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Wednesday, October 31, 2012 

Thursday November 1st watchlist

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I had InterDigital, Inc. (NASDAQ:IDCC) on my watchlist a few times this month and today it broke out in impressive fashion on volume expansion. I believe we'll see some nice follow through tomorrow. This was a stock that ran from these current prices to over $70 a share not long ago. From a technical standpoint the stock looks very strong with both 20-day and 50-day moving average going up while MACD is crossing up its signal and %K line is on top of %D line. I suspect the stock may continue to appreciate over the coming days.

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TiVo Inc.(NASDAQ:TIVO) looks to be setting up for an upside move, as the stock has held up well the past few sessions. 

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Possible bounce play. I think Career Education Corp. (NASDAQ:CECO) has found support around the $3.27-$3.30 range and looks poised to post a bounce from here. We could see a 7-10% possible bounce up to $3.68-$3.75 a share if it breaks the resistance at $3.51.

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CIGNA Corporation (NYSE:CI) broke out today and traded nearly 2x normal daily volume. The stock has the potential to make a big run on Thursday, so keep a close eye on CI and don’t miss the trade.

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Mueller Water Products, Inc. (NYSE:MWA) broke out of its significant intermediate-term resistance at $5 today and surged considerably higher amidst impressive buying pressure.

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Research In Motion Limited (NASDAQ:RIMM) made a strong upside reversal today. The technical chart suggests that stock might find now resistance at $8. Only a close above this level would suggest further upside. I think the stock is due for recovery as %K line has crossed on top over %D line. The stock needs to close above this level in order to alleviate the negative near-term view.

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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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