Wednesday December 19th watchlist
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Shares of Accretive Health, Inc.(NYSE:AH) broke out today above its
short term moving averages on monster volume. The stock is showing
increasing strength on the MACD, Slow Stochastic and RSI. At this point,
the next key technical levels that traders should be watching for are
at the 200-day SMA of $13.16 and at $13.58, which is the next
significant resistance. The short interest in this stock it's around 17%. Unusual volume can be a strong signal that hedge funds & momentum traders are piling into AH ahead of a catalyst.
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NVIDIA Corporation (NASDAQ:NVDA) - This stock spent the day trying to
break out from a nice bull flag. There is no change from my prior comments. We're still waiting for NVDA to breakout past $12.7. A high-volume move above that level could
set this stock up to re-test its October highs of $13.71.
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Rosetta Genomics Ltd.
(NASDAQ:ROSG) may face strong resistance at $4.73 (50-day SMA), above it
may test $4.93 and thereafter it may test $5.39. All the trends in
stock indicators are neutral or positive.
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Oracle Corporation (NASDAQ:ORCL) Great earnings. Entry point would be on the day it blows through $33.10 on heavy volume.
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Patterson-UTI Energy, Inc.(NASDAQ:PTEN) has made an awesome move on
Tuesday breaking out its resistance level. Plenty of room to upside. I recommend traders wait for a pullback to add or initiate positions in the stock.
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Labels: AH, CBS, NVDA, ORCL, PTEN, ROSG
