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Tuesday, February 24, 2015 

Stocks to keep an eye on February 25, 2015

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VirnetX Holding Corporation (NYSEMKT:VHC) looks like it wants to break out from a large base formation. It has a clear key resistance line around the $7 level, which it is approaching having gained 31 cents or more than 4.8% today, to 6.74. A move above the $7 level would confirm the breakout, with an initial target of 9.05 and secondary target of 13. Stop is at 5.65. The short/medium-term uptrend is definitely intact, the lows are rising and even the peaks are nudging up and up. In addition, technical daily indicators are giving positive signals as the stock trades above the 50 and 100-EMAs. I believe the stock can continue its medium-term uptrend and test the $10 levels in the coming weeks. With over a short interest of 14 Million shares and average daily volume of only 420K, the short interest ratio is at 32.8, meaning it would take 32 days for all the shares short to be covered. If the stock can break through $7 tomorrow, we should see strong volume drive the stock higher.

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BlackBerry (NASDAQ:BBRY) is starting to make a move to break through the recent top of its range. This is a good stock to watch and once it breaks through $10.48 on a close basis the should move higher. Jim Simons bought recently 3.3 Million Shares of BlackBerry.

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Fifth Third Bancorp (NASDAQ:FITB) looks poised for a break to the upside. Waiting for a break and close above the 19.57 level for a long position. Price will continue to move up as long as it sustains above the 20-day EMA.

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Steel Dynamics, Inc. (NASDAQ:STLD) looks like a good potential inverted head and shoulders here. The stock price continues its strong performance, consolidating sideways rather than correcting down too much. The neckline of the pattern is at the 20.23 area.

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Old National Bancorp (NASDAQ:ONB) A nice looking bullish pattern on the daily chart. A close above 14.26 would impart bullishness and would help the stock move to the 15-15.16 area.

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Microvision, Inc. (NASDAQ:MVIS) surged in the final hour of trading and closed back over 2.11. The real fireworks should begin if the stock can close above $2.16. As long as the stock can remain above $2.01, I like the stock. The MACD is starting to curl upward again which should eventually lead to price increases.

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.


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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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