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Saturday, July 11, 2015 

Stocks to keep an eye on July 13, 2015

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Career Education Corp. (NASDAQ:CECO) got a nice boost during the session on Friday, as the stock gained more than 2% for the day on decent volume. I saw unusual options activity in the August $4 calls. The surge in call options activity could signal bullish sentiment. Plus, some technical indicators are also turning up. MFI is trending upwards (Positive money flow) and MACD Histogram is sloping up (pos divergence), indicating that the bears are losing momentum. A breakout and hold above the 3.35 resistance level next week will take the stock towards the next target of $4.

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Rambus Inc. (NASDAQ:RMBS) has been in a steep correction over the past few weeks that has shaved off 15% of its value. Daily technical chart shows oversold readings on short-time frames, probably indicating a short-term rebound. At this point, my focus remains on the bullish reversal scenario showed by the last white candle. If it breaks this steep descending trendline on strong volume, then I'm in.

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Facebook Inc (NASDAQ:FB) broke out to the upside of the flag formation, closing above $87 level. Because of this, I feel that this stock is ready to go towards its next target of $90 level. On the downside, 85/86 would act as strong support if correction is seen.

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XOMA Corp (NASDAQ:XOMA) broke out of a bullish horizontal resistance line Thursday on a large increase in volume. This bullish breakout suggests more medium-term upside. Although the MACD indicator suggests that the medium-term uptrend momentum is still intact, which favors a stable and sustainable move, there could still be a near-term pullback next week as the RSI is near overbought levels once again. As such, there could be a retest of the breakout zone which would serve as a confirmation. But for now, this stock looks like a nice potential play for an aggressive trader.

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Virgin America Inc (NASDAQ:VA) closed the week back over their 50-day EMA on solid volume. For further continuation of the uptrend price should break and close above Friday’s high heading toward next possible resistance level at 29.70

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ITT Educational Services, Inc. (NYSE:ESI) has been trading in a high volatility period, making Higher highs and Higher lows. Judging from the slow stochastic oscillator, we could see renewed run-up next week.

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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