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Thursday, December 18, 2014 

Stocks to Watch for December 19, 2014

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Clean Diesel Technologies, Inc. (NASDAQ:CDTI) is testing the resistance line of its two-month descending channel. A break above 2.10 should lead to a target in the 2.65-2.8 area. The chart above has some noticeable momentum indicators suggesting that the stock is ready to make a move. The strongest sign of a bullish momentum is the MACD indicator which has just started to increase. In addition, the RSI looks like it is on the edge of crossing back over 50% level and stochastics are edging out of oversold range as well. Accumulation on this stock remains elevated, even after the downtrend and OBV is also showing positive signs on the stock. Price is expected to at least rally the next resistance at $2.65 and even go higher to test the next key resistance level at $3. The forecast is valid only if the stock price stays above $1.80. Honestly, i think the stock is attractive at these levels and the technical setup and fundamental growth prospects look very promising IMO.

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Rambus Inc. (NASDAQ:RMBS) has already recouped its recent losses and the stock looks poised to break resistance at $12. The short-term outlook stays cautious till the stock closes conclusively above this level. So far the technical chart is still showing buy signal with stock trading above all major EMAs. Short-term traders can hold their longs with a stop at $10.99.

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Facebook Inc (NASDAQ:FB) The short-term bullish momentum continued today. The stock has recovered nicely and can potentially set-up very well for a swing-trade if the stock breaks through the resistance level at $78.88. Stay tuned.

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VirnetX Holding Corporation (NYSEMKT:VHC) had a strong day as the stock closed up 35 cents or 7.7% on decent volume. Today’s high of $4.96 is now resistance for the continuation move. The stock is back on top over 20-day EMA and MACD is showing positive momentum, while KD line also show buy signal as %K line is on top of %D line.

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SolarCity Corp (NASDAQ:SCTY) In order to stage a bullish trend reversal, the stock price needs to break above the downtrend line. I’m a buyer of SCTY on a break of the downtrend line.

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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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