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Saturday, November 29, 2014 

Stocks to Watch for December 01, 2014

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American Airlines Group Inc (NASDAQ:AAL) made a solid 7.92% rally on Friday's trading session, breaking out of a consolidation pattern and will likely have the attention of the swing-traders in the next week. The short/medium term uptrend is intact and signals further bullishness on this stock. From a technical standpoint, the stock is now in overbought territory with an RSI value of 76.31, raising the probability of a pullback. For next week, a conclusive break above Friday’s candle high at 49.45 would open the door for a bullish continuation higher. With time the $50 level looks a real possibility.

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Shares of Vringo Inc. (VRNG) soared 11.42% or 10 cents to 0.972 per share on Friday after winning the first of a series of patent lawsuits against ZTE Corp. The stock broke out of a descending channel on heavy volume and from a technical standpoint, buy on dips might be better unless the stock drops below 87 cents. If the stock continues to climb and breaks above 1.14, look for 1.25, 1.48 and 2.12. Support to the downside can be found at 87c, 84c and 75c.

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Microsoft Corporation (NASDAQ:MSFT) nice bounce off previous resistance/breakout zone. According to the technical daily chart, the stock will be range bound until it breaks above 48.20 or falls below 47.27. Stay tuned.

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Twitter Inc (NYSE:TWTR) ended Friday’s session higher than opening. The stock peaked at $42.02 before settling back to $41.74. The pattern on the technical daily chart indicates that the bears remains in control while the stock is trading below the 44 level. In short-term, expect to see resistance at 42.08 and 43.95. If the bulls fail to penetrate the 44 barrier once more and the stock reverses, expect to see some support at 40.89, 40.71 and 39.94.

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Mattel, Inc. (NASDAQ:MAT) is testing the neckline of a potential inverted head and shoulder bottom. The bulls have to clear that level in order to continue climbing. The target of this pattern would be around 34.50. The technical indicator MACD is showing strongly bullish momentum and RSI continues to move higher. Until proven otherwise, my bias is to the upside.

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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.

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About Me

  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 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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