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Tuesday, December 30, 2014 

Stocks to Watch for December 31, 2014

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I'm putting Celldex Therapeutics, Inc.(NASDAQ:CLDX) back on the list for another week. After making a big move in November, the stock has been in a consolidation mode. I feel it is going to make an upside move soon. The volume has been quite modest and the MACD seems to be stabilizing, which could power the rally that I think is coming. Additionally, the stock is still trading above its EMAs with RSI also in the Bullish territory. Resistance is $19.45, which is the top of this small consolidation range. This is a fast moving stock, so watch it closely but use your stops if it fails on the breakout. Im long.

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Toll Brothers Inc (NYSE:TOL) has a very interesting chart as the stock looks to be ready for a good upside move. It closed up $.28 on Tuesday as it hit a high of $33.37 on the day. This high broke above Monday’s high, which is another signal for an upside move. I'm a buyer of TOL once it breaks today’s high and expect to see heavy volume drive the stock higher.

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Shares of BlackBerry Ltd (NASDAQ:BBRY) closed again above the $11 level, a bullish sign that puts the next stage of resistance at $12.54. On the technical chart, we can see a few things going on here. First, the stock is testing a horizontal trendline acting as potential resistance. Also, MACD is indicating a trend reversal to the upside. Last, and definitely not least, we can see that the money seems to be flowing into the stock as indicated by the A/D indicator.


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Mattel, Inc. (NASDAQ:MAT) failed to follow-through to the upside after yesterday's rally. Major support is located at $30.39 while resistance is located at $31.01.

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Neurometrix Inc (NASDAQ:NURO) is set to rock IMHO. The company will unveil Quell, the Company’s Revolutionary wearable pain relief device at CES in Las Vegas in January 2015. This device utilizes NeuroMetrix's proprietary non-invasive neurostimulation technology to provide relief from chronic pain, particularly neuropathic pain such as due to diabetes and lower back problems. From a technical standpoint, the stock has been basing here over the past 11 weeks, while some indicators continue to show positive divergences. A big upside surprise from the CES event next week could be the catalyst needed to help move share prices back above $2 level. I went long today.

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Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) is trying to regain the ground that it lost last week. From a technical perspective, the stock has the opportunity to start new rally as %K line is back above %D line. However since the stock overall is still weak as the MACD is still below 0 and the stock is below the major EMAs, wait on the sideline for now before making any investment decision. I feel that a double bottom is a possibility here.


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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Monday, December 29, 2014 

Stocks to Watch for December 30, 2014

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JetBlue Airways Corporation (NASDAQ:JBLU) is consolidating below key resistance in the 15.80 area. A move above this level, would confirm the break of the one-month consolidation. Stops should be set in the 14.32 area.

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BlackBerry Ltd (NASDAQ:BBRY) stock continues to act well in all time frames. Looking at the hourly chart seems to be showing a bullish Inverted Head and Shoulders pattern. A move above 11.07 would confirm the breakout of the pattern, with a target of around 13.10. Initial stop loss is 10.57.

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First Solar, Inc. (NASDAQ:FSLR) From a technical standpoint the stock seems to be bottoming out out after a long downward slide. I know that it is too early to say for certain but looking at the daily chart above is very likely. The MACD continues to show positive divergence to the price and the RSI is near the 50% level. The stock is now basing in the $45's before the next move up.

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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Saturday, December 27, 2014 

Stocks to Watch for December 29, 2014

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BlackBerry Ltd (NASDAQ:BBRY) In the past few months we have noticed that Blackberry's stock has been on a consistent bullish uptick in market valuation forming higher tops and higher bottoms, which is a very good signal. In addition, the technical chart also shows the golden cross, a very bullish formation. In the short-term, the stock is flagging just below the previous highs and going forward I think stock will break above this resistance level based on technical analysis (several bullish candlesticks formed on the daily and the weekly charts). If it breaks $11.07 it will absolutely fly into the 12 area right away. A quick look at the technical chart: 

1) Daily technical indicators are in bullish zones. 
2) MACD is moving above its signal line and is crossing the zero line. 
3) RSI is moving sideways but above its 50% level. 
4) Slow stochastic still climbing. 
5) All major EMAs are rising and the stock is trading above them. 
6) The accumulation/distribution indicator shows now that the stock is under strong accumulation.

Keep watching the stock next week. The daily shows a clear picture of the bull trend that price has been in since June.

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VirnetX Holding Corporation (NYSEMKT:VHC) has pulled back to its 50-day EMA on very low volume, where it seems to be finding support. If this support holds on a close basis, it will keep alive the chances of a rise to 6.30 once again immediately and will increase the probability of a breach of 6.85. Daily technical indicators are in bullish zones. The MACD is rising above its signal line in positive territory. The RSI is above its 50% level and all short-term EMAs are moving up and the stock is trading above them.

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3D Systems Corporation (NYSE:DDD) had a strong bounce this past Friday, closing the session above its 20-day EMA with a volume expansion. Although the stock is still weak, as MACD is below zero line and the stock is below 50-day EMA, if the stock can go up a few more days it will be back to bull market. In the short term, the trend is bullish. There could be good upside in the stock, so watch the stock closely on Monday.

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King Digital Entertainment PLC (NYSE:KING) had a bearish momentum on Friday but closed again above the 20-day EMA. There are no changes in my technical outlook and stock is still trapped inside a small bullish flag as you can see on my daily chart above. The 50 and 100-day EMAs are rising and the stock is trading above them. Until proven otherwise, my bias is to the upside. I still prefer a bullish scenario but need at least a movement above 16.77 to end the current bearish correction. In addition, the call volume is spiking in the January contracts. I smell news coming.....

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First Solar, Inc. (NASDAQ:FSLR) is showing early signs of reversal. A high volume move through the 45.7 price level would be buyable. The MACD is showing a positive divergence and the RSI is attempting to breach line 50 level forcing me to think the possibility of a trend reversal.

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Microvision, Inc. (NASDAQ:MVIS) I like this stock for a reversal. Technically speaking chart is reversing. All 3 technical indicators are showing positive divergences. The MACD continues to rise bullishly and recently crossed the zero line. RSI and Slow Stochastic are above its 50% level. CES 2015 will start on the 6th of January and I believe this stock could pop at any time before the event. Stay tuned.

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Rambus Inc. (NASDAQ:RMBS) is trapped in a tight range but it still trading above 200-day EMA. We need to break above 12 to extend gains further. The bias remains neutral to bullish in short-term.

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Twitter Inc (NYSE:TWTR) based on the current trend the stock looks to be on a short-term uptrend mode with the 9 & 13-day EMAs working as key support. The stock is currently resisted by its 20-day EMA, acting as a strong short-term resistence. With good volume, it might crack that level of resistence and break the recent consolidation. On watch.

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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Tuesday, December 23, 2014 

Stocks to Watch for December 24, 2014

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Scorpio Bulkers Inc (NYSE:SALT) Potential bottom in the making. Daily technical indicators are showing the first signs of a positive divergence from price. The MACD is already displaying a clear bullish divergence to the price action over the past few weeks, this suggests that the upside momentum could be building up. In addition, the daily RSI momentum oscillator is signaling a positive crossover from the extreme oversold territory. Plus, the A/D indicator is also showing some positive divergence. The stock is now likely to test and potentially overcome its 20-day EMA in the days ahead.

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King Digital Entertainment PLC (NYSE:KING) After a significant rebound off its key support (100EMA) last week, the stock is now poised to climb towards the 17 key psychological resistance in the days ahead. Plus, the call options (Jan15 strike 20.54) have been very active in recent days, showing a more bullish stance. Im long.

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BlackBerry Ltd (NASDAQ:BBRY) is on track to test and potentially overcome the 11-11.07 zone resistance in the days ahead. MACD has turned up and RSI has plenty of room to support higher prices.

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TrueCar Inc (NASDAQ:TRUE) continued to show strength with another gain on solid volume. The technical daily chart looks very bullish with a short-term target of $25. The MACD inditcator is still climbing steadily, this implies that the current upside momentum is accelerating.

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Ceres Inc (NASDAQ:CERE) I took a long position in CERE today, it's an aggressive buy but the risk/reward ratio is good. The stock is trading well below cash with $28 million, or $0.58 per share. The pull back of today is minimal. The stock is displaying upside momentum and is poised to move higher from these levels. Trending indicators still showing positive signals. Initial target is around 40c.

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VirnetX Holding Corporation (NYSEMKT:VHC) is part of my portfolio and I intend to stay with it. After its recent sharp recovery, the stock is now hovering just below its 6.8 key horizontal resistance. As the MACD is about to break above the zero line, this suggests that the upside momentum is improving significantly.




Xmas Message !!!


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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Sunday, December 21, 2014 

Stocks to Watch for December 22, 2014

Hello traders!

Get ready for what could be a profitable week ahead. I've been scanning some good stocks setups and have located some fast gainers in my opinion.

Below are some charts to review.

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VirnetXHolding Corporation (NYSEMKT:VHC) Could see a huge potential breakout before the end of the Year ! The stock soared 19% on heavy volume on Friday, after the company said it will receive $23 million from Microsoft Corp. Under the terms of the agreement, Microsoft will pay $23 million to VirnetX to settle the dispute and to expand Microsoft's existing license on VirnetX patents. The new licence is great news. From a technical standpoint, the stock shows a promising chart that could be ready for another up-spike next week. The chart shows that $6 looks to be the next resistance level. If the stock breaks through that we could see some major gains by the end of the year. The stock is also trading a discount to its 200 EMA. This sets up the play for action as its undervalued status is another huge catalyst. The stock was on my radar screen on Thursday and I published here the alert. VHC should be on your radars now.

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Diana Shipping Inc. (NYSE:DSX) is currently trading below the $7 mark, a huge discount from the 12-month high of 13.93. The stock failed to continue its bearish momentum last week, closing the session on Friday with a strong bullish engulfing candlestick on HIGH volume. This fact could create a strong move higher at least in nearest term testing 7.80 area. The bias is bullish in nearest term. DSX's chart suggest that increased buy side activity could push share prices to much higher levels. I believe that the bullish accumulation witnessed during Friday's session is a prelude to what traders could see tomorrow.

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Zynga Inc (NASDAQ:ZNGA) closed Friday's trading session with a 10% gain and near the High of Day (HOD), which is a sign of a bullish continuation pattern. The stock broke out of a descending channel and looks to resume the trend higher. Specifically, there are some indicators suggesting it could rise to $3 in the coming week. Technically speaking, the strong Bullish Candlestick formation on Friday confirms that buying pressure came into the stock, since share prices advanced from open to close. In addition, MACD gave a new bullish cross. Stay tuned.

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Yelp Inc (NYSE:YELP) traded nicely on Friday and closed up 4%. The stock opened at $52.49 then moved to a high of $54.80 and closed at $54.59 for close in the green. The stock for now has a potential double bottom pattern and broke out of falling wedge last week. MACD is now rising and momentum indicators are showing signs or early turns. Looking at technical chart above there appears to be little resistance from keeping YELP from moving towards much higher levels next week. YELP is poised to surge upwards IMO. Stop 49

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AOL, Inc. (NYSE:AOL) broke out to new highs Friday on high volume. The short/medium term uptrend is intact and signals further bullishness on this stock. Go long on the break of Friday’s high at 48.21

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Facebook Inc (NASDAQ:FB) Looking at the technical chart above the stock is inching closer and closer to another breakout move. Buying momentum is still positive and strengthening. Breakout watch above 81.16

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ZIOPHARM Oncology Inc. (NASDAQ:ZIOP) broke above resistance in Friday's trading session after a small period of consolidation. I still like this stock and will be watching it again on Monday, expecting to see a continuation move.

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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Thursday, December 18, 2014 

Stocks to Watch for December 19, 2014

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Clean Diesel Technologies, Inc. (NASDAQ:CDTI) is testing the resistance line of its two-month descending channel. A break above 2.10 should lead to a target in the 2.65-2.8 area. The chart above has some noticeable momentum indicators suggesting that the stock is ready to make a move. The strongest sign of a bullish momentum is the MACD indicator which has just started to increase. In addition, the RSI looks like it is on the edge of crossing back over 50% level and stochastics are edging out of oversold range as well. Accumulation on this stock remains elevated, even after the downtrend and OBV is also showing positive signs on the stock. Price is expected to at least rally the next resistance at $2.65 and even go higher to test the next key resistance level at $3. The forecast is valid only if the stock price stays above $1.80. Honestly, i think the stock is attractive at these levels and the technical setup and fundamental growth prospects look very promising IMO.

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Rambus Inc. (NASDAQ:RMBS) has already recouped its recent losses and the stock looks poised to break resistance at $12. The short-term outlook stays cautious till the stock closes conclusively above this level. So far the technical chart is still showing buy signal with stock trading above all major EMAs. Short-term traders can hold their longs with a stop at $10.99.

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Facebook Inc (NASDAQ:FB) The short-term bullish momentum continued today. The stock has recovered nicely and can potentially set-up very well for a swing-trade if the stock breaks through the resistance level at $78.88. Stay tuned.

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VirnetX Holding Corporation (NYSEMKT:VHC) had a strong day as the stock closed up 35 cents or 7.7% on decent volume. Today’s high of $4.96 is now resistance for the continuation move. The stock is back on top over 20-day EMA and MACD is showing positive momentum, while KD line also show buy signal as %K line is on top of %D line.

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SolarCity Corp (NASDAQ:SCTY) In order to stage a bullish trend reversal, the stock price needs to break above the downtrend line. I’m a buyer of SCTY on a break of the downtrend line.

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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Wednesday, December 17, 2014 

Stocks to Watch for December 18, 2014

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KBR, Inc. (NYSE:KBR) The technical hart looks like it has bottomed here. The stock broke out of a falling wedge formation today and such a breakout indicates a bounce towards the $17 level. The momentum indicators are also turning up.

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Revolution Lighting Technologies Inc (NASDAQ:RVLT) has been flagging bullishly in recent days after a huge upmove earlier this month from sub1 to 1.30 area,  and is now on the verge of breaking out above resistance in the 1.35 area. A move above that level would position the stock to test its 100-day EMA located at 1.72. The technical chart shows a continuation of the trend with MACD and RSI rising.

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Plug Power Inc (NASDAQ:PLUG) had a strong bullish momentum today. The bias is now slightly bullish in nearest term but I'm not in a bullish mode. If the stock can stay above $2.75, then it has potential to rebound to $3.22 resistance inicially then $3.60.

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Baytex Energy Corp (NYSE:BTE) Nice runner from the buy list. This chart looks good but I took some profits today.

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Skyworks Solutions Inc (NASDAQ:SWKS) is getting closer to a major break-out so keep an eye on her and wait for a close over 71.34 to enter long.

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FARO Technologies, Inc. (NASDAQ:FARO) I see a potential cup and handle formation on daily. Breakout watch over 59.35

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Iridium Communications Inc.(NASDAQ:IRDM) looks very bullish on charts. The stock broke out above the downtrend channelling trading range with decent volume. Technical indicators are also supporting the bulls. The MACD crossed above the signal line, RSI is moving up & above its 50% level. EMAs are moving up and Stochastic 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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Monday, December 15, 2014 

Stocks to Watch for December 16, 2014

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Oasis Petroleum Inc. (NYSE:OAS) is just starting to move off its bottom. I think we could see a strong reversal over the coming days. Look at the six big volume sessions, that's serious accumulation IMO In addition, some of the momentum indicators are also showing positive divergences. Today an insider bought 50,000 shares. I'm long.

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Yahoo! Inc. (NASDAQ:YHOO) is consolidating its big run-up from late October from the 36 to 52 area. It's currently in a bullish flag formation. I'll keep this on watch for a potential breakout above 51.

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Whole Foods Market, Inc. (NASDAQ:WFM) Still flagging. Watching over 49.49 for reaction.

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Changyou (NASDAQ:CYOU) Looks poised to clear this next resistance area. Long when clears 24.55 on heavy volume. Macd has a new bull cross.

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EZCORP Inc (NASDAQ:EZPW) is consolidating below this key resistance area. One can buy/add when the clears 13.33 on volume.

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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Saturday, December 13, 2014 

Stocks to Watch for December 15, 2014

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Glu Mobile Inc. (NASDAQ:GLUU) The stock price is currently compressed by the 50-day EMA and the upper line of the descending channel within which the price has been trading since July. Will the stock break through this resistance ? Or retrace down ? If able break through 4.08, immediate resistance would be the 100-day EMA which is 4.38 level. If retrace down, 3.80 (13 & 20 EMAs) is strong support level.

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Basic Energy Services, Inc (NYSE:BAS) After huge retrace down, the stock seems to be showing a significant amount of capitulation here. Plus, with the daily momentum indicators at extreme oversold levels after last week’s selloff, a potential rebound is round the corner. I went long on Friday.

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TGC Industries Inc (NASDAQ:TGE) is another potential bottom-play, might bring some good scalping opportunities to the 2.75 level. Stochastics are triggering reversal and MACD is showing signs of bottoming.

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Denny's Corporation (NASDAQ:DENN) Not a good candle formation in the last session, most probably it will retrace down to test the breakout support. RSI & Stochastics remain very overbought, so a pullback within the next couple of sessions cannot be ruled out.

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Celldex Therapeutics, Inc. (NASDAQ:CLDX) My read is that the pullback is almost over and the stock can continue upwards. Since its high-volume up-move in the middle of the November the stock has been bullishly flagging on low volume. The previous breakout level (now very strong support) should attract buyers next week.

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Facebook Inc (NASDAQ:FB) failed to trade lower by the end of last week and the stock price is now in a short-term bullish trend as seen on the chart above. We should be able to reach 79.71 as long as we trade above the 50-day EMA. MACD is rising in the positive territory.

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Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) broke the bear flag to the downside on increasing volume. Based on the technical chart above, I think that there is a high probability of further downside momentum. Only a move back over 4.08 would negate the immediately bearish bias.

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Sangamo Biosciences, Inc.(NASDAQ:SGMO) Over the last two days of trading, the stock saw strong bullish momentum, something that helped the stock advance approximately 25%. This rally was halted slightly below the key resistance barrier of 17. Will the stock break through this key resistance next week ? Honestly, I think the stock could rest here for a bit before we see the next move up. The technical daily chart above shows the stock is about to be back to bull market as the 50-day EMA is about to cross on top over the 200-day EMA. Additonally, the MACD is still rising and above zero. Lets watch it closely.

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 44 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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