Put these stocks on your watch list for Next Week
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Elan Corporation, plc (ADR) (NYSE:ELN) looks really strong here, broke
and closed above 50 day MA. Strong volume today ! On the daily chart, we can see a few technical signals suggesting this
swing higher in the short-term should continue a few more days. First,
the MACD is displaying a new bullish crossover and a positive move. At
the same time, we see that the daily stochastics are showing positive
momentum from oversold levels, which should reinforce a move higher if
near-term resistance at $14.58 is taken out. Finally, The RSI is
starting to bounce back from oversold territory. Target is $15-15.25 with a tight stop under
the 50 day MA.
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Bio stocks such as Complete Genomics, Inc. (NASDAQ:GNOM) were on fire
today. I featured this stock on Thursday and today it gained close to 29%
!! Volume was tremendous today and I see more upside here. Easy to
manage with a stop at the 50 day MA.
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XenoPort, Inc. (NASDAQ:XNPT) looks great here flagging nicely on low volume, tried to break out today but
failed. Volume patterns good, keep an eye on it the next few days.
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The entire Education sector was on fire today led by Career Education
Corp. (NASDAQ:CECO). The stock closed above the psychological level of 7
and near the 50 day moving average. A close above this level would warrant liquidation of short positions. I believe that price may continue its rally next week.
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Zalicus Inc (NASDAQ:ZLCS) looks good here with plenty of room to run to the next resistance at $1.01
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eBay Inc (NASDAQ:EBAY) bounced nicely off the 50 day MA this week. The stock should test the recent highs and possible new highs in the weeks ahead.
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Zynga Inc (NASDAQ:ZNGA) - No signs of reversal yet. If you are long , stop should be the recent swing low. Short term investors are advised to avoid fresh long positions at this point. Only a close above $7.25 will start negating the bearish forces.
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Labels: CECO, EBAY, ELN, GNOM, XNPT, ZLCS, ZNGA
