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Thursday, October 17, 2013 

Stocks to Watch for October 18, 2013

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NQ Mobile Inc (NYSE:NQ) broke out to new 52-week highs today. I am expecting to see the stock continue this move on Friday. As long as the stock stays above its 50-day exp moving average the bullish scenario is still intact. Technical chart shows bullish sign with %K line on top of %D line and MACD on top of signal line. Long setup.

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Facebook Inc (NASDAQ:FB) breakout with decent volume today, most likely has a few more moves in it.

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Krispy Kreme Doughnuts (NYSE:KKD) Good long setup (Inverted Head & Shoulders pattern), if it takes out the 23.53 level on volume.

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Short covering in some rare earth stocks produced strong gains in Avalon Rare Metals Inc (NYSEMKT:AVL) stock, that closed above its short-term exp moving averages on solid volume. This could be a significant turning point. On watch.

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Achillion Pharmaceuticals, Inc. (NASDAQ:ACHN) performed well today, closing up 3.7% on no news. Daily technical indicators are showing signs of turning around, which suggest a near-term bottom, including large positive divergences on MACD, Stochastics & RSI in daily. If the potential buy signal confirms itself, I will be looking for a move to the resistance area at 3.28-3.5 at the very least.

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Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA) is another Biotech name that looks poised for bounce from bottom. Daily RSI starting to turn up from deep oversold levels. I think short term the stock will break back over $5.

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Royale Energy, Inc. (NASDAQ:ROYL) starting to get some momo once again. In my view, the stock has formed a bottom in short-term and I expect a move past 2.76 to take the stock towards the target of 3.10 with stop-loss at 2.41. The daily technical indicators are looking mildly bullish. RSI is moving up and the MACD has a bullish crossover. Let's keep an eye on it.

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After consolidating sideways the last few days with an upward bias, Rite Aid Corporation (NYSE:RAD) broke out upwards today, accompanied by a volume surge. Looks good for higher prices.

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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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