Stock Watch List For Friday, May 4
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Broadcom Corporation (NASDAQ:BRCM) broke its 50-day moving average last
month. The moving average offered support, while the stock was trading
above it and now offers resistance as the stock trades below it. The
stock would have to close above 37 to retake this medium-term moving
average and put the bulls back on track.
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Rite Aid Corporation (NYSE:RAD) stock broke falling price channel
resistance with a big surge. For now, expect an initial run up to the
50-day MA at 1.68.
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XenoPort, Inc. (NASDAQ:XNPT) stock is building a base here with a "W" chart pattern which means it will go back up. Accum/Dist line is showing solid accumulation and MACD a positive divergence. As I mentioned on Twitter, I bought this stock today waiting for something BIG.
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US Airways Group, Inc. (NYSE:LCC) recorded a new high in today's
session. Short-term outlook for the stock is bullish. Buy the stock in
dips with a stop-loss at $8.95. The technical daily chart looks Bullish
with both 20, 50 and 200 daily moving averages going up and MACD on top
of 0, RSI in a Bullish area too.
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