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Wednesday, September 04, 2013 

Stocks to Watch for September 5, 2013

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Ciena Corporation (NASDAQ:CIEN) soared 13.83% or $2.86 cents to 23.54 per share after the company reported a Q3 EPS of $0.23 versus the estimated $0.16, beating by $0.07. EPS were Up 675% from the same quarter last year. Revenue came in at $538.40M versus the estimated $532.28M. Sales were Up 14% year over year. For the current period, Ciena expects revenue of $550 million to $580 million, versus analysts' estimates of $551 million. From a technical standpoint, chart shows the stock is in a bull market as the stock is trading above 50-day and 200-day exponential moving averages with both going up. In addtion RSI and MACD show buy signal as RSI has rose from oversold level and MACD is now on top of signal line.

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Himax Technologies, Inc. (NASDAQ:HIMX) - The stock is consolidating inside a large ascending triangle with resistance at 7.85. If it breaks out of this ascending triangle, target price is around $10.

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BlackBerry Ltd (NASDAQ:BBRY) is a buy based on today's bullish move. The stock broke the 50-day EMA and also the resistance of the base. First possible target price for this stock is at $11.52 and have to see from there. Looking at the technical indicators, we have the MACD near the center line and RSI moving up above its 50% level. 

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JDS Uniphase Corp (NASDAQ:JDSU) Starting to look strong again. If we reclaim the 50-day EMA and hold, i expect a rapid move toward 14.3 area. Keeping my eye on this one.

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Large volume for Yingli Green Energy Hold. Co. Ltd. (NYSE:YGE) for the last 2 trading days. This stock is now a candidate for a flag formation to alleviate its overbought technical condition.

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Facebook Inc (NASDAQ:FB) could be flagging. I'm stalking this stock to see if it clears 42.26 on volume.

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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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About Me

  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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