Stocks to Watch for Aug 18, 2014
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WidePoint Corporation (NYSEMKT:WYY) ended Friday's session at 1.62, gaining more than 9 per cent with 1.1M shares changing hands. The stock price looks to be on a reversal of its short-term trend supported by a positive MACD cross and directional indicators. On the upside, the next resistance lies at 1.68
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Yahoo! Inc. (NASDAQ:YHOO) has been in a bullish consolidation over the last 3 weeks. The major resistance stays at $37. Fresh long positions should be made only when the stock closes above this level with an up candle on volume.
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Gold Resource Corporation (NYSEMKT:GORO) continues to demonstrate positive outlook. It is likely to show further upside if the stock price succeeds in convincingly breaching the next key resistance at 6.24.
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Celgene Corporation (NASDAQ:CELG) continues to demonstrate bullish outlook with its strong structure on daily charts. It needs a convincing break out at 90.50 levels to see a continuation of the trend.
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Glu Mobile Inc. (NASDAQ:GLUU) ended the Friday's session at 5.19, slipping down by 3.17% with 12.5 million shares traded. The stock price closed in red for the second consecutive session with relatively high volumes and demonstrates weakness with its recent downturn. Momentum indicators suggest flat move w/ a negative bias for the stock. Bulls need to hold the key support level of $5.
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Globalstar, Inc. (NYSEMKT:GSAT) ended yesterday session at 3.99, losing 0.25% with thin volumes after breaking out of the descending channel the day before. The stock continues to maintain positive outlook by holding above all major EMAs. On the up side, the stock is likely to find resistance at 4.20 then 4.42.
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: CELG, GLUU, GORO, GSAT, WYY, YHOO
