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Sunday, May 18, 2014 

Stocks to Watch for May 19, 2014

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Gogo Inc (NASDAQ:GOGO) saw its shares surged almost 5.5% to $13.68 per share on Friday after a report has shown that few insiders have bought a total of 190,000 shares last week. Generally, when insiders buy shares in large amount, it's a sign that positive things are coming. In addition, on Thursday it was reported that the Billionaire George Soros bought 350K shares. From a technical standpoint, the stock price has very strong bounce potential at current levels and has been in basing formation for the last couple of days. If the stock price can keep going up and break the resistance at $14.08 this could further confirm the uptrend. Given the high level of short interest, we could see a short squeeze happen in the next few days. The company has a very small Float (only 53MM shares) and moves very easily. You should watch this stock closely next week.

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Actuate Corp (NASDAQ:BIRT) broke out into the gap area with heavy volume and I expect a continuation of the move that started last week. The MACD is curling up and the accumulation line is moving higher. Will Continue to watch this stock. Nice gap to fill. Long setup.

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Pandora Media Inc (NYSE:P) starts showing buy signals again. However, after recent decline in share price, a good entry point will be only in a break of its 20-day exponential moving average at $24.53 on heavy volume.

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Apple Inc. (NASDAQ:AAPL) Looks ready to breakout next week. The stock has been consolidating in the 585-601 area for the last 3 weeks, and closed Friday near the top of the sideways channel. A break through that top, would lead to a next test of the 620 resistance area.

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Stillwater Mining Company (NYSE:SWC) jumped 69c or 4.42%, Friday to close at 16.29, slightly below its all-time high. The stock price could see acceleration toward the 16.65 area if a breakout above its all-time high occurs.

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Newfield Exploration Co. (NYSE:NFX) is in a strong bullish trend, having gained almost 50% since February. There is a high probability for a trend continuation in the next sessions, as the stock could test the key resistance level in the 34.60 area.

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Ball Corporation (NYSE:BLL) Watch this bull flag. Keep an eye for a possible breakout over 60.

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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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