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Tuesday, May 08, 2012 

Stock Watch List for Wednesday May 9, 2012

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TriQuint Semiconductor (NASDAQ:TQNT) - Possible trend reversal taking place. The slow Sto is just turning up while the MACD is also confirming the Sto’s signals as it is increasing. I expect to see a good upside move once the stock breaks through resistance now at $5.06

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Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) has been on fire the past few days and it doesn’t look like the trend will change soon. The stock hit a new 52-week high of $3.49 during the day, vaulting over its previous high of $3.47 set in March. The technical chart is still showing buy signal with stock trading above 50 day and 200 day moving averages, and with MACD on top of 0 and %K line on top of %D line. ARNA has a lot of upside potential, so watch the stock closely.

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Career Education Corp.(NASDAQ:CECO) - Is on the top of my watch list due to the recent price action, volume and momentum.

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Amazon.com, Inc. (NASDAQ:AMZN) formed an interesting pullback retracement to the rising 13 day SMA, forming a possible Bull Flag in the process suggesting a possible upside swing. 

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XOMA Corporation (NASDAQ:XOMA) continues to consolidate, but could make a breakout move soon. The stock is sitting on its 10-day moving average, gaining momentum for an upcoming move. Resistance is $3.17. I expect to see a strong upside move if XOMA can break through this resistance level. Watch the stock closely.

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.

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yeah, i wish i had bought $ARNA on Tuesday when it was under $3
then Thursday after hours I would have had a pleasant surprise as it jumped to $7

why do i hesitate to take action? because i got burnt on $GPRC once and lost $700 because i failed to set a stop loss. now i have to buidl up courage to get over my fear.

thanks for your blog and your tweets. they will help me gain confidence again.

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About Me

  • 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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