Stocks to Watch for January 7, 2014
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Medivation Inc (NASDAQ:MDVN) had a very bullish momentum today, broke and closed above $65. Looks like it is getting ready for a new breakout. Watch this stock price as it approaches the major resistance area. All technical indicators are bullish.
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Arca Biopharma Inc (NASDAQ:ABIO) could be in the early stages of a technical breakout. If the stock price can break through 1.77 (200EMA), expect to see heavy volume drive the stock higher. Momentum indicators are bullish. The MACD is positive and above its rising signal line. Both the RSI and slow stochastic are above their 50% levels. Technically, my model remains long, targeting $2.
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BlackBerry Ltd (NASDAQ:BBRY) After consolidating sideways the last few sessions with an upward bias, the stock price broke out upwards today, accompanied by a volume surge. Looks good for higher prices. Next stop 8.45 then 9.44
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DryShips Inc. (NASDAQ:DRYS) It will be interesting to see tomorrow, if the strong support of $4 holds, if not, the downtrend may continue.
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Tetra Tech, Inc. (NASDAQ:TTEK) Volume starts to pick up. Could make a nice move to the upside. A break and hold 28.25 could lead to a substancial gain in shares.
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Facebook Inc (NASDAQ:FB) ended the day 4.84% higher at $57.2 on above average volume. It broke through the $55.4 resistance and looks poised to make new highs this week. From the technical chart, the MACD and RSI both signal positive strength. The AC/DT line also confirms buying pressure. The stock price is trading above both 50-day and 200-day EMA and 50-day EMA is on top of 200-day EMA heading upwards. Long setup.
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.
AC
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.
AC
Labels: ABIO, BBRY, DRYS, FB, MDVN, TTEK
