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Wednesday, April 27, 2016 

Stocks to Watch for April 28, 2016

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Eagle Bulk Shipping Inc (NASDAQ:EGLE) broke a falling wedge to the upside on strong volume expansion. The stock has a likely target of 0.90c and it may have the strength to go further. Use a stop at 48c. The daily technical indicators are also turning up from over sold conditions and the MACD indicator looks likely to form its own crossover. Keep EGLE on your radar for Thursday’s trading day, as there is good upside potential in this move.

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CONSOL Energy Inc. (NYSE:CNX) had a very nice day today breaking out above the $14.20 level on strong volume. As long as the stock can hold this level, it looks good.

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VirnetX Holding Corporation (NYSEMKT:VHC) There was no follow-through move after yesterday's rally to confirm the breakout, however the daily technical indicators remains positive and the bullish options flow that we saw on Tuesday, should be taken into account. I think that it will resume its climb very soon.

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California Resources Corp (NYSE:CRC) is setting up nicely to break out. Next buy point would be on the day it blows through $2.55 on heavy volume. The daily technical indicators are looking Bullish.

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Stone Energy Corporation (NYSE:SGY) has formed a resistance around the 1.3-1.35 zone. Watch to buy on a break above this key resistance level. Momentum indicators are rising on daily charts.

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NVIDIA Corporation (NASDAQ:NVDA) Flagging here. A breakout above $37.46 would constitute a technical entry for the short term trader looking for a quick trade. As long as the stock holds above the rising 20-day exponential moving average, the trend remains to the upside.

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Possible resistance breakout trade setting up on Microchip Technology Inc. (NASDAQ:MCHP). Good long setup if it takes out the 50.67 area on volume.

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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.

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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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