Stocks to keep an eye on April 10, 2015
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Cirrus Logic, Inc. (NASDAQ:CRUS) is still holding up well and the price has a chance to move higher. Keep this one on your watch list, it could be setting up to break out of this flag.
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VirnetX Holding Corporation (NYSEMKT:VHC) continues to trade within a large ascending channel with the lower and upper boundaries at 6.26 and 8.72 respectively. I still think this is a nice long setup. In the short-term there is a minor resistance around the $7 level. If it crosses that, we might see 8-8.30 in next week or so. The RSI continues to move up and the MACD indicator is also turning back up.
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AK Steel Holding Corporation (NYSE:AKS) looks poised for a break to the upside IMHO. The price has been holding a tight range. Long over 4.65 for a target of 5 with stop loss of 4.26. Daily technical indicators are looking bullish. The MACD is above its signal line and both are moving up in positive territory. RSI and slow stochastic are both near their bullish zones. Long setup.
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Lumber Liquidators Holdings Inc (NYSE:LL) is setting up nicely for a move higher. If it breaks the downtrend line with some good volume, we could see 37 quickly.
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Pacific Ethanol Inc (NASDAQ:PEIX) is building a nice Bullish pattern under the 200-day EMA (located now at 11.66). Watch for a break through that price level to indicate that another push higher will occur. In the medium-term, the technical daily chart still shows bullish sign as the stock is trading above both 20-day and 50-day EMAs with MACD rising in Bullish territory.
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Plug Power Inc (NASDAQ:PLUG) is in the process of bottoming and I expect a pop above $2.75 at some point in the coming sessions. From a technical standpoint, the MACD just crossed above signal and the RSI is showing some strength in this movement.
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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Ibio Inc (NYSEMKT:IBIO) jumped up by 32% today and closed at $1.05 share on strong money flow. This will be a stock to watch going forward.
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Thanks for visiting AC Investor Blog.
AC
Labels: AKS, CRUS, IBIO, LL, PEIX, PLUG, VHC
