Stocks to Watch for June 03, 2014

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Apollo Education Group Inc (NASDAQ:APOL) is on the verge of a possible breakdown. A clear break and close below the 26.50 level could trigger further bearish scenario testing 24 support. The bias remains bearish with major technical indicators implying a continuation of the current bearish move.

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Himax Technologies, Inc. (NASDAQ:HIMX) broke a psychological level of $6, which is a bearish signal for further trading sessions. First support is seen at today's low of $5.89 and then at $5.57.

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QUALCOMM, Inc. (NASDAQ:QCOM) Still watching, will buy on a close above $81.23. The technical indicators still indicate a bullish tone in short-term. The minor support level is located at $79.51 and them resistance is still at $81.23. On watch.

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Sanderson Farms, Inc. (NASDAQ:SAFM) Strong breakout. If the stock price can break today’s high of $95.70, we should see a strong follow through move.

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MagneGas Corporation (NASDAQ:MNGA) nice technical chart here, on watch tomorrow for a break of $1.82

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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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AC