Market Overview

Few Trade Ideas for Tuesday, November 27

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First Solar, Inc.(NASDAQ: FSLR) is consolidating inside a large bullish ascending triangle and two resistance points can be noted on chart, first is at 26, second at 26.31. If it breaks out of 26, target price is around 33.7, if it breaks out of 26.31 target price is 34.32. A good breakout volume would be above 6 Million shares traded. In the short-term picture, downside momentum is diminishing with daily MACD back above signal line. Stochastics and RSI also are on the bullish side. 
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On the radar. Zynga Inc (NASDAQ: ZNGA) gave us a nice move today, which could be the start of a bigger move. If the stock can break through the 50-day MA at $2.52, we should see a strong follow through move. The accumulation chart is moving up again with smart buying going on. Keep watching the stock.
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3D Systems Corporation (NYSE: DDD) is a potential breakout play. Momentum picking up with MACD climbing and RSI rising. Breakout watch over $46.92.
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Nuance Communications Inc. (NASDAQ: NUAN) - Interested in this for reversal at 21.81. Possible double bottom.
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Lattice Semiconductor (NASDAQ: LSCC) Old alert. I remain bullish on Lattice Semiconductor (NASDAQ: LSCC) in the near-term. MACD has a bullish crossover. In addition, the bullish crossover in the ADX chart adds to my conviction. Additionally, Momentum Oscillator RSI is also trading above 50 which signals the bullish trend further. LSCC still poised to rip. Keep an eye for play over 4.16.
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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.
Thanks for visiting AC Investor Blog.

AC

The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

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