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Saturday, October 13, 2012 

Watch these stocks next week

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Sirius XM Radio Inc (NASDAQ:SIRI) - The stock had a nice bounce on Friday, as this could be the start of a possible breakout move. Volume was on the light side, but once the stock breaks out we will see an upturn in buying. From a technical standpoint the technical indicators are looking stronger. All the three major moving averages are moving up, as the stock makes higher tops and bottoms. The 20-day sma has started moving away from the 50-day sma and both remain well-above the 200-day sma. The slow stochastic has entered the overbought level while the RSI is at 66. The MACD continues moving nicely above the signal line and in positive territory. The overall rally is not losing steam. I will be watching the stock again on Monday for a follow through.  On the upside, the level to beat is $2.79, which is the 52-week high.

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InterDigital, Inc.(NASDAQ:IDCC) - The stock touched a high of 37.98 and is correcting from there. The fall has been on decreased volumes, which indicates that the correction is unlikely to continue next week. The 50-day sma has flattened a bit but remains well above the rising 200-day sma. Chaikin Money Flow is positive and getting better. So, there is no immediate threat to the stock. If the stock price sustains above 50-day moving average can give an up move towards 38.

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Groupon Inc (NASDAQ:GRPN) has become increasingly bullish and is currently consolidating in an attractive pattern. A move past $5.50 would be a strong indicator of a further uptrend in the stock.

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Electronic Arts Inc. (NASDAQ:EA) Broke out of the range to the upside and closed over the 50-day sma. Watch for continuation. The next resistance level is around 14.

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Newell Rubbermaid Inc.(NYSE:NWL) broke out to new 52-week highs Friday on solid volume. I feel there is a nice move coming, which is why I will be watching the stock again on Monday. As long as the stock stay above $19.32, the bullish scenario is still intact.

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Take-Two Interactive Software, Inc. (NASDAQ:TTWO) -  Should breakout hard to upside when it crosses over $11.4. I think we are going to $12.4 very sson. Nice looking chart IMHO.

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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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