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Thursday, October 06, 2016 

My Watchlist for Friday, October 07

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Sunworks Inc (NASDAQ:SUNW) price action finally broke out of a falling wedge pattern accompanied by a strong volume expansion, suggesting a trend reversal higher. At the same time the stock also closed back above the 50 and 200EMAs. The daily technical chart set-up for Sunworks appears to be near perfect to deliver gains in the coming sessions. Short-term technical indicators are looking bullish and the MACD has produced a new buy signal. I see a new impulse higher that projects a rally through 3.36. If momentum continues on Friday, we could have a nice winner on our hands.

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Cinemark Holdings, Inc. (NYSE:CNK) Good break higher Thursday, clearing the prior highs on high volume. There is a good chance it will continue to move up. Buyable on a pullback to the pivot.

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BlackBerry Ltd (NASDAQ:BBRY) bounced strongly off its rising 50-day EMA as expected and there looks to be enough momentum to carry it back above 8.30 again. Among the technical indicators, MACD is positive and RSI is above its 50% level, showing positive momentum.

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Yirendai Ltd (NYSE:YRD) Thursday's bar closed back above the 27 price level, so the current uptrend looks set to continue. is positive and RSI is above its 50% level, showing positive momentum.

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AutoNation, Inc. (NYSE:AN) is setting up for an interesting upside move. The stock hit a high of $50.46 on Thursday, but was not able to above this level due to the market conditions. I expect to see a high volume move once it breaks through this key resistance area (200EMA), as traders are watching this stock closely.

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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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