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Wednesday, May 16, 2012 

Stocks to Watch for Thursday, May 17

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Google Inc (NASDAQ:GOOG) - Cleared all sorts of resistance today. From here we can expect a run to the $640 area and from there we could see an explosive upsurge to $658 and better. Look to buy the stock on dips with a stop around 600. I'll be watching her carefully for any possible opportunities.

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XenoPort, Inc. (NASDAQ:XNPT) continues to show strength. The continued strong volume on upside moves indicates more than just short covering. Watch the $6.43 level.

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Medivation, Inc. (NASDAQ:MDVN) has been a very solid stock and just made a new 52-week high today.

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Skyworks Solutions Inc (NASDAQ:SWKS) - Good volume today, still under resistance level but indicators are trending up. Positive MACD divergence on the recent low. If the stock can break through the 50 day sma, we should see heavy buying come and it will be a great buy here. Although this trend is encouraging, the near-term outlook stays cautious till the stock closes conclusively above this level on heavy volume. Bulls could remain invested with a stop loss at $23

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Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA) hit a new 52 week high and held up very well when the nasdaq was tanking.

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.

Thanks for visiting AC Investor Blog.

AC

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  • I'm a 43 year old Independent Trader using proprietary technical analysis with more than 18 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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