Wednesday December 12th watchlist
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Super Micro Computer, Inc.(NASDAQ:SMCI) About To Breakout ? After over two months of remaining below $10, SMCI
could be in the early stages of a big rally. Today, the stock moved
higher and I would not be surprised if it tests the $10.5 level before the year
ends. The technical daily chart shows an inverted head and shoulders
pattern with positive MACD and rising RSI. The stock is now trading
above 20-day and 50-day moving average, a bullish sign. The volume is
also picking up. A break above 9.50 offers an objective of 11.15.
Fundamentally, this company is profitable, it had sales of $1.04B, which
gives a price to sales ratio of 0.32, a reasonable balance sheet with a
current ratio of 2.24, a debt equity ratio of 0.11 and has promising
forward PE of 8. SMCI should be
watched closely.
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Shares of Research In Motion Limited (USA) (NASDAQ:RIMM) today broke out
of a bullish consolidation pattern that has been a pause in its steep
more than 45% up move in November. Look for follow-through on Wednesday
with increasing volume to confirm today's move.
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Green Dot Corporation (NYSE:GDOT) on the way to test the $13 level
again. The technical daily chart above shows that stock has consolidated
into a really tight range lately and is still trading within a rising
channel that started in October. With the stock again above the
50/100 day moving averages and stochastic moving up, it looks like the
stock is heading for the top of the channel again !!!
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NVIDIA Corporation (NASDAQ:NVDA) broke the downtrend line on Monday and
closed above its 50-day moving average today on high volume. This technical daily chart tells you that the place to be in NVDA is on the long side. The
next major resistance resides around the 13 price
region. Only a close above this level would suggest further upside.
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The short-term outlook for Groupon Inc (NASDAQ:GRPN) is bullish. Fresh
long should be made only when the stock closes above 4.88 with an up
candle.
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Power One Inc (NASDAQ:PWER) is showing signs of bottoming out on the charts along with the MACD and Stochastics giving positive signals. The price can move up to 4.79-5 in the short-term. Good base building around 4.
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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: GDOT, GRPN, NVDA, PWER, RIMM, SMCI
