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Friday, April 25, 2014 

Stocks to Watch for April 25, 2014

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Body Central Corp (NASDAQ:BODY) looks ready to breakout after all their recent announcements. The stock has been picked up by some big firms and looks to make yesterdays rally much more powerful. Blackwood Capital Management has 900,000 shares or 5.4 percent of the stock and Lane Five Capital Management said recently that it acquired 500,000 additional shares, bringing its total investment to almost 1.25M shares or 7.5% of all shares outstanding. With a limited amount of shares available in the float (15M outstanding) and 88% owned by institutions, the short interest of 3,184,900 million shares is a high percentage of the float, nearly 20%. As a result, a possible short squeeze is also likely and could the stock up quickly through resistance, which might create a panic buying situation among traders. I feel that the stock is set up to make a bullish move today, don’t miss out. Stop 86c.

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Citigroup Inc (NYSE:C) I continue to support the idea of a significant rally, probably even above the March highs. The bulls remain in control as long as it continues consolidating its recent move. We still need to see a break above 48.77 or 200EMA to confirm a continuation to the upside with a next target in the 51 area. Only a break back below the 47.8 would invalidate this bullish outlook.

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VirnetX Holding Corporation (NYSEMKT:VHC) is currently tracing out a possible bullish double bottom pattern. I would like to see significant volume show up and a strong close above its 50EMA to confirm a proper technical buy signal. This stock is still on my radar as I continue to believe that VHC has strong potential from technical as well fundamental point of views.

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RF Micro Devices, Inc. (NASDAQ:RFMD) had a strong move on Thursday, as the stock set new 52-week highs. The stock hit a high of $8.59, which is resistance for the follow through move. Charts on all time frames are bullish. You should watch this stock closely on Friday.

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BlackBerry Ltd (NASDAQ:BBRY) is gaining some momentum again. The technical daily chart shows possible new rally as %K line is back above %D line, while the MACD is also gaining strength. The stock needs to break out above $7.51 to go higher.

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Itau Unibanco Holding SA (NYSE:ITUB) broke out yesterday, after it has been consolidating the past few trading days. The stock moved up on heavy volume and should have a continuation move on Friday. If the stock can break through yesterday's high of $16.47, I am a buyer of the stock.

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American International Group Inc (NYSE:AIG) Looks like there were some nice buys coming in on Thursday so we might have a possible breakout play here, there is little resistance until $53.09. From the technical daily chart both MACD and RSI are showing bullish sign. Keep an eye on AIG.

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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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