Some potential bounce plays to keep an eye on
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Crocs, Inc. (NASDAQ:CROX) Could see a significant bounce from this
level. The stock broke the short term trend line at 12.36 along with a
bullish MACD cross. Additionally, the RSI is bouncing off the 30 line.
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Molycorp Inc (NYSE:MCP) also produced a nice reversal candle today on
solid volume. If the stock can break today's high tomorrow, I think we
will rally back to the $7 level.
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Skyworks Solutions Inc (NASDAQ:SWKS) Stalking. I would like to see a
close over 21.07 before getting involved. The MACD is showing a positive
increasing divergence since the beginning of October.
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Pandora Media Inc (NYSE:P) has recovered from its Friday's low of $7.08.
The current rally should at least push the stock to $8 per share where
the major resistance is. The stock needs to close above this level to
indicate a continuation of the rally. If this rally fails there is a new
downside risk. Shareholders may remain invested with a stop-loss at
7.08.
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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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AC
Labels: CROX, FORM, MCP, P, SWKS
