Stocks to Watch for June 17, 2013

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Avago Technologies Ltd (NASDAQ:AVGO) is nearing a key resistance level in the 38 area that has contained prices on three occasions in the last weeks. Considering the strong momentum this week on decent volume, I think AVGO looks set to break higher and rise above its 52 week high of 38.27. The support level is located at 36 followed by 35.62. Keep this stock in your radar list.
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GT Advanced Technologies Inc (NASDAQ:GTAT) broke major support today at 3.94, targeting the next major support in the 3.45-3.40 range. Technicals are bearish now.
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Citigroup Inc (NYSE:C) is approaching a key support level at the 50-day exp. moving average of 48.86. A breach of this important support level could lead to more downside. Technical indicators are turning bearish. The MACD is positive but falling below its signal line and the relative strength indicator has slipped below its 50% level.
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Yelp Inc (NYSE:YELP) broke resistance at 30 on volume slightly above average. All three EMA's are rising and the stock is trading above them. MACD is about to cross above signal line. The bulls are clearly regaining control. Watch the $32 as potential resistance.
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LinkedIn Corp (NYSE:LNKD) gave a pocket pivot buy point today, rising in higher volume. From a technical standpoint, technical indicators are beginning to turn bullish. The MACD has crossed above its signal line and the RSI has moved above its 50% level.  Watch for a good follow through day next week. 
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Bank of America Corp (NYSE:BAC) There is a possible small head and shoulders developing on daily, neckline 12.87. Price above 13.55 invalidates this pattern. Technical indicators are beginning to look bearish. The MACD has crossed below its signal line in positive territory and the RSI is slightly below its 50% level.
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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
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