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Thursday, January 15, 2015 

Stocks to keep an eye on January 16, 2015

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RADA Electronic Ind. Ltd. (NASDAQ:RADA) has been under accumulation over the last few days and appears to have started another rally today. It closed strong above key resistance at 2.51 on decent volume. The stock has built up strong support at current levels and the momentum shift is starting to take shape as evidenced by the bullish cross on MACD and ADX. If you have not acted yet on RADA, I believe it still provides a tremendous profit opportunity with a stop located at 2.12.

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The bullish momentum of VirnetX Holding Corporation (NYSEMKT:VHC) continued today. From the chart above, we can see that the stock has found a nice support around the $4.70 level. The surge today brought %K line above %D line indicating that we could see possible rally coming for the stock. Short-term investors can buy with a stop at $4.66 and long-term investors can hold with a stop at $3.98. Let's keep an eye on her as i think momentum will pick up.

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Priceline Group Inc (NASDAQ:PCLN) is in a bearish trading condition. The fall in the stock has been extended by the violation of the support line at $1017.28 and as long as the stock trades below this key resistance line stay bearish.

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Retrophin Inc (NASDAQ:RTRX) appears to be forming a large cup with handle pattern. Volume looks decent with a potential buy point at 14.49

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Kite Pharma Inc (NASDAQ:KITE) has formed a big bearish candle on daily, likely caused by some profit-taking. This signifies trend reversal in the short-term.

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Mercury Systems Inc (NASDAQ:MRCY) had a very volatile movement today. The stock price attempted to push higher, topped at 14.35 before whipsawed to the downside, bottomed at 13.88 and closed at 14.05. This stock is a candidate to be traded in breakout mode. The stock is currenty facing resistance around 14.43. Fresh long should be made only when the stock moves above this resistance level.

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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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