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Saturday, January 23, 2016 

Chart Setups for Week of January 25th, 2016

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Chimerix Inc (NASDAQ:CMRX) Today I am giving readers a play that I have alerted in the past and had several times double digit gains in one day. I rarely alert the same stock more than once in a short period of time but CMRX is set up so perfectly I can not resist. As you could see by the daily technical chart above, the stock has the potential to witness a significant uptick. In the short-term, it has formed a small bullish flag. Breaking above 9.12 will signal the breakout of this flag formation pushing the stock towards 9.72. With a break of this key resistance point, the chart then enters into Blue Sky Breakout territory (HUGE GAP) and future resistances are not until way above. From a technical standpoint, money flow indicators starting to turn upward and MACD is gaining traction. RSI is also significantly oversold, which suggests a rally could be coming up. Plus, insiders and institutions have been buying. In my opinion and based on the chart, the stock is set for a big move next week. Be sure to get it on your radars. Im long and my stop is located at 7.49.

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KB Home (NYSE:KBH) rebounded on solid volume Friday. Gonna have to watch it carefully on Monday to see if we have hit bottom and should grab some for the ride back up. Daily technical indicators are displaying positive divergences. Slow stochastic is moving up from the oversold zone, suggesting that a bounce might take place and the daily RSI is giving the same signal. Watch the stock closely next week.

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Apple Inc. (NASDAQ:AAPL) had a big pop on Friday and the stock price finally broke out of the descending channel that has been forming since the beginning of the December 2015, which is very bullish. The technical daily chart appears to be bottoming with indicators pointing to short-term reversals. I feel that this stock can easily run to 106's in the near term. Note: Next week the company will report earnings and this technical outlook could change quickly.

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Facebook Inc (NASDAQ:FB) not only broke the descending channel formation on the daily chart, it also managed to reach the $98 zone yesterday. Important to see how this acts over the next few days. The daily technical chart is displaying positive divergences on momentum indicators and with the stock in oversold territory these are the perfect conditions for a short-term rally. The Relative Strenght Index has reversed the course and the daily MACD is starting to curl up, suggesting that a positive crossover could be coming soon. Note: Earnings Jan 27 AMC

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Juniper Networks, Inc. (NYSE:JNPR) has sold off over the past few months but looks to have found a bottom. The stock closed up 48 cents Friday on good volume. Daily MACD also gave a buy signal last week. Let's keep an eye on it as i think momentum will pick up. First upside target of $27

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Macy's, Inc. (NYSE:M) Will continue to watch this stock. Nice gap to fill if it can break through resistance.

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VirnetX Holding Corporation (NYSEMKT:VHC) struggling to breakout. The stock has been under strong accumulation lately and is now working its overbought condition. There is a need for profit taking for some consolidation from these high levels. The short-term outlook remains positive as long as the stock stays above the 9 & 13 EMAs. On watch for a clear of resistance (declining 200EMA).

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Kinder Morgan Inc (NYSE:KMI) had a very bullish move last week breaking several resistance lines with large volume and we should see a continuation move next week. The daily MACD chart is still showing an uptrend with the MACD indicator above its signal line and is indicating further strength. The RSI value is currently above 50% level. The short-term trend is bullish and a move to the 16.5/17.2 range appears likely. On watch.

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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.

Thanks for visiting AC Investor Blog.

AC

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  • I'm a 43 year old Independent Trader using proprietary technical analysis with more than 18 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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