6 Monster Stock Market Predictions For The Week Of June 10

For the week of June 10 stocks will try to pick up where they left off last week and they have a good chance of rising further. There has been a new uptrend that formed in the S&P 500 since the big break out. The pattern would indicate that the S&P 500 continues its trend higher and moves towards 2,895.

Russell (RUT)

The Russell 2000 is also gearing up for a potential break out should the index rise above 1,521. It could go on to increase to around 1,565.

Apple (AAPL)

Apple may continue to rise to around $195, I had noted this turn around in the stock last week in a premium article. Apple May Be Overdue For A Bounce

Netflix (NFLX)

I think Netflix continues to rally as well and heads towards $380.

AMD (AMD)

AMD may be due for a pullback next week based on the current pattern. The chart shows a rising wedge pattern, a bearish reversal. I think the stock falls  back to $29.40 this week.

Cisco (CSCO)

Cisco appears to have put in a double bottom this past week and an increase above $57.25 sets up a move higher towards $70 for CSCO.

Facebook (FB)

Facebook may continue to rally this week, but it may limited. FB could increase to a downtrend and resistance around $180.

Acadia (ACAD)

Acadia presents on June 11 at the Goldman Sachs conference, it would be a good day to present some new data too. Regardless the chart still looks bullish with the potential to rise to around $27, as the stock breaks the downtrend.