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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.
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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.
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Labels: AEM, CECO, DRYS, PEP