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Friday, October 02, 2015 

Stocks to Watch for October 02, 2015

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Nice breakout on Netflix, Inc. (NASDAQ:NFLX) with decent volume. Momentum picking up with MACD climbing and RSI rising. Look for a quick run to $107.5 then on to $110

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XOMA Corp (NASDAQ:XOMA) was one of the big winners on Thursday with a trading volume of 17M shares. Xoma reported that has entered into an exclusive license agreement with Novartis to develop and commercialize its cancer-fighting antibody program. The company will receive an upfront payment of $37 million and could receive up to $480 million in milestone payments. From a technical standpoint, broke out of a base pattern in heavy volume, finishing with a 43% gain. Other technical indicator such as MACD, is moving up showing positive momentum while RSI also show buy signal. Wall Street analysts are reacting positively to the announcement, increasing their price targets on the stock. The stock could eventually rally up to test the 1.50 resistance zone very soon.

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Juno Therapeutics Inc (NASDAQ:JUNO) has a very interesting daily technical chart and could have a bigger move soon. Resistance for this move is $41.95. The chart looks slightly bullish as the stock is trading above 20-day exp moving average and the 13-day EMA crossed above 20-day EMA recently. Worth watching for a breakout.

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Rambus Inc. (NASDAQ:RMBS) had a huge rally over the past several days on heavy volume. The stock is displaying a strong upside momentum again. Nearest resistance for the stock is the psychological level of $12. If this level is crossed and the stock is able to sustain above this level, then it might go to $12.67 (50EMA). On the downside, the stock has support at $11.44. The technical daily chart is showing a bullish bias. Watch the stock closely on Friday.

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Lakeland Financial Corporation (NASDAQ:LKFN) recorded a new high in the last trading session. The stock topped at 46.3 and closed at 46.2, up 2.33% on volume above the average . The technical daily chart show a continuation of the trend with MACD and RSI in the Bullish areas. Pullbacks to 44.5 are buyable.

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Emerge Energy Services LP (NYSE:EMES) Tried to move higher on Thursday but failed to keep the momentum up due to the market weakness. However, i think the selling momentum is losing steam and it is possible that the stock could attempt a new rally today due to the extreme oversodl readings. If it breaks yesterday's high, could squeeze above $8 fast.

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Micron Technology, Inc. (NASDAQ:MU) is on High alert for Friday. The company reported earnings on thursday and the market loved what they saw. They beat the analysts estimate. Key resistance is located at 16.96 (50EMA). A close above this level will confirm a new bullish trend and the following uptrend will take price up to 19.56-20.24 zone.

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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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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