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Wednesday, December 04, 2013 

Stocks to Watch for December 05, 2013

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Another great trading session for Himax Technologies, Inc. (NASDAQ:HIMX). The stock price broke out of a small flag formation today and shot higher with strong volumes, indicating positive bias among investors. Today’s intraday high of $11 is the highest level the stock has touched in more than a month. This creates a strong bullish scenario for Thursday and we could see a breakout. I wouldn't be surprised if it breaks above $12 before the week ends.

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National Bank of Greece (NYSE:NBG) Looks like a Cup & Handle formation on the daily. Looking for a bounce to $6.5 in the short term.

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Microsoft Corporation (NASDAQ:MSFT) continues to impress to the upside. If the money continues to flow into this stock, you could expect more gains.

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Nuance Communications Inc. (NASDAQ:NUAN) had a strong bounce off the 13.5 level accompanied by a nice pickup in volume. I think we should be able to see some decent upside movement for the bulls here. The stock price may rise to 15 in the short-term.

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Riverbed Technology, Inc. (NASDAQ:RVBD) looks to be setting up for an upside move, as the stock price has held up well the past few sessions.

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DryShips Inc. (NASDAQ:DRYS) could be flagging here, watch for above average volume. I'm stalking this stock to see if it clears 3.55

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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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