Thursday's Stocks To Watch, Aug 23 2012
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Shares of Zynga Inc (NASDAQ:ZNGA) were up 29 cents or 9.76% to $3.26 per
share on 2x average volume, after JMP Securities initiated coverage
with a market outperform rating and PT $4.50. The stock has been on a
down trend since it reached 52 weeks high of $15.91 in early March.
Looking at the technical chart after today's action, the stock looks
like it will try for a gap fill as it broke the gap down. The RSI and
CMF indicators are also signalling Buy. The stock can be a good buy,
with 2.91 as closing basis stop-loss.
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PulteGroup, Inc. (NYSE:PHM) still shows strong signs of continuation
after 3-days of pullback. Looks like we are headed in the right
direction. I'll be watching the stock tomorrow looking
for a follow through move. As long as the stock stay above its 13-SMA, the bullish scenario still intact.
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Eldorado Gold Corp (NYSE:EGO) continues to breakout and now up nearly
30% this month. It might pause here but looking to add on any dip.
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Lululemon Athletica inc. (NASDAQ:LULU) continues to perform
strongly and appears poised to test the 200-day moving average line at
$65.89.
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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.
