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.

S&P 500

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.

russell 2000, rut

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

apple, aapl

Netflix (NFLX)

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

netflix, nflx,

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.

amd, stock, week of june 10

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.

cisco, csco, stock week of june 10

Facebook (FB)

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

facebook, fb

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.

acadia, acad, stock, week of june 10

 

 

Disclaimer: This article is my opinion and expresses my views. Those views can change at a moment's notice when the market changes. I am not right all the time and I do not expect to be. I ...

more
How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.