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Wednesday, August 15, 2012 

Stock Picks for Thursday August 16

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Jefferies Group, Inc. (NYSE:JEF) is currently trading in a tight flag and is certainly worth watching on a break of the flag. Fresh buy should be initiated only when the stock moves above $13.50

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InterDigital, Inc.(NASDAQ:IDCC) made a nice upside reversal today. The technical chart above suggests that stock might find now resistance at $33.08. Only a close above this level would suggest further upside. Both RSI & MACD are bullish as the MACD continue to trend upwards and the RSI still above the 50% level. I'm long on this stock with a strong position and not afraid of the daily fluctuations.

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Sprint Nextel Corporation (NYSE:S) has proven its bullishness. In last trading session, the stock has given a breakout by closing above $5 price level which has proved to be a strong resistance in past trading sessions. Today’s high was $5.49, which is resistance for the continuation move on Thursday.

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Electronic Arts Inc. (NASDAQ:EA) Look for a break above the 13.16 level to enter longs. From a technical standpoint the RSI is moving higher, which is a sign of growing strength in the stock and the MACD still above zero line. Keep a very close eye on the stock as it will move quickly once it breaks through resistance. 

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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