During regular trading hours, there were many stocks that continued to break out to the upside.Below these stocks are technical analysis which is lowest point of an downward trend. This is Trading signals that the downward trend is weakening and that buyers are gaining interest. The start of the pattern is a new low during the downward trend and after this point it finds support which stops the stock from falling further. Once stocks found support, it rises to a new resistance level. This sequence happens again and when the stock reaches its support level it will rise to the resistance level again, thus starting an uptrend. The stock needs to break out from the support level so it can rise further. High volume will validate a breakout. Investors should pay specific attention to the support and resistance levels, which will help them determine when to buy or sell the stock. You can also check previous stocks to buy reports- Right Here today. Hot stocks Today Right Here.Market Technical analysis Right Here
Here are some stocks Technical analysis :
Best Buy Co. Inc. (BBY) -Shares of Best Buy Co. Inc. (BBY) traded higher by 3.22% or $0.89/share to $28.49. In the past year, the shares have traded as low as $21.79 and as high as $42.71.The shares are currently trading above the 200-day moving average which is upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $28.17 area. The stock has insider ownership of 0.18%.
Universal Display Corp. (PANL)-Shares of Universal Display Corp. (PANL) traded higher by 4.67% or $1.91/share to $42.8. In the past year, the shares have traded as low as $22.73 and as high as $63.58. The shares are currently trading below the 200-day moving average which is downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $43.96 area where the stock may encounter resistance. The stock has insider ownership of 4.76%.
QUALCOMM Incorporated (QCOM)-Shares of QUALCOMM Incorporated (QCOM) traded higher by 0.26% or $0.14/share to $54.48. In the past year, the shares have traded as low as $45.59 and as high as $59.12. Resistance area is $55 and support level at $50.
OpenTable, Inc. (OPEN)-Shares of OpenTable, Inc. (OPEN) traded higher by 7.23% or $2.62/share to $38.86. In the past year, the shares have traded as low as $31.54 and as high as $118.66. The shares are currently trading below the 50-day and 200-day moving averages which is downward momentum. The stock may bounce back to test the 200-day moving average. But keep on eye close attention for a move up to the $43.18 area but be careful because the stock may face selling pressure at this level.
LDK Solar Co., Ltd. (LDK)-Shares of LDK Solar Co., Ltd. (LDK) traded higher by 4.26% or $0.16/share to $3.92. In the past year, the shares have traded as low as $2.55 and as high as $14.97.The shares are currently trading below the 200-day moving average but above the 50-day moving average. The stock may be range bound between these two levels where the 200-day moving average of $7.21 represents resistance and the 50-day moving average of $3.40 would be an area of support.
LDK Solar Co., Ltd. (LDK)-Shares of LDK Solar Co., Ltd. (LDK) traded higher by 4.26% or $0.16/share to $3.92. In the past year, the shares have traded as low as $2.55 and as high as $14.97.The shares are currently trading below the 200-day moving average but above the 50-day moving average. The stock may be range bound between these two levels where the 200-day moving average of $7.21 represents resistance and the 50-day moving average of $3.40 would be an area of support.
Shares of Sohu.com Inc (SOHU) traded higher by 1.17% or $0.59/share to $50.99. In the past year, the shares have traded as low as $46.35 and as high as $109.37.Resistance area is $49 and support level at $45.
For the latest updates on the stock market, visit,
http://daytradingstock-blog.blogspot.com/
