Stocks to Watch for August 12, 2013
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Zillow Inc (NASDAQ:Z) looks good as it breaks to new highs. Looking at the technical daily chart above, it shows very strong upward momentum as the stock is above the 50-day exp moving average with both 20 day and 50 day exp moving averages going up. In addition, AC/DT and MACD also show very bullish signs. I'm a buyer of Z once it breaks through Friday’s high of $97.29 for the continuation move with a stop at 88.02. The immediate support is at $85.66. Watch it closely on Monday.
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Juniper Networks, Inc. (NYSE:JNPR) dropped through the lower line of the small triangle on heavy volume, after disclosing that it’s being investigated for possible violations of the U.S. Foreign Corrupt Practices Act. JNPR should be headed lower from here.
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Intel Corporation (NASDAQ:INTC) has more resistance above then support below. I am watching to see if the stock breaks lower here or if it will attempt to make a push to the $23 area again.
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Central European Media Enterprises Ltd. (NASDAQ:CETV) is still consolidating within a large ascending triangle on the daily chart and may still have a chance to move higher. I suspect that it will explode to the upside soon.
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Facebook Inc (NASDAQ:FB) looking at the chart above is hard to intepret the next possible move. Furthermore, it is moving really slow now. Entry point would be on the day it blows through $39.32 on heavy volume.
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AudioCodes Ltd. (NASDAQ:AUDC) looks poised to break out of this bull flag on the daily chart. Watch for a break out over 5.15
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Oi SA (NYSE:OIBR) is looking quite good here for higher prices IMO. Buy point would be right around $2 with a target of about 2.29.
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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.
Thanks for visiting AC Investor Blog.
AC
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: AUDC, CETV, FB, INTC, JNPR, OIBR, Z
