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Friday, August 31, 2012 

Setups for the first week of September

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Another great day for Zale Corporation (NYSE:ZLC) as it breached new highs. ZLC closed higher for a 6th day on very impressive money volume. The trend continued higher based on the strong technicals. On the daily chart, the RSI is showing overbought levels, suggesting prices could face increasing resistance, so a pullback in the stock should be considered a buying opportunity as it is clearly above its 13-day moving average. 

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Shanda Games Limited (NASDAQ:GAME) was a nice winner for my readers and twitter followers. I brought this stock to your attention Thursday ( via twitter ) at $3.64 and today it closed at $3.89 on massive volume. Now GAME's stock just needs to consolidate underneath the 200-day moving average. I will be watching the technicals in the next several sessions.

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InterDigital, Inc. (NASDAQ:IDCC) continues to gain momentum. I definitely like the way its trading now and at some point I think it will leap over $35. Do not forget about the potential company share buyback ( $200 million ) and other recent positive news.
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NVIDIA Corporation (NASDAQ:NVDA) Needs to hold the 200-day moving average at $14 and as long as it holds on closing basis the downside is limited. From the technical analysis perspective, the outlook for the stock is relatively bearish. MACD and RSI charts are flashing bearish signal. However, due to the recent sell-down, the Stochastic is moving towards oversold territory in the other words signaling a BUY signal. This will be a stock to watch next week.

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Electronic Arts Inc. (NASDAQ:EA) - Traders continued buying up this stock as it surged again today this time to the tune of 2.54% on solid volume closing above its 13-day moving average. The stock warrants some attention next week. Bullish Stochastic cross on daily. Next resistance lies at 13.89 then 14.39

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StemCells, Inc.(NASDAQ:STEM) has been on a nice uptrend recently and could be ready to breakout after strong volume in the last two trading sessions. I wouldn't be surprised to see this stock trade back to $2.31 or better in the short term.

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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