( click to enlarge )Ambarella Inc (NASDAQ:AMBA) continued its bullish momentum on Wednesday closing the session with a gain of 2.20% at $42.35. Immediate resistance remains around 43. A clear break above that area could trigger further bullish pressure testing the highs. Momentum indicators also point to continuation of positive bias.
( click to enlarge )Infinity Pharmaceuticals Inc. (NASDAQ:INFI) It looks like the pullback is coming to an end and a reversal is very near. Watching for $13.96 breakout. All major indicators are in favor of an upward price movement. MACD has generated a new buy signal and the CMF is rising again. This momentum could push this stock much higher from here. Keep the stock on your radar for Thursday’s trading day. Im long.
( click to enlarge )Finisar Corporation (NASDAQ:FNSR) had a volatile but indecisive movement today. Short-term bias seems more to the upside right now, testing 17.19. Moves of key indicators on daily charts suggest continuation of positive bias for the stock.
( click to enlarge )The Gap Inc. (NYSE:GPS) potential gap-fill play above $38. Keep on watch.
( click to enlarge )Monster Beverage Corp (NASDAQ:MNST) is setting up for another run. Lets see if it breaks over $99.53. Long set-up on watch.
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Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.
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