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Monday, December 16, 2013 

Stocks to Watch for December 17, 2013

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Valeant Pharmaceuticals Intl Inc (NYSE:VRX) had good volume and a nice candlestick on Monday. Daily technical indicators are looking bullish. The MACD is now positive and has crossed above its signal. The RSI and slow stochastic have climbed above their 50% levels. Go long on the break of the resistance at 112.47 with a stop at 103.17

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ValueClick Inc (NASDAQ:VCLK) took out two key resistance levels on decent volume. Watch for a good follow-through day tomorrow and go long.

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ITT Corp (NYSE:ITT) finally broke out from an ascending triangle pattern on 2x average volume. Watch for a good follow-through day tomorrow and go long. Target price is around 45.09

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Grifols SA, Barcelona (NASDAQ:GRFS) may be setting up to make new highs. Go long on the break of the resistance level at 35.03 on heavy volume.

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Himax Technologies, Inc. (NASDAQ:HIMX) finally broke out of a cup with handle pattern accompained by a strong volume. The upside looks bright !


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Neurometrix Inc (NASDAQ:NURO) appears ready for another run imho. The stock continues to trade with enormous volume and the golden cross happened today. Keep it on your radar.

During the day I tweet many times to my readers. I encourage everybody to subscribe AC Investor Blog twitter and newsletter, so you can receive my trade ideas and stock news in real time.

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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Monday, August 18, 2008 

Stock Picks and Trade Ideas for Tuesday - ITT, GIFI, TRN

Chart courtesy of stockcharts ( click to enlarge )

Trinty looks like it is trading in a bull pennant with volume contracting as it consolidates. These patterns generally resolve to the upside as continuation patterns, so I am looking at a break of the recent narrow range candles as a potential signal that the uptrend is resuming. A breakout from the bull pennant should mark the beginning of the next leg up. It is still looking quite bullish overall.

Chart courtesy of stockcharts ( click to enlarge )

GIFI - The stock continues losing ground. Any close below $38.52 for me will mean that this bear market has started for GIFI. In addition, MACD is very weak, heading for zero with falling rally, downside pressure could intensify at any time. So a close below $38.52 would be our next important signal to watch for.

Chart courtesy of stockcharts ( click to enlarge )

ITT is pulling back after recent strong move up. If it does not catch support here on its 20 day moving average, look for support at the $63.86 level. The technical daily chart above shows that MACD fast line has fallen below slow line which could mean that this stock is losing momentum. Overall still bullish, but negative momentum is on the rise. Stay tuned on ITT Industries.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations. The charts provided here are not meant for investment purposes and only serve as technical examples.

That's All. See you tomorrow !!!

AC

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  • I'm a 44 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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