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Saturday, October 27, 2012 

6 Charts to watch next week

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Calix, Inc.(NYSE:CALX) Price broke through resistance and out of descending channel/flag formation on a huge volume spike. The next resistance level to watch is at 7.35 ( 200-day moving average). Above this level could test 8 next. On the technical side, we also have a bullish MACD crossover. Long setup.

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This stock could see a short squeeze. InterDigital, Inc.(NASDAQ:IDCC) has been consolidating sideways the last few weeks and it broke the trendline resistance of 35 on Friday which leaves the door open for 38 area. A breakout could spark some short covering. Timing is everything and I truly believe IDCC is poised for strong upward momentum and another possible breakout coming soon. Additionally, technical indicators are turning up from oversold levels indicating more upside for IDCC. A lot of eyes are on this stock right now so make sure this is on your radar screens. Patience is a virtue !!

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Vringo, Inc. (NYSEAMEX:VRNG) back over $4. The stock displayed relative strength on Friday closing again above its 50-day moving average. I remain bullish but I hesitate to suggest new positions with the market looking vulnerable. I'm raising my stop loss to $3.66. Short-term levels to watch next week $4.23 and then $4.32.

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Newcastle Investment Corp. (NYSE:NCT) Could be a high flyer on breakout, look for break above $8.27 to enter longs. Bullish MACD cross on daily. 

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I see TiVo Inc. (NASDAQ:TIVO) on verge of breaking up out of compression. The stock closed the week above its' 200 day moving average, giving it even a more bullish set up.

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I have Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) on my watchlist. It may be ready to break out of this flag consolidation. I think there is a good risk/reward ratio right now.

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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.

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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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