6 Stock Market Predictions For The Week Of June 10S&P 500 (SPY)
Stocks will try to pick up where they left off the week of June 10 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 Inc (NASDAQ:AAPL) may continue to rise to around $195.
Netflix (NFLX)
I think Netflix (NASDAQ:NFLX) continues to rally as well and heads towards $380.
AMD (AMD)
Advanced Micro Devices Inc (NASDAQ: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 fallbacks back to $29.40 this week.
Cisco (CSCO)
Cisco (NASDAQ:CSCO) 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.
Facebok (FB)
Facebook (NASDAQ:FB) may continue to rally this week, but it may be limited. FB could increase to a downtrend and resistance around $180.
Acadia (ACAD)
ACADIA Pharmaceuticals Inc (NASDAQ:ACAD) presents on June 11 at the Goldman Sachs (NYSE:GS) 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.
