Stocks on my watch list for Thursday, January 3
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Riverbed Technology, Inc.(NASDAQ:RVBD) got a nice upside break from a
small bullish pennant on stronger than normal volume. This breakout is
likely to spark another steady continuation over the next several days.
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Dendreon Corporation (NASDAQ:DNDN) has broken through the clear 5.50
resistance level on heavy volume and could be headed much higher. Look
for more strength so long as this stock remains above this level. Short-term technicals are positive.
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Himax Technologies, Inc. (NASDAQ:HIMX) - Solid breakout from a clear
consolidation at $2.45. Watch for a continuation higher through $2.81
for continued strength.
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NVIDIA Corporation (NASDAQ:NVDA) momo watch over $12.81. Looks like the
stock could try and take a trip to $13 or so if volume comes in.
Short-term indicators turning Up.
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Zynga Inc (NASDAQ:ZNGA) is trading within a clear consolidation at the
lows of the latest decline that began in the middle of December. The stochastic shows oversold conditions, but the RSI is heading upwards
to the 50 line again, which makes me stay neutral to Bullish. Watch
2.45 up, and 2.3 down for the potential breakout move.
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Dell Inc. (NASDAQ:DELL) Looks about ready to run here. Over 10.76, next stop 11.21 then the run to $11.75.
Labels: DELL, DNDN, HIMX, NVDA, RVBD, ZNGA
