Stock Trade Ideas for Wednesday June 20
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Momentum picking up with stochastics climbing and RSI rising. The
short-term outlook for Zynga Inc (NASDAQ:ZNGA) appears positive. The
current rally should at least push the stock to 6.36 per share where the
major resistance is. The stock needs to close above this level to
indicate a continuation of the rally off this month’s low. If this rally
fails, there’s downside risk to support around 5.51.
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Camelot Information Systems Inc (NYSE:CIS) - Positioned to see another
upwards run. In the past few days we have noticed that CIS has been on a
consistent bullish uptick in market valuation. Moreover, along with
the market valuation the technical indicators RSI, MFI and MACD have
been bullish, rising for the past several days. Additionally, the
stock past a key resistance level of 2.35. So, keep watching CIS trade and watch for potential continuation of its
recent upward move. Look for a quick run to $2.56 then $2.85. Note : On May 23, 2012, Barclays
reiterated an Overweight rating for the company and a $6 price target.
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XenoPort, Inc. (NASDAQ:XNPT) - It’s trading sideways, but I believe that it will make a spike soon. Golden cross on daily chart supports higher prices ahead.
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Sirius XM Radio Inc (NASDAQ:SIRI) is now trading close to the resistance level at the 1.96-2 range. A
close above this range would impart strength and the stock could move
easily to 2.12-2.15 subsequently. The near-term outlook for the stock
does not appear negative. Only a close below 1.78 would have negative
implications. Hold on with a stop loss at this level.
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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.
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
Labels: ARNA, CIS, SIRI, XNPT, ZNGA
