparel, Inc. (AMEX: APP) is forming a bullish flag on chart. You may consider today's move a breakover, since we have a huge volume detected (and it is mostly the hour before close). Trend should continue on Thursday.

First Solar (NASDAQ: FSLR) is trying to fill its gap. Bullish MACD crossover, increasing volume and green candlesticks. RSI crossing 50 level. Closing above $31.00 with RSI above 60 would signal a new uptrend starts.

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