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Monday, May 05, 2014 

Stocks to Watch for May 06, 2014

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Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) broke out from its sideways consolidation today with a 3% rally and a close over resistance at $6.75. Look for follow-through on Tuesday with increasing volume to confirm today's move.

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Inovio Pharmaceuticals Inc (NYSEMKT:INO) Despite today's weakness, the short-term technical indicators have showed some improvement. The the macd is generating a fresh Bull cross while Slow Stochastic still moving up.

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Avago Technologies Ltd (NASDAQ:AVGO) might attempt to breakout above $66 level again and if it succeed we should expect a strong move to the upside.

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

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  • I'm a 43 year old Independent Trader using proprietary technical analysis with more than 18 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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