( click to enlarge )Medivation Inc (NASDAQ:MDVN) An aggressive trader may want to short this stock here. The fall in the stock has been extended by the violation of the support line at $73.79 and as long as the stock price trades below this key moving average, the bearish trend will prevail. The next key support level is located at $67.32.
( click to enlarge )The stock outlook has deteriorated significantly over the past sessions. Shares of InterDigital, Inc. (NASDAQ:IDCC) are likely to drift lower to test its immediate support line at 43.47. If that support failed, it will test the next support at 39.80.
( click to enlarge )Juniper Networks, Inc. (NYSE:JNPR) The stock is on the verge of a potential breakdown. Medium-term indicators remain pointing down.
( click to enlarge )Adobe Systems Incorporated (NASDAQ:ADBE) shares closed on Thursday below the 20-day exponential moving average for the first time since May. It could easily be sent down to its support around 69. From the technical chart, both MACD and RSI show bearish signs. In the short term, I see no reason to buy the stock. Only a close above $74 would impart positive momentum.
( click to enlarge )Amkor Technology, Inc. (NASDAQ:AMKR) if the stock breaks the support of 10.38 then next support level is seen around 9.16
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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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