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Tuesday, August 14, 2012 

Tuesday's Stocks to Watch, Aug 14

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E TRADE Financial Corporation (NASDAQ:ETFC) is flagging here. If it breaks $8.62 it will absolutely fly into the 9's right away. Watching for another pop on this one.

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A nice recovery for this stock from 2.20 last week to 3.63 yesterday. Pizza Inn, Inc. (NASDAQ:PZZI) is now overbought and may need to work this condition before heading higher again, however history has shown that stocks can run overbought for quite some time with a bullish MACD. Resistance for Tuesday’s move is $3.94, which reflects Monday’s high of the day. I will watch PZZI closely today for this continuation move. 

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Viropharma Inc (NASDAQ:VPHM) Look for the break above the 24.92 level to enter longs.

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Sprint Nextel Corporation (NYSE:S) has been in an upwards trend the past few weeks and looks ready to continue this move. The stock is worth watching today especially if the market shows strength. Resistance is $5.09, which reflects Monday’s high of the day. The technical chart above also looks pretty good as the golden cross has formed late June, RSI is around 80 and MACD is above 0. There could be profit taking as S seems to rise too quickly in a short time. However now that the stock is in breakout mode, we should see the trend continue to be upward. Keep the stock on your radar for Tuesday’s trading session. The stop loss should be placed few cents under the support $4.60.
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Tesoro Corporation (NYSE:TSO) hit new highs of $39.23 on Monday, which is resistance for the follow through move on Tuesday. If the stock can break through highs, we should see another high volume move as the stock moves higher. 

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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