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Eastman Kodak Company (NYSE:EK) should be on your watch screen for the rest of the week. The stock broke out of a base in October and has been consolidating above the base since then. EK has been trading in a very tight channel as volatility dies down. The stock was indecisive today, closing the day at $4.77 with the overall trading volume of 2.78M shares for the day. The bias remains neutral in nearest term as price still trapped in range area of $4.66-$4.96 as you can see on my daily chart above. Overall it is still in bullish phase but need a clear break above $4.96 to continue the bullish scenario testing $5.95.
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A123 Systems, Inc. (NASDAQ:AONE) had a significant bullish momentum today, made a strong break out above its 50-day moving average as you can see on my daily chart above, which is very bullish. The stock is again setting up for a potential swing trade. From a technical standpoint, MACD Histogram and stochastic oscillator have turned up and RSI is again moving upward. Next resistance is located at $9.28.
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Crocs, Inc. (NASDAQ:CROX) broke out to new 52-week highs today. I’m expecting to see the stock continue this move on Tuesday. As long as the stock stay above $16.30 area, the bullish scenario is still intact. Technical chart shows bullish sign with %K line on top of %D line and MACD on top of signal line. Next targets for the stock are $18.25 and $20.
