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Monday, March 26, 2012 

Stocks Watchlist For Tuesday, March 27

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Digital River, Inc.(NASDAQ:DRIV) showed buying strength all day. The stock is on the verge of breaking out and it could happen very soon. Once the stock breaks $18.59, jump in and watch DRIV take off. The technical indicators are supporting the bullishness. The MACD triggered a buy signal today showing a bullish direction short term and the Histogram turned positive on the daily. In addition, KD is now going up and the stock closed again above the 20 day moving average. So, keep DRIV on your radar!

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Amyris Inc (NASDAQ:AMRS) shares gained more than 7 percent, closing near its highs of the day on strong volume. The stock broke through resistance and out of flag formation. Looks good to go here. Its technical chart show some bullish signals as both MACD and KD are now going up and the stock breaks above the 20 day moving average. The recent insider buying of 31.000 shares at 5.78 is also another positive indication that the insiders are now bullish about the company.  Next resistance is now seen at $6.69.

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Congratulations to all my readers that profited on this one from my latest newsletter [written on Friday after the bell]. ARNA closed up 60 cents for gains of 24.9%. The stock showed great momentum and had great trading volume. If you are still in it make sure you have your downside protected. I took profits on my long position at around 2.99 for a gain of about 35 percent. The stock has surged more than 70% in the past 5 sessions. On a technical basis the stock seems to be overextended. It has been overbought too quickly for most of the momentum to be sustainable. Based on the current RSI levels in the stock, the probability of the rally continuing tomorrow is not high. Nonetheless, the stock can go higher even if is overextended. Although the recent move maybe needs a small correction before going higher,at this point, I recommend using this rally as an opportunity to raise cash, sit on the sidelines and wait for a good buying opportunity for the long term.

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Elan Corporation, plc (NYSE:ELN) is flagging here. If it's breaks $15.27 it will absolutely fly into the 16's right away.

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Dendreon Corporation (NASDAQ:DNDN) Looks about ready to run here.... Technicals improving.. The price movement in the last couple of days indicates that  the stock has formed a short-term bottom at $9.8. The stock needs to break Tuesday’s high of $10.48 to expect a strong rally at this point.

During the day I tweet many times to my readers. I encourage everybody to subscribe AC Investor Blog  twitter and newsletter, so you can receive my trade ideas and stock news in real time.

Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.

Thanks for visiting AC Investor Blog.


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About Me

  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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