Wednesday January 30th watchlist - American Water Works (NYSE:AWK), Amazon.com (NASDAQ:AMZN)

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Nice tweeted under $2.04 !!! Gevo, Inc. GEVO broke out of a Bullish Pennant chart pattern during Tuesday's trading session on great volume. I think we will see a nice follow through tomorrow. This was a $9 stock less than 9 months ago. With almost 18% ( 5.9 Million shares ) of the float short, this stock is due for a big move higher, in my opinion. Shorts need to buy back stock to profit from their bets ;) which only adds fuel to the FIRE :). From a technical standpoint, the RSI is moving up and above its 50% level. The daily MACD continues to trade in the positive zone. The accumulation/distribution line is also turning up which means there is more money flowing into the stock. The next resistance area is around the mid $2.7 range.

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This stock is quietly gaining momentum. Cell Therapeutics Inc CTIC looks ready to break a recent high of $1.59. If the stock can manage a breakout above this level on high volume, it would be a great buying opportunity but only on a breakout. Keep it on your watch list going forward.

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Amazon.com, Inc. AMZN The company reported earnings after the close and the market loved what they saw. The stock is trading up after-hours and I expect it to gap open on Wednesday. I'm using the all-time highs of $284.72 as resistance.

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SUPERVALU INC. SVU closed at 3.91, up 23 cents for the day reconfirming the new uptrend after the recent break above the major resistance on expanding volume.

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American Water Works Co., Inc. AWK That is a good looking chart. It's a buy on a break of 38.9 with solid volume. Stop 37

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