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Wednesday, April 04, 2012 

Stocks Watchlist For Wednesday, April 04

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Level 3 Communications, Inc.(NYSE:LVLT) stock is building a nice flag, holding above 20 day SMA. Watching for 26.7 breakout.

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Macy's, Inc. (NYSE:M) surged 1.69% to 40.89 breaking out an important resistance with heavy volume. We should be able to see some decent upside movement for the bulls here. Technically, the stock still in a very strong bull market with MACD on top of signal line and 50-day moving average on top of 200-day moving average.

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Red Hat, Inc. (NYSE:RHT) broke out to new highs Tuesday on expanding average volume.  The short-term uptrend is intact and signals further bullishness on this stock. Buy the stock in dips with tight stop-loss at $58.

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Celgene Corporation (NASDAQ:CELG) had a nice breakout Tuesday on expanding volume and looks ready to extend it's gains. Keep on watch list.

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Ford Motor Company (NYSE:F) is trading within an ascending triangle with the down line at 12.25 and the higher line at 13. A break above this level with large volume would confirm the formation. Possible target price for the ascending triangle formation is at around $14.20. As you can see from the chart above, the stock is coming out of oversold territory with a bullish MACD crossover. Stay tuned.

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.


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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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