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Wednesday, May 30, 2012 

Thursday's Stocks To Watch, May 31 2012

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Groupon Inc (NASDAQ:GRPN) - Daily chart shows a bearish pattern. Break and close below $10.90 will favor the Bears for short term. But daily MACD is showing some divergence in favor of bulls. For this to work, the stock price should hold the support line and start to move up.

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Zynga Inc (NASDAQ:ZNGA) - On the daily chart, the stock sold off today and made a new low for the current sell-off. ZNGA can continue going down, because there is no supports below. Unless the stock can recover above $6 again, the technical outlook for the stock will be bearish and we should reduce our exposure. Hard to say how far down it will go, since that depends on the strength of any selling. 

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Morgan Stanley (NYSE:MS) MACD is showing positive divergence.  If the stock price does not make new lows we may see an up move.

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Apple Inc.(NASDAQ:AAPL) closed at 579.17. The next resistance is at 580 and 588.35 respectively. The technical chart continue to show a bullish bias. The MACD line is pointing up. RSI is also increasing and is now above the 50% level. +DI is above –DI . Additionally, in the daily stock is forming a Possible Inverted H&S pattern. This pattern is a bullish one so a rally could happen. Let's see if the stock price will confirm it.

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DryShips Inc.(NASDAQ:DRYS) shares surged more than 3 percent accompanied by a strong volume expansion. The price can move up to 2.51-2.6 in the short-term. Good base building around 2.17.

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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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