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Monday, April 30, 2012 

Four Trade Ideas for Tuesday


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SolarWinds Inc (NYSE:SWI) stock hit a new high on Monday and continues to draw interest. I would keep a close eye on this stock going forward it may make for a great trade. As long as the stock stay above $42,22, the bullish scenario still intact. From a technical standpoint the chart shows very strong bullish sign. First of all the stock is trading above both 50-day and 200-day moving average with both moving average pointing upwards. Then, the MACD indicator is rising above zero also indicating a buy. In addition, the accumulation/distribution line still show the stock is on the positive swing. 

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Dendreon Corporation (NASDAQ:DNDN) has been slowly creeping higher and I think it could be trading over $12 in the short term. Short term Traders can buy above $11 with stoploss of $10.74 and targets of 12.49-13. On the daily chart, the technical indicators show a continuation of the trend with MACD and RSI in the Bullish areas. 

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Trina Solar Limited (NYSE:TSL) still needs to Take out the 50-Day MA at $7.38. Although the stock did not perform well this year we finally start to see some signals of rebound as the technical chart shows positive momentum is back. I'd look to the $7.4 level moving as the next buy point. If it passes that, then we have room to run to next resistance at $8.35. Let’s keep an eye on TSL.

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Royale Energy, Inc. (NASDAQ:ROYL) - Investors continued buying up this stock, as it surged again today this time to the tune of 9%. The stock warrants some attention this week. Bullish MACD cross on daily. Next resistance lies at 5.17 then 5.32

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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.

AC

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Saturday, April 28, 2012 

Six stocks I like for next week

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EXCO Resources Inc (NYSE:XCO) displayed relative strength last week and broke out above resistance at the $6.76 level. XCO still showing strong accumulation on up days with high volume and selling on low volume. The overall outlook for the stock appears bullish IMO. Only a close below $6.5 would negate the bullish outlook for the stock. A close above $7.17 would reinstate short-term bullish trend that could propel the stock to the next target zone of $7.88.

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FormFactor, Inc.(NASDAQ:FORM) looks to have solid support at these prices and should start to trend higher from here. It's trading within a rising channel. FORM's stock has just touched the bottom of the channel and rebounced from there. In addition, the accumulation line starts to turn up, RSI is above 50 and has broken above its downtrend line. This company is in the midst of a turnaround and I expect the stock price to start to rise in anticipation. Early this month DA Davidson initiated the stock with a "Buy" rating and a price target of $12. They believe FormFactor is ready for "a return to profitability as the industry recovers and could more than double within just a year.

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Agnico-Eagle Mines Limited (NYSE:AEM) - I had this stock on my watchlist and it did not disappoint. The stock rallied from its Monday morning lows of $31.98 to $39.98 on Friday. That's a +24% rise. At this point, a short-term pullback would not surprise, but as long as price does not break below $34.56 the outlook is positive.

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Career Education Corp. (NASDAQ:CECO) is still in bottoming mode it looks like. The technical indicators are looking better now for the stock. The MACD is starting to rise, confirming a bullish divergence has taken form. Short-term levels to watch tomorrow $7.47 and then $7.85.

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PulteGroup, Inc. (NYSE:PHM) broke out on Friday and traded nearly 2x normal daily volume. The stock has the potential to make a big run next week, so keep a close eye on PHM and don’t miss the trade.

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Ascending triangle in formation in Kohl's Corporation (NYSE:KSS) daily charts. One can enter above $52.30 for a target of 57 keeping the stoploss at 49.85. Decreasing volumes and increasing RSI indicator adds strength to the pattern in formation.

I hit 1500 Twitter followers last week, are you one of them ? Free Alerts in Real Time.

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.

AC

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Thursday, April 26, 2012 

Stocks Watchlist For Friday, April 27

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Agnico-Eagle Mines Limited (NYSE:AEM) broke out across the key line today ! The 50 day moving average has been resistance for weeks. Today price finally broke through the 50-day. Use the 50-day as your stop if you play this. Next target 38

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PepsiCo, Inc. (NYSE:PEP) is consolidating its big run-up from the 62 to 67 area. A break of 67 would confirm continuation of the upmove with a target in the 68.72 to 69 area. Stop loss would be 64.62.

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DryShips Inc. (NASDAQ:DRYS) - Looking at daily chart, I notice what may be large bull flag formation, with stock price currently near the upper end of the formation. Near current price also looms the 50-day moving average, currently near the 3.35 level, which will act as solid resistance. The chart looks very strong overall.

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Career Education Corp. (NASDAQ:CECO) Positive divergence on daily indicates bounce coming.

I hit 1500 Twitter followers today, are you one of them ? Free Alerts in Real Time.

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.

AC

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Wednesday, April 25, 2012 

Stocks Watchlist For Thursday, April 26

 
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Nice day for Zynga Inc(NASDAQ:ZNGA). I alerted this one on Twitter morning as a possible bounce play and the stock did what it was supposed to do, closing up 51 cents or 5.9% on the day trading more than 18 Million of shares. The stock hit a high of $9.19, which is resistance for Thursday’s move. ZNGA showed strength throughout the day and should continue this upside move. If the stock can break through this level, I expect to see another strong upside move to $9.49 and better. A stop-loss should be placed at $8.5

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Zagg Inc (NASDAQ:ZAGG) is displaying upside momentum and is poised to move higher from these levels. Nearest resistance for the stock is at 11.52. If this level is crossed and the stock is able to sustain above this level, then it might go to 14. The stock is a short squeeze candidate, with a short float at 45% (equivalent to 8 days of average volume). This stock can pop big time on any positive news.

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Onyx Pharmaceuticals, Inc. (NASDAQ:ONXX) hit a new 52-week high today, trading as high as $47.58, before settling at a close of $47,33. I'll be watching the stock on Thursday, looking for a follow through move. As long as the stock stay above $46, the bullish scenario still intact. Technical chart shows very strong bullish sign. First, the stock is trading above both 50-day and 200-day moving average with both moving average pointing upwards. Then the MACD indicator is positive and RSI still show the stock is on the positive swing.

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Harley-Davidson, Inc. (NYSE:HOG) broke out and never stopped all day. There is a good chance the stock will continue to move up. Tight stops should be used. 

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.

AC

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Tuesday, April 24, 2012 

5 Stocks that I will be watching for 25th April


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Apple Inc. (NASDAQ:AAPL) are trading higher in the after-hours after reported net income above Wall Street’s expectations for the second quarter. Currently, shares are higher by 7%, trading at $600, they ended the regular session lower by 2%, at $560.28. Following the investors reaction in the extended trading we should see a gap up tomorrow morning. It will be important an interesting also, see if stock will have legs to close above $600. A breakout above this level would constitute a technical entry for the short term trader looking for a quick trade.

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Kimberly Clark Corp (NYSE:KMB) broke out to new highs today on 2x the daily average volume. The stock has been on fire since late February. It is hard to predict how far the momentum will take the stock. I'm using today’s high of $78.73 as resistance for Wednesday. A break above that area could trigger further bullish momentum and keep the bullish scenario intact. The outlook for KMB stays robust until it stays above $75. Fresh buys can be initiated with a stop at $74.8 ( 20 dma ).

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InterDigital, Inc. (NASDAQ:IDCC) finally rebounded on heavy volume after some rumors saying that company is exploring patent sale again. InterDigital, owns more than 8.600 patents and has an additional 10.000 on application. The patents cover a broad variety of wireless and wire line communication, including 2G, 3G, 4G, and LTE, as well as IEEE 802. The April $32 and $35 call options have been active. You want to keep IDCC on your screen for Wednesday’s trading.

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Banner Corporation (NASDAQ:BANR) had a great move on the upside today and closed at $22.44. The stock is setting up to break out and has one more level to go, which is $22.97.

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Tellabs, Inc. (NASDAQ:TLAB) - Looks like the Bulls are going to win this fight. Just one more push to change the trend. Technically, the stock is in a short-term Bull Market with share price above 5, 20 and 50 daily moving averages. Short-term investors can buy with a stop at $3.84 and long-term investors can hold with a stop at $3.73. Let's keep an eye on her as i think momentum will pick up. TLAB is a well capitalized company, with $3.20 in cash per share. I love the risk/reward so long as it holds above the $3.73 area and expect to see another upside move very soon.

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.

AC

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Monday, April 23, 2012 

Top Trade ideas for Tuesday

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Dendreon Corporation (NASDAQ:DNDN) shares are clearly under accumulation as traders become familiar with this company's potential. The accumulation line continues to scale new peaks as somebody out there gets extra-hungry for DNDN at these levels. There are several indications I see which suggest a near-term bottom, including large positive divergences on MACD in daily. A break above 11.03 on a close basis should be seen as a serious threat for the stock to test the 200 DMA at 13.19. Until that happens traders will want to be on high-alert to the possibility of a bullish reversal. Keep DNDN on your screen for Tuesday’s trading session.

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Gulf Resources, Inc.(NASDAQ:GURE) regained the 20-day average for the first time in over two months. STO bounced off the edge of oversold and is now back on the upswing. MACD just crossed above signal, giving the bulls the signal they wanted. GURE has momentum back on its side. 

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Brinker International, Inc. (NYSE:EAT) had a strong move today, as the stock set new 52-week highs. The stock hit a high of $31.19, which is resistance for the follow through move. You should watch this stock closely on Tuesday.

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Fonar Corporation (NASDAQ:FONR) made a new 52 week high today closing at $6.40 on heavy volume. The stock hit a high of $6.44, which is now resistance for Tuesday’s continuation move. If the stock can break through resistance, we should see another strong upside move. FONR will move very quickly, so watch the stock closely on Tuesday.

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.

AC

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Friday, April 20, 2012 

Top 6 stocks ideas for next week

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Today's move created a number of technical analysis buy signals. The stock was consolidating between 30&31.61 for last 1 month and made a breakout of its previous high on very high volumes. The chart also shows a bullish MACD crossover, the RSI is moving up and above its 50% level. Microsoft Corporation (NASDAQ:MSFT) stock is now testing the resistance level. Look for a break above the 32.95 level to enter longs for a target move to 35. If the stock does not breakout and pullsback look for an entry near the 50 DMA ( Blue line). 

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Towerstream Corporation (NASDAQ:TWER) The 50 day MA on daily is still acting as support. Could be a high flyer on breakout, look for break above 4.80 to enter longs.

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Under Armour Inc (NYSE:UA) After drifting for weeks, the stock finally broke out of a consolidation today and reached a new 52-week high. Today’s high was $102,86, which is resistance for the follow through move. If the stock can break through this level, expect to see heavy volume drive the stock higher.

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Amazon.com, Inc. (NASDAQ:AMZN) The stock is now trapped between 190 and 195 levels. Long positions can be considered with a stop loss of 184.90 on daily closing basis. Targets are 200 and 206. Watch to see what it does here. 

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There has been a persistent decline in First Solar, Inc. (NASDAQ:FSLR) shares since mid of February tempered with short-lived and unconvincing rallies. From the technical chart the short-term trend is still weak as the stock is still below its 50 and 200-day moving average. The stock needs to close above $22.89 in order to alleviate the negative near term view. Next support is at $20.60, followed by $20.02.

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Dendreon Corporation (NASDAQ:DNDN) had another very productive day as we saw gains of over 3% and I believe it has more room to run. The short-term outlook remains positive for the stock. DNDN finds an immediate resistance at 10.74 and support at 9.88 followed by 9,72.

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.

AC

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Thursday, April 19, 2012 

Potential Long Setups for Friday, April 20

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Microsoft Corporation (NASDAQ:MSFT) are trading higher in the after-hours after reported fiscal third quarter profit that topped estimates on better-than-expected corporate software sales. Currently, shares are higher by 2.90%, trading at $31.90, they ended the regular session lower by 0.42%, at $31.01. A breakout above $31.57 would constitute a technical entry for the short term trader looking for a quick trade.

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Sequenom, Inc.(NASDAQ:SQNM) chart looks really good. SQNM has been in a nice uptrend for the last two weeks and it looks very strong with the 20 day moving average going up. MACD is also indicating that the current short term price trend is very bullish. In addition, the On Balance Volume is increasing, indicating accumulation of shares in the market. I'm still maintaining the buy rating on SQNM as the technical chart still shows very bullish sign.

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Strong enough to say.....and the Bulls are back !! I've been following Dendreon Corporation (NASDAQ:DNDN) for a few days now and surprisingly it showed some strength today in a depressed market. DNDN was an alert this morning at $9.6 via twitter and it closed the day at $10.03 for gains of over 11%.  The stock price also broke above the 20 DMA accompanied by large volume, a sign that the sky rocketing action has credibility and is not just some result of speculations. On the momentum front, I'm seeing some positive divergences in several indicators. The price can head towards the $10.42-$10.74 zone. If this zone is surpassed, getting to $11 would be a possibility.

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The break of the 50 DMA with heavy volume should be the next buy point on Tellabs, Inc. (NASDAQ:TLAB). The technical daily chart above shows the momentum indicators have turned up and the RSI is on the rise. Although both 50 day and 200 day moving average are showing weakness, KD line is indicating upward swing. For the short term the stock should still continue to go up. A close above $3.93 would have positive implications and could push the stock to the 4-4.1 range.


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FormFactor, Inc.(NASDAQ:FORM) - I'll continue to accumulate this stock on weakness. Positive MACD divergence. The stock is simply telling me that this is a nice healthy pullback after a nice run. Yesterday's volume to the upside was strong. The trend should resume back up in the very near future. I could be wrong, but I didn't find a reason for the drop in shares as it did. It was likely a consequence of the negative market environment. 
 
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Marriott International, Inc. (NYSE:MAR) just broke out of a short consolidation phase. Looking at the technical chart, the stock shows a continuation of the trend with MACD and RSI in Bullish areas. The RSI value is currently above 65 but it has not reached the overbought region. MAR is now a stock in Breakout mode.

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.

AC

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Wednesday, April 18, 2012 

Four Breakout Stocks To Watch on Thursday

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The Gap Inc. (NYSE:GPS) stock embarked on another leg of the bull rally that took it to a new high of $27.66 today on rising volumes. Technical indicators are supporting the bulls. The stock is still on a strong bull market with 50-day moving average on top over 200-day moving average and MACD is above signal line. Today’s high was $27.66, which is resistance for the continuation move on Thursday.  If you haven't added GPS to your watchlist, now is the time.

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Verisign, Inc. (NASDAQ:VRSN) continues to show strength as the rise in volume confirms the price uptick. This stock is clearly in an impulsive wave upwards. If you are on board, there is nothing more to do but enjoy the ride.

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Tibco Software Inc. (NASDAQ:TIBX) Nice break on strong volume, like the OBV trend, RSI has space to move up more.

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Family Dollar Stores, Inc. (NYSE:FDO) had a huge breakout day on heavy volume. The stock hit a high of $67.15, which is now resistance for Thursday’s continuation move. If the stock can break through resistance, we should see another strong upside move. FDO will move very quickly, so watch the stock closely tomorrow.
 
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.

AC

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Tuesday, April 17, 2012 

Stocks on Watch for the 18th of April

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Congrats everyone who bought this stock when I put out an alert on it. Sequenom, Inc. (NASDAQ:SQNM) has gained more than 30% value in the last five sessions, but don't think for a second that SQNM is finished it's just getting started ! From a technical stand point the stock has reversed the downward trend with MACD back above 0 and stock trading above 50 day moving average. In addition, KD also indicate positive momentum. OBV confirmed trend reversals. The stock is not yet overbought and there is room for a move up to 5 (but there may be resistance around 4.77). Insiders are also very bullish about the company and have been buying shares in the last six-months. Recent surge may spur profit taking but for the medium term the technical is looking good.

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Pacific Ethanol Inc (NASDAQ:PEIX) Needs to hold the 200 DMA (0.85) now and recover to keep us in the play. Short term indicators are in favor of bears.

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Ciena Corporation (NASDAQ:CIEN) Technical chart looks pretty good as the golden cross has formed early March, RSI is around 60 and MACD is above 0. I believe the stock is setting up to break out and has one more level to go, which is $17.39.

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Verisign, Inc. (NASDAQ:VRSN) had a strong move today, as the stock set new 52-week highs. The stock hit a high of $42.07, which is resistance for the follow through move. The long term trend is bullish as the stock is above 50-day and 200-day moving averages with both moving averages going up. You should watch this stock closely on Wednesday.

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.

AC

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Monday, April 16, 2012 

Possible Long Setups for Tomorrow

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Simon Property Group, Inc (NYSE:SPG) broke out to new highs today on 1.5x the daily average volume. The short-term uptrend is intact and signals further bullishness on this stock. Buy the stock in dips with tight stop-loss at $140.

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On the radar. Bottom play. XenoPort, Inc. (NASDAQ:XNPT) gave us a nice move today, which could be the start of a bigger move. The stock reversed most of the prior week's loss and regained the 50 day MA on decent volume. I'm using today’s high of $4.35 as resistance for Tuesday. A break above that area could trigger further bullish momentum and keep the bullish scenario intact. I bought the stock because I remain encouraged by their strong balance sheet with a high level of cash, no debt and high institutional ownership level 87% Bullish.

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POZEN Inc. (NASDAQ:POZN) cleared resistance on expanding volume and looks ready to extend it's gains. Keep on watch list.

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Research In Motion Limited (NASDAQ:RIMM) was one of the winners today, as the stock closed up 53 cents on the day with huge volumes. I'm going to keep an eye on it and see how it reacts tomorrow. The outlook is positive and a move to 13.86-14.15 appears likely. Note, the daily chart displays a positive MACD divergence.

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.

AC

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  • 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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