Stocks to Watch for March 20, 2014
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ChemoCentryx Inc (NASDAQ:CCXI) has confirmed the breakout of the ascending triangle formation by surpassing 8.21 resistance level. The break out had substantial volume and MACD seems to confirm the break out. In addition, the A/D indicator shows that the stock has been under strong accumulation lately. Target price is $10.
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BlackBerry Ltd (NASDAQ:BBRY) is still holding the major support zone of $9. The uptrend remains intact as long as the support holds.
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Intel Corporation (NASDAQ:INTC) broke out from a sidewards movement today with high volume. The stock hit a high of 25.25 and a low of 24.77 during the day. A break over today's high could push it to test $26. The near-term outlook is bullish for the stock. MACD is positive and above the signal line. RSI is moving up and above its 50% level. Long setup.
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Broadcom Corporation (NASDAQ:BRCM) I like the idea of getting long here with a stop below the 200-day EMA. The MACD is making a bullish crossover and the RSI is also rising.
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Chipotle Mexican Grill, Inc. (NYSE:CMG) Looks ready to break out into new high territory. On watch.
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.
AC
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.
AC
Labels: BBRY, BRCD, CCXI, CMG, INTC
