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Friday, August 03, 2012 

Stock Picks for next week

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Sirius XM Radio Inc (NASDAQ:SIRI) is quickly approaching a big breakout if it can manage to trade above $2.20 on strong volume. A high volume move above this key level should set this stock up for a run back towards $2.3 to $2.36 or possibly even higher. Initial support is now 2.12. (13-day MA).

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LSI Corporation (NYSE:LSI) has a breakout point at $7.37 that would signal continuation of the uptrend. I would place a tight stop loss just above 7. Technicals have turned bullish signaling sideways to higher prices possible in the near term.

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Las Vegas Sands Corp. (NYSE:LVS) made a strong upside reversal today. The technical chart above suggests that stock might find now resistance at $39.42. Only a close above this level would suggest further upside. Remain invested with a stop loss at $36. 

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General Electric Company (NYSE:GE) is threatening to break out above the 21 area, closing today just 4 cents off its high. A move above this level would break the stock out of a small consolidation pattern.

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Intel Corporation (NASDAQ:INTC) - Broke downtrend line this week. I'm expecting follow through to the upside next week. The next technical levels that traders should be watching for are 26.63 and 27.51. 

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.

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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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