Watchlist for Tuesday October 9th
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Breakout !! After a month of consolidation between the high of 35.42 and
support at 32.5 shares of American International Group, Inc. (NYSE:AIG)
broke out higher today to new highs on solid volume with strong RSI and
MACD. This is a short-term bullish development.
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Career Education Corp. (NASDAQ:CECO) Break out watch over $4.18 with volume. Technicals look Bullish to me. I
alerted my followers on twitter this morning at 3.85 when I saw unusual
volume activity.
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The rally in Groupon Inc (NASDAQ:GRPN) continued and shares hit my
trigger to open bullish positions at $5.48 today. This is a new
month-high and a move over significant resistance. The first target to
take profits is $6.
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OmniVision Technologies, Inc. (NASDAQ:OVTI) Bounce play. CCI giving a
buy signal from oversold area and MACD histogram reversing from the
recent low. Additionally the two major moving averages ( 50 and 200
SMA ) are turning up ! On the downside the next support is at 13.69
while on the upside I am looking resistance at 14.5 with the next
resistance at 14.97
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Vringo, Inc. (NYSEAMEX:VRNG) has been trading heavy volumes recently and
continue to impress with another show of strength. The stock looks
poised to breakout higher but I'm not suggesting new positions at
current levels due to the overbought signs on Stochastic & RSI.
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InterDigital, Inc. (NASDAQ:IDCC) The volume was very light but the trading action was encouraging.
Traders / Investors bought the dip several times near the $36 level.
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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.
Thanks for visiting AC Investor Blog.
AC
Labels: AIG, CECO, GRPN, IDCC, OVTI, VRNG
