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Saturday, December 12, 2015 

Stocks to Watch for December 14, 2015

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Despite the market sell-off on Friday, Second Sight Medical Products Inc (NASDAQ:EYES) shares showed some strength for the second consecutive day and recovered some of their losses in the final hour. It seems that the stock has discovered fresh upward momentum, although it still needs to clear the declining 50-day EMA resistance around $6.30. If it is able to close above this key resistance level then the next target becomes the $8 area, towards the highs of November. In addition, MACD also indicates positive momentum and the accumulation/distribution indicator is turning up. This was a $15 stock in August and at $5.93, in my honest opinion, there is a compelling risk/reward scenario based on the recent news. Look at the two big volume days of last week, that is serious accumulation. The stock is starting to impress and should be one to watch going forward. If momentum continues as I expect next week, I believe there are lot of profits left on the table for traders to capitalize on. Im long.

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VMware, Inc. (NYSE:VMW) Watch this small falling wedge to be resolved to the upside. There has been some unusual call activity past week. I think in the short term it could see $65 but let's see a test and close above of $60 first.

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Sunedison Inc (NYSE:SUNE) had a volatile but indecisive movement on Friday. Moves of key indicators on daily charts suggest continuation of positive bias for the stock. Plus, chart shows an ascending triangle formation in progress. The key level to watch here is the upper resistance at around 4.37.

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Finisar Corporation (NASDAQ:FNSR) broke through that critical 12.54 level Friday on heavy volume and looks to be heading higher. The stock hit a high of $14.52, which is resistance for Monday’s move. If the stock can break through resistance, we should see a strong follow through move.

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Tuniu Corp (NASDAQ:TOUR) has started a resistance breakout of the 16 level. Further rise could be expected and next target would be at 17.5 area. All technical indicators continue to point to higher prices.

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Mylan NV (NASDAQ:MYL) looks like is close to attempting a breakout. The stock hit a high of $53.28 but failed once again to close above the 53.73 key resistance area. I expect to see a high volume move once the stock breaks through this level as traders are watching this stock closely. On watch.

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GoPro Inc (NASDAQ:GPRO) made a nice upside reversal on Friday. The daily technical chart above is displaying a screaming buy divergence on the upside (MACD & RSI rising) Expect an initial run up to $19.64 with a break higher moving to the 21 zone. The stock has momentum back on its side.

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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