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Sunday, December 21, 2014 

Stocks to Watch for December 22, 2014

Hello traders!

Get ready for what could be a profitable week ahead. I've been scanning some good stocks setups and have located some fast gainers in my opinion.

Below are some charts to review.

( click to enlarge )

VirnetXHolding Corporation (NYSEMKT:VHC) Could see a huge potential breakout before the end of the Year ! The stock soared 19% on heavy volume on Friday, after the company said it will receive $23 million from Microsoft Corp. Under the terms of the agreement, Microsoft will pay $23 million to VirnetX to settle the dispute and to expand Microsoft's existing license on VirnetX patents. The new licence is great news. From a technical standpoint, the stock shows a promising chart that could be ready for another up-spike next week. The chart shows that $6 looks to be the next resistance level. If the stock breaks through that we could see some major gains by the end of the year. The stock is also trading a discount to its 200 EMA. This sets up the play for action as its undervalued status is another huge catalyst. The stock was on my radar screen on Thursday and I published here the alert. VHC should be on your radars now.

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Diana Shipping Inc. (NYSE:DSX) is currently trading below the $7 mark, a huge discount from the 12-month high of 13.93. The stock failed to continue its bearish momentum last week, closing the session on Friday with a strong bullish engulfing candlestick on HIGH volume. This fact could create a strong move higher at least in nearest term testing 7.80 area. The bias is bullish in nearest term. DSX's chart suggest that increased buy side activity could push share prices to much higher levels. I believe that the bullish accumulation witnessed during Friday's session is a prelude to what traders could see tomorrow.

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Zynga Inc (NASDAQ:ZNGA) closed Friday's trading session with a 10% gain and near the High of Day (HOD), which is a sign of a bullish continuation pattern. The stock broke out of a descending channel and looks to resume the trend higher. Specifically, there are some indicators suggesting it could rise to $3 in the coming week. Technically speaking, the strong Bullish Candlestick formation on Friday confirms that buying pressure came into the stock, since share prices advanced from open to close. In addition, MACD gave a new bullish cross. Stay tuned.

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Yelp Inc (NYSE:YELP) traded nicely on Friday and closed up 4%. The stock opened at $52.49 then moved to a high of $54.80 and closed at $54.59 for close in the green. The stock for now has a potential double bottom pattern and broke out of falling wedge last week. MACD is now rising and momentum indicators are showing signs or early turns. Looking at technical chart above there appears to be little resistance from keeping YELP from moving towards much higher levels next week. YELP is poised to surge upwards IMO. Stop 49

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AOL, Inc. (NYSE:AOL) broke out to new highs Friday on high volume. The short/medium term uptrend is intact and signals further bullishness on this stock. Go long on the break of Friday’s high at 48.21

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Facebook Inc (NASDAQ:FB) Looking at the technical chart above the stock is inching closer and closer to another breakout move. Buying momentum is still positive and strengthening. Breakout watch above 81.16

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ZIOPHARM Oncology Inc. (NASDAQ:ZIOP) broke above resistance in Friday's trading session after a small period of consolidation. I still like this stock and will be watching it again on Monday, expecting to see a continuation move.

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.


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Great post.

was looking for PANW listed in your post, but not in your charts--will u be giving info on that?? thx

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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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