` Gary Investing Blog: 5/09: DDD, GOOG, K, SNE, AAPL

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Friday, May 10, 2013

5/09: DDD, GOOG, K, SNE, AAPL

3D System Corp. (NYSE: DDD) has pulled back a little bit after reaching $44.91. The volume is much lighter than yesterday. I am looking into adding more shares if DDD pulls back to $40.00 level. I think DDD up trend is now very strong and could reach $48.00 by the end of this month.

Google, Inc. (NASDAQ: GOOG) I gave a bullish signal in 4/29's post when GOOG was crossing above 50SSMA and had a Bullish MACD crossover. GOOG has kept making new high with steady volume. RSI is approaching overbought level. I suggest selling some shares now as pulling back to 50SMA should not be surprising.

Kellogg CO. (NYSE: K) I twitted that K upset me a lot when it fell of May 01, but it now seems like 50SMA is a very strong support and K is bouncing back and moving up gradually along 50SMA. Note that volume on "green" days generally has more volume than the "red" ones. Bearish MACD ahead. Watch for a break below 50SMA which signals a downtrend.

Sony Corp (NYSE: SNE) running up quickly after reach 50SMA. Yesterday's close, 18.08, was slightly higher than last high, $18.06. So, it is technically a breakabove, although it is a small one.

Apple Inc. (NASDAQ: AAPL) is running out of strength trying to make a new high. No only that we see a doji on chart, but not that how AAPL tends to fall again after touching upper Bollinger band as well as MA(50). RSI is also turning around after reaching 70 level. I think the technical outlook right now is bearish and shorting AAPL will b eprofitable very soon.

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