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Tuesday, November 05, 2013 

Stocks to Watch for November 06, 2013

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Weatherford International Ltd (NYSE:WFT) broke out of a short consolidation phase. Today's volume was what you want to see when a stock breaks resistance. Watch for a follow through move on Wednesday.

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Lowe's Companies, Inc. (NYSE:LOW) nice follow through day. Watch Wednesday's action for a possible breakout over $50.74

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salesforce.com, inc. (NYSE:CRM) looks very good here, especially if market attempts a rally, a possible breakout over $56.24 is likely. Bullish MACD crossover.

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I think Oncothyreon Inc (NASDAQ:ONTY) has found a bottom here and looks poised to post a rally from current levels. Although the stock didn't perform well in October, we start to see now some signals of rebound as the technical chart shows positive momentum is back. The RSI has crossed over 50 and the MACD is about to cross the trigger line on the upside. If stock breaks $1.92 then the stock can head to $2 and if this level is breached then the level of $2.2 is visible.

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Keep Navistar International Corp (NYSE:NAV) on watch, go long over 39.82 on volume

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Royale Energy, Inc.(NASDAQ:ROYL) Momentum has been rising since the October low's and has reflected a strong divergence buy setup. The stock is now testing the 200-day exp. moving average and I think offers a good perspective into the overall sentiment. If a breakout occurs on volume, look for upside price targets in the previous $3.15 area.

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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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