Noodles & Co(NASDAQ NDLS) Eyeing Strong Earnings Stocks for Continuation

Post on: 16 Март, 2015 No Comment

Noodles & Co(NASDAQ NDLS) Eyeing Strong Earnings Stocks for Continuation

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American International Group (NYSE:AIG) also gapped up on Friday after beating its earnings estimate to break above the intermediate resistance of $47.68. It did filled a portion of this gap on a pull-back on Friday, but still held above the breakout level. Yesterday buyers held this level. The longer it bases up here, the higher the probability we could see another leg higher above $49.50.

Viacom (NASDAQ:VIAB) saw a nice run up into its earnings as it held above the 21-day moving average for the whole month. Then it got a lift on Friday after the media company reported a 20% jump in fiscal third quarter earnings and doubled its share-buyback program to $20 billion. The stock had a nice gap up on Friday and digested this gap well yesterday. Some consolidation above $77.95 could bring in more buyers to lift the stock higher. Pivot resistance is $79-81.

Sodastream (NASDAQ:SODA) gapped up on Wednesday last week after beating its earnings estimate and is holding above the gap well. Yesterday it retested this gap support at $64ish and held. Active traders could use $64 as the new pivot to trade against. Above $66.90 we could see another round of short squeeze as the current short interest is 46.30%.

VMWare (NYSE:VMW) has a decent set-up digesting above the earnings gap of $79.41. The 8-day MA just played catch-up. It needs to get and stay above $84ish for potential continuation.

In today’s Morning Call we will also take a look at Marc Sperling’s Trade Ideas of the Week  to this point. We’ve been doing this for five weeks. You could subscribe to the free newsletter,  which is sent out every Monday morning, at t3live.com.

Netflix, Inc.(NASDAQ:NFLX) was featured as Marc Sperlings Trade Idea of the Week on July 8 with two action prices of $227.47 and $235.88 and a target range of $250 260. The stock saw an impressive move that week and went as high as $270. The it saw a controlled pull back into $240 area where it continued to find some support for the last two weeks. Yesterday the stock shrugged off a negative article from Barrons pretty well as it rallied 11 points off lows. Look for potential upside follow-through above $253.90.

First Solar, Inc.(NASDAQ:FSLR) was Marc Sperlings Trade Idea of The Week on July 15 with an action price of $47.65. The stock triggered above this level and went as high as $51, but after that it failed to get momentum above this level. FSLR has been hovering around its flattening key moving averages. The longer it holds above $46.30 recent pivot low, the higher probability we could see some upside momentum. This support is also the last line of defense to keep the intermediate-term bulls interested.

Noodles & Co(NASDAQ:NDLS) was highlighted on July 22, with action price of $43.38 and target range of $48-52. The stock got some momentum and went as high as $45.95 on that Monday. After that, it took a while for NDLS to get to this target range, but it did get some momentum this week and went as high as $49.15 yesterday. This is a new IPO that is a little bit thin, but it’s worth keeping an eye on.

Green Mountain Coffee Roasters Inc.(NASDAQ:GMCR) was Marc Sperlings Trade Idea of the Week last week, July 29. It has acted well as it triggered listed buy price of $76 and almost reached his target range of $83-85 after a potent move to break out of the mid-level base yesterday. It also reversed after a negative Barrons article over the weekend. With this type of move that would take multiple days to work out, its best to look for a calculated entry and use some patience to wait for the trade to work itself out.

Pandora Media Inc(NYSE:P) was featured as Marc Sperlings Trade Idea of the Week yesterday as it has an upper Cup and Handle pattern in place that looks potentially poised to trigger a move higher above his action price of $19.32. The stock got some upside action yesterday and gained 1.67%. Look for potential continuation as the trade is in motion. His target range is $21.50-22.

Quick hits

Apple (NASDAQ:AAPL) continues to act

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