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Tuesday, August 07, 2012 

Tuesday's Stocks to Watch, Aug 7

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Ciena Corporation (NASDAQ:CIEN) displayed some impressive relative strength with a 5.32% gain. Look for imminent breakout above 17.3/17.4 resistance. Short-term technical indicators are improving and MACD histogram bars are slowly picking up while RSI is at 65. Keep an eye on it.

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Micron Technology, Inc. (NASDAQ:MU) - Entry point would be on the day it blows through 6.7 on heavy volume.

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Huntsman Corporation - (NYSE:HUN) There is a strong area of resistance at the 13.7 level and if that area gets broken to the upside there could be a nice move to higher levels in the 14.25/ 15 area. On watch.

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InterDigital, Inc. (NASDAQ:IDCC) - Trading in a tight range. A close above $32 is a good buy signal. Some of the indicators are showing signs of improvement, like Accum/Dist, MACD and RSI.

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Under Armour Inc (NYSE:UA) broke out to a new all-time high on Monday accompanied by a good volume suggesting higher levels.The stock has been in a nice uptrend and it looks very strong with both 50 day and 200 day moving average going up while %K line is on top of %D line. Long setup.

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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