If you're bullish on AIG, then look for long-biased trades as long as this stock is trending above some key near-term support at $42 and then once it breaks out above its 52-week high at $46.45 a share with high volume. Look for a sustained move or close above $46.45 a share with volume that hits near or above its three-month average action of 17.14 million shares. If that breakout triggers soon, then AIG will set up to enter new 52-week high territory, which is bullish technical price action. Some possible upside targets off that breakout are $50 to $53 a share.
A semiconductor stock that insiders are snapping up shares in here is MoSys (MOSY), which develops and sells integrated circuits for the high-speed networking, communications, storage and computing markets. Insiders are buying this stock into solid strength, since shares are up by 22% so far in 2013.
MoSys has a market cap of $173 million and an enterprise value $139 million. This stock trades at a premium valuation, with a price-to-sales of 28.8 and a price-to-book of 2.8. Its estimated growth rate for this year is 17.9%, and for next year it's pegged at 28.3%. This is a cash-rich company, since the total cash position on its balance sheet is $30.46 million and its total debt is zero.>>4 Tech Stocks to Trade (or Not) The CEO just bought 150,000 shares, or $1 million worth of stock, at $4.00 per share. From a technical perspective, MOSY is currently above its 200-day moving average and right below its 50-day moving average, which is neutral trendwise. This stock has been trending sideways for the last two months, with shares moving between $3.88 on the downside and $4.97 on the upside. A high-volume move above the upper-end of that range could trigger a breakout trade for shares of MOSY. If you're bullish on MOSY, then look for long-biased trades as long as this stock is trending above its 200-day at $3.81, then once it breaks out above some near-term overhead resistance levels at $4.39 to its 50-day at $4.45 a share and then once it clears more resistance at $4.87 to $4.97 a share with high volume. Look for a sustained move or close above those levels with volume that hits near or above its three-month average action of 202,421 shares. If that breakout triggers soon, then MOSY will set up to enter new 52-week-high territory above $4.97, which is bullish technical price action. Some possible upside targets off that move are $5.50 to $6 a share.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV