Wednesday's Stocks to Watch, Aug 8
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Juniper Networks, Inc. (NYSE:JNPR) was a stock I alerted to my
subscribers/twitter followers last month as a bottom trade at $15 ( Stocks to watch on Thursday July 19 ) and is
now coming up to a big level as the stock is near its 200-day moving
average. The short term technicals are now reading overbought and the
likelihood of a pullback cannot be ruled out in the near term, before
any further upside to $20. For those who did not have a chance to buy
the stock, any pull back is your buying opportunity.
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Louisiana-Pacific Corporation (NYSE:LPX) made a new 52-week high of
$11.84 after gaining nealry 3.5% in yesterday's trading. The 52-week
range for LPX is 4.41-11.84. The stock trend looks really positive and
could move up further with resistance at $12. Immediate support is at
11.2-11 levels now. From a technical standpoint the stock is trading
above all of three major moving averages while the MACD is positive and
rising. Long Setup.
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Clearwire Corporation (NASDAQ:CLWR) has been on a remarkable run since last week. The medium term trend is turning positive as the stock is back above 50 day moving average. However, since RSI is overbought level there may be chance of short correction and for now $1.6 level will be hard to break.
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From a technical standpoint chart shows a nice bullish stochastics cross
combined with a strong bounce off the 50-day MA. This chart tells you
that the place to be in Weatherford International (NYSE:WFT) is on the
long side.
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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.
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AC
