Stocks To Watch Next Week – EXM, NETL, GOOG

Antonio Costa
updated | Author's Website

Chart courtesy of www.stockcharts.com ( click to enlarge )

Google (NASDAQ:GOOG) – Looking at the daily chart the near-term outlook appears positive. A move above the near-term resistance level of $323.47 would help the stock touch the immediate price target of $340-372. Only a drop below $287.30 would negate the positive outlook for Google.

Chart courtesy of www.stockcharts.com ( click to enlarge )

NetLogic Microsystems (NASDAQ:NETL) – The stock might face a period of sideways action while it consolidates the gains booked in the last sessions. The stock will face short to medium term resistance at $20.05 ( 50 DMA ). Once this level is crossed with good volumes, the stock can go to $23,26.

Chart courtesy of www.stockcharts.com ( click to enlarge )

Excel Maritime Carriers (NYSE:EXM) – The stock has been in a correction phase after a strong upside movement. Only a drop below $5.80 on a close basis would negate the positive outlook for Excel Maritime Carriers shares. Existing holders may remain invested with a stop loss at $5.80. On the other hand, any close above $8.88 would have major positive implications from a long-term perspective.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

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