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Thursday, September 05, 2013 

Stocks to Watch for September 6, 2013

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Himax Technologies, Inc. (NASDAQ:HIMX) Three strong days in the stock have produced a breakout on the chart. Pullbacks to 8 are buyable. For those of you who do not follow me on twitter, I tweeted HIMX at $7.85

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The chart of Universal Display Corporation (NASDAQ:OLED) caught my eye today. On the above technical chart, we can quickly see that the stock is forming an ascending formation waiting to be broken. A move above the triangle (38.1 levels) can trigger a sharp upside move towards 40. The money seems to be flowing into the stock as indicated by the technical indicator OBV. OLED is also a short squeeze candidate, with a short float at 25% (equivalent to 7 days of average volume). Since the trend prior was bullish, the breakout is likely to be to the upside.

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DryShips Inc. (NASDAQ:DRYS) breakout on volume today. The stock has been is on a remarkable run since July and it does not looks like the trend will change soon.

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Rite Aid Corporation (NYSE:RAD) For a buy entry, the stock needs to take out 3.62 in order to convince bullish buyers at these levels.

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Vale SA (NYSE:VALE) Starting to look strong again. Next buy area when clears the 16.09 level on heavy volume. The MACD has crossed above its signal and reversed its falling trend. RSI is moving up and CMF is positive.

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Itau Unibanco Holding SA (NYSE:ITUB) surged for the sixth straight day by adding 3.17% or 39 cents to $12.68 per share. Momentum indicators are bullish now with RSI inching away above the middle level and with MACD crossing above signal line. Price is expected to at least rally the next resistance at $13 and even go higher to test the next resistance level at $13.40

During the day I tweet many times to my readers. I encourage everybody to subscribe AC Investor Blog twitter and newsletter, so you can receive my trade ideas and stock news in real time.

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.


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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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