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Saturday, October 19, 2013 

Stocks to Watch for October 21, 2013

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Himax Technologies, Inc. (NASDAQ:HIMX) finished higher on Friday after bouncing off of its 20-day EMA, a strong support region, that may represent the bottom, in the short-term technical chart. Investors continued to support the stock around this key support level, absorbing the waves of selling and pushing the share price higher. There were 3 attempts over the last weeks to knock the share price lower but, each and every time, buyers absorbed the selling and kept on buying. Looks ready to break $11 and soar to new highs.

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National Bank of Greece (NYSE:NBG) broke out of its flag on Friday, with a gain of 36 cents to 5.85, closing above the 100-day EMA for the first time since May. Its momentum is likely to continue.

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Gafisa SA (NYSE:GFA) has been trading in a five-week sideways range in the 3-3.50 area after a big up-move in September. Watching for a break of 3.5 on volume to confirm continuation of the uptrend.

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Looking at the technical chart of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) it has created a bullish flag, which suggests that the stock may break above the recent highs soon. Keep a watch on it and enter long on a close over 9.53

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The strong move in NewLead Holdings Ltd (NASDAQ:NEWL) shares was something that I tweeted on Friday's morning. If you were following my twitter account you would have gotten the tweet when the stock was trading at 1.08. It ended the day at $1.69 a gain of 52%, trading more than 3.8M of shares, well above its average volume. Technical chart above shows bullish sign with %K line on top of %D line and CMF is beginning to move up coinciding with the gain in momentum. If the stock can break through $1.81, we should see a strong follow through move.

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ARMOUR Residential REIT, Inc. (NYSE:ARR) coming back for another test of resistance. Long over $4.39

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Pandora Media Inc (NYSE:P) broke out to new highs Friday on solid volume. The short-term uptrend is intact and signals further bullishness on this stock. Buy the stock in dips with tight stop-loss at $25.45 EMA20.

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Biogen Idec Inc (NASDAQ:BIIB) is inching closer and closer to another breakout move. The volume looks like it is picking back up and the MACD has crossed over. Look for a break above the 249 level to enter longs.

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Vringo, Inc. (NASDAQ:VRNG) A break of 2.83 should spike it to the 50-day exp moving average at $2.96. I will be watching very closely for news or unusual volume. The technical chart shows some signs of a possible bounce here due to the positive divergences (MACD, RSI, OBV) which often leads to short covering. The stock looks like it wants to run.

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.

Thanks for visiting AC Investor Blog.


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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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