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Thursday, June 07, 2012 

Stocks to watch on Friday, Jun 08

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Zalicus Inc (NASDAQ:ZLCS) - In the past few days we have noticed that ZLCS has been on a consistent bullish uptick in market valuation. This technical set-up still showing us a tremendous opportunity to potentially acquire the stock while the momentum is on the upswing. More importantly, ZLCS past the important resistance level of the 200-day MA for the first time since July 2011, which provides investors with more than a greater opportunity to witness a rally in market valuation on shares. Today’s high was $1.19, which is resistance for the follow through move on Friday. If the stock does break resistance, expect to see another strong upside move.

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Ciena Corporation (NASDAQ:CIEN) is currently above its 200-day moving average of $13.62 and should find resistance at its 50-day MA of $14.26. Short-term technical indicators are strong. If the stock can break today’s high of $14.28, we should see a strong follow through move. CIEN will move very quickly, so keep a very close eye on the stock. 

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Santarus, Inc. (NASDAQ:SNTS) has been trading a very tight range for a few days right up at resistance. If it clears resistance the move may be powerful.  On watch.

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Cirrus Logic, Inc. (NASDAQ:CRUS) is ready for a possible rally if breakout key resistance level of $29.5 with big volume. I notice that the Accumulation/Distribution indicator still growing, it means accumulation. Stay tuned. 

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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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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