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Saturday, January 03, 2015 

7 stocks to keep an eye on January 5, 2015

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Celldex Therapeutics, Inc. (NASDAQ:CLDX) has pulled back after hitting a six-month high six weeks ago, but could soon be poised to retest those highs. On the updated daily chart above, the stock is flagging just above its major short-term moving averages, while MACD is starting to provide positive signs. As long as the stock trades above its EMAs, the outlook will remain bullish. The key immediate resistances at 18.85 and 19.45 have to be broken decisively next week, for an up move to 20.25 and then to 21.7 levels in the short-term. At the moment my bullish bias remains intact.

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Seadrill Ltd (NYSE:SDRL) The stock shows a potential bottom formation here that could be completed in the next week. There is minor resistance now at $12.23 with stronger resistance in the $12.86 area. The CMF has also risen sharply over the past two weeks, showing increasing buying pressure.

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Viggle Inc (NASDAQ:VGGL) has started the month of January with a strong rally of nearly 26%. The stock broke its downtrend line on heavy volume and closed above its short-term EMAs. Go long on the break of Friday’s high at 3.55 with a tight stop. Expect next major resistance around $4

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Skyworks Solutions Inc (NASDAQ:SWKS) The stock continues to retest major resistance around its recent highs and could be poised for a breakout to new record highs.

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Achillion Pharmaceuticals, Inc. (NASDAQ:ACHN) continues to trade above its key 100-day exponential moving average showing some strength, despite a pullback from its record highs. Go long on the break Friday’s candle high with a stop-loss behind the swing low at 12.33

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VirnetX Holding Corporation (NYSEMKT:VHC) On the hourly time frame, the stock continues to trade sideways around its 50EMA but has established strong support around 5.20. In addition, the stock closed the week breaking above the bullish flag as you can see on the chart above, confirming the bullish scenario targeting the 6.85 area. I remain bullish.

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Synergy Pharmaceuticals Inc (NASDAQ:SGYP) recently hit a short-term high at 3.41 before pulling back slightly and the stock appears poised to continue its bullish run. I think higher, but still in wait and see mode. The stock needs to close above the 100-day exponential moving average before the medium-term view turns positive. Long set-up on watch.

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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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