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Saturday, September 28, 2013 

Stocks to Watch for September 30, 2013

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Blyth, Inc. (NYSE:BTH) A short squeeze on the horizon ? This stock has surged in recent days amid HEAVY volume and closed the week above its 100-day EMA for the first time since April. With almost 62% of the float short or 5,567,300 shares, I think this stock is due for a big move higher. On the technical side, the short-term daily chart remains bullish. The stock is trading above its 20-day and 50-day EMAs but slightly below its falling 200-day EMA. Plus, the MACD is positive and rising. If the stock can break through $14.49 resistance, we should see another strong upside move. BTH will move very quickly, so watch the stock closely next week.

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Magnum Hunter Resources Corp (NYSE:MHR) broke out to new highs Friday on high volume. The short/medium term uptrend is intact and signals further bullishness on this stock. Buy the stock in dips with a stop-loss at $5.41

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Pandora Media Inc (NYSE:P) appears to be consolidating in a bullish pennant formation, well above the rising 50-day EMA. If you are not already in this one wait for the break of the consolidation zone on volume. The AC/DT indicator continues to show accumulation. Pandora is one to put on watch next week.

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EnteroMedics Inc (NASDAQ:ETRM) has been flagging bullishly just above 1.20 zone and on Friday had another strong bounce off 100-day EMA and price level support. The bullish signal is coming from the AC/DT indicator that is turning up again, which means the stock is being accumulated. In addition, we see that there was a bullish crossover signal last week, with the 20-day EMA crossing above the 100-day EMA. Long setup.

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American Capital Ltd. (NASDAQ:ACAS) showed strength all day and broke out of a triangle pattern consolidaton Friday. If you do not already own the stock, the next buy point is when it clears the 13.94 level on volume.

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Bank of America Corp (NYSE:BAC) A major support has been broken down last week at $14. Technically, the stock is in a Bearish mode with MACD below signal line and the price below both 20 and 50 day exponential moving averages. The stock has a key support level at $13.75 (100-day EMA). Buy only when the stock reverses from this support.

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Itau Unibanco Holding SA (NYSE:ITUB) On the daily, we can see that the stock has found a nice support above its 200-say EMA. It's probably back to uptrend and with RSI rising we could see possible rally coming for the stock. The short-term targets are $14.5 and then $14.94. Let's keep an eye on it as i think momentum will pick up. Stop 13.49 (EMA100)

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Google Inc (NASDAQ:GOOG) is sitting right on its 100-day exponential moving average at $869.9. It has a good base at 860 which can be used as a stop loss for long position. On the upper side, the move is likely to accelerate above 882. Short-term investors can hold the stock as long as it trades above 870.

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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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