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Tuesday, June 24, 2014 

Top Trade Ideas for Tuesday June 24th

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Liquid Holdings Group Inc (NASDAQ:LIQD) has been showing a surge in interest during the last couple of trading days. The stock price has broken out of its symmetrical triangle to the upside on Monday closing at 1.74. The target projection of this pattern could easily push the stock price towards the next key resistance level of $2.The company has a very small Float (30M shrs) and moves very easily. The technical chart is screaming buy after consistent days of strong accumulation and up-trending. The rsi shows a lot of room to go. I won't be surprised if the stock reachs $2 today. The recent strong accumulation is a very bullish signal. Keep an eye on it.

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Rambus Inc. (NASDAQ:RMBS) Still loving this company & setup, however the stock needs to work out the overbought condition caused by the recent rally. Buy point would be on the day it blows through $14.82 on heavy volume.

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VirnetX Holding Corporation (NYSEMKT:VHC) has a very interesting technical daily chart and could have a bigger move soon. The resistance for this move is $17.62. Chart indicate's the 20-day EMA is it's new solid base support. Worth watching for a breakout.

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Groupon Inc (NASDAQ:GRPN) was one of the winners on Monday, as the stock closed up 34 cents on the day with huge volumes, following an Outperform reiteration by Piper Jaffray with a price target of $16. The stock traced out a nice setup and the upside breakout has some power. I'm going to keep an eye on it and see how it reacts today. The short-term outlook is positive and a move to 7.24-7.38 appears likely.

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I have been watching Gogo Inc (NASDAQ:GOGO) over the past few days, waiting for a possible upside move. The stock seems to have found a strong support at present levels and the technical indicators are improving significantly. Looks good over $20 with volume. The short-term uptrend is intact and signals further bullishness on this stock. Stop 17.82

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UTi Worldwide Inc. (NASDAQ:UTIW) has recovered nicely and can potentially set-up very well for a swing-trade if the stock price breaks through the next key resistance level at $10.28. There could be good upside in this trade, so watch this stock closely today.

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Could play Cirrus Logic, Inc. (NASDAQ:CRUS) here for a move above $23.90. Technical chart looks Bullish with the MACD in positive territory and above the signal line. The RSI is also moving up and above its 50% level.

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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