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Tuesday, August 26, 2014 

Stocks to Watch for Aug 27, 2014

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Twitter Inc (NYSE:TWTR) jumped +2.07 or 4.49%, to close at 48.17 today. That was the highest close for the stock since April. Today's breakout gives Twiter stock a high probability for trend continuation towards the 50-52 area short-term.

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Finisar Corporation (NASDAQ:FNSR) stock price could see a nice pop over $21 a share for a gap-fill. Long setup.

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Marketo Inc (NASDAQ:MKTO) jumped today 3.66% and closed at 29.16, just slightly below key resistance and the top line of the symmetrical triangle pattern in which stock consolidated since July. If a breakout above 29.50 occurs, we could see an acceleration of momentum and move toward the 30-32 area.

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OncoGenex Pharmaceuticals Inc (NASDAQ:OGXI) jumped 4% today finishing the session near the highs of the day on high volume, suggesting buyers are stepping in. The move puts OGXI in high probability of a breakout above key resistance in the 3.39 area where it closed. If the stock breaks today's high, the momentum could move stock to the 4 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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