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.
