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Thursday, July 26, 2012 

Four HOT stocks Breaking out

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I had this stock on my watch list and it did not disappoint. Congrats everyone who bought XenoPort, Inc. (NASDAQ:XNPT) when I put out an alert on it this Tuesday, check 5 swing trade ideas to watch . The stock has gained more than 35% value in the last three sessions. XenoPort shares are clearly under accumulation as traders become familiar with this company's potential. The accumulation line continues to scale new peaks as somebody out there gets extra-hungry for XNPT at these levels. The stock hit a high of $8.50, which is now resistance for Friday’s continuation move. If the stock can break through resistance, we should see another strong upside move. XNPT will move very quickly, so watch the stock closely on Friday.

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AT&T Inc. (NYSE:T) stock hit a new high and continues to draw interest. I would keep a close eye on this stock going forward it may make for a great trade. As long as the stock stay above $34.58, the bullish scenario still intact. From a technical perspective, the chart shows very strong bullish sign. The stock is trading above both 50-day and 200-day moving average with both moving average pointing upwards. Additionally, the accumulation/distribution line still show the stock is on the positive swing. Today’s high was $36.43, which is resistance for the follow through move. If the stock can break through this level, expect to see heavy volume drive the stock higher.

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Equinix Inc (NASDAQ:EQIX) broke out and never stopped all day. There is a good chance the stock will continue to move up. 

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Under Armour Inc (NYSE:UA) broke out to new highs today on decent volume. Investors continued buying up this stock, as it surged again today this time to the tune of 2.5%. It is hard to predict how far the momentum will take the stock. I'm using today’s high of $55.95 as resistance for Friday. A break above that area could trigger further bullish momentum and keep the bullish scenario intact. The outlook for UA stays robust until it stays above $48.

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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