Stocks to Watch for October 09, 2014
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Plug Power Inc (NASDAQ:PLUG) was one of the few bright spots today, as the stock closed up $.25 on the day. If the stock price can break through the 20-day EMA, we should see a high volume upside move. Technically the stock now shows positive sign as it is now trading above 200-day EMA with KD rising. I will watch the stock closely on Thursday and buy once it breaks through resistance.
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Microsoft Corporation (NASDAQ:MSFT) bounced off its 50-day moving average support and appears to be well on its way to resume its uptrend.
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Cadence Design Systems Inc (NASDAQ:CDNS) The heavy buying today makes this an interesting situation and one worth watching on Thursday. This momentum could push this stock much higher from here. Next resistance is now seen at $18.10.
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Baidu Inc (NASDAQ:BIDU) continues to consolidate over the past two months. Only a move and close above 231.4 resistance will indicate further move up.
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Avanir Pharmaceuticals Inc (NASDAQ:AVNR) appears to be holding the 20-day EMA nicely. A break above $12.21 would be bullish.
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: AVNR, BIDU, CDNS, MSFT, PLUG
