Stocks to watch on Wednesday July 18
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The short-term outlook for MetroPCS Communications Inc (NYSE:PCS) is bullish. Fresh long should be made only when the stock closes above 6.65 with an up candle.
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Newfield Exploration Co. (NYSE:NFX) made a nice move on Tuesday and
looks ready to continue on Wednesday. NFX was strong all day as it
closed up 3.5% to 31.38. If the stock can break Tuesday’s high of
$31.49, we should see a continuation move. I will buy NFX above those
highs on this breakout move.
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Pfizer Inc. (NYSE:PFE) has been is on a remarkable run since August 2011
and it doesn’t looks like the trend will change soon. Yesterday, the
stock broke out to a new high of $23.73, having struggled to breakout
for the past two months. From a technical perspective the stock still
looks bullish and there is no evidence we can see for a major correction
just yet. The trend is in favour of Bulls and PFE has now room to go
higher. MACD and RSI both in Bullish areas.
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Carrizo Oil & Gas Inc. (CRZO) is coming up to a big level, as the
stock is near its 200-day moving average. I'll be watching this stock
closely today as I expect to see a strong move once the stock breaks
through resistance. A move past $25.78 would be a strong indicator of a
further uptrend in the stock. The technical daily chart show a
continuation of the uptrend with MACD and RSI in the Bullish areas.
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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
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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