5 stocks I will be watching for potential trades
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OCZ Technology Group Inc. (NASDAQ:OCZ) - On the radar. The stock
closed at $5.76, up 43 cents points for the day on expanding volume, regained its 50-day
moving average and reconfirming that a new short-term uptrend is in place.
Further rise is expected to follow to retest $6 level. Near term support
is now located at $5.33, as long as this level holds, I'd expect the
uptrend to continue. Long-term investors may hold with a stop at $4.90.
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DAKT Skechers USA Inc (NYSE:SKX) stock broke out today but failed to
close near the highs. SKX pulled back during the day, however still
closed higher than the high of the previous two sessions, which is
bullish to me. Let's see how this trades tomorrow.
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InterDigital, Inc.(NASDAQ:IDCC) is one of my favorite long term plays
and the technicals are setting up in favor of the bulls. The MACD has
risen strongly above zero and OBV continues to rise, indicating
continuing accumulation. The stock is now approaching a key medium-term
resistance zone around 34.34 ( 200-day MA). A move above this technical
level is likely to spark a short-covering rally towards $35.IDCC is also
heavy shorted which only means one thing.... squeeze ;-) Keep an eye on
IDCC, near breakout levels.
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Astex Pharmaceuticals, Inc. (NASDAQ:ASTX), like it above $2.8
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Silver Standard Resources Inc. (NASDAQ:SSRI) - The 200-day MA is right
above $13.94, I like it above that level. Solid upside volume showing up
this week and that shows continuing accumulation in the pattern. Now we
wait for the breakout move. The short-term uptrend will not be threatened unless the stock goes on to close below the second support 12.21.
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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.
Labels: ASTX, IDCC, OCZ, SKX, SSRI
