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Rambus Inc. RMBS had a strong move on Thursday, gaining more than 4%. The stock hit a high of $12.58, which is resistance for the follow through move. The medium-term trend is bullish as the stock is above all key exponential moving averages. Additionally, MACD lines are going up and OBV still climbing. I suspect the stock may continue to appreciate over the coming days. Stop should be placed around 11.23 (20EMA). Keep this one under radar.
AOL, Inc. AOL As I've mentioned earlier there is some elevated May Call options with strike prices significantly above the current market, therefore I still believe that shares have room for a significant uptick beyond these levels. From a technical standpoint, the stock broke out from a falling wedge on Wednesday's session, crossed and closed above the 50-day EMA on high-volume. The stock is setting up to move higher and could break the $46 mark in the sessions ahead, something that could attract more traders to jump in and push shares even higher. The short-term indicators are looking bullish and could easily rise to a new peak. Keep an eye on it !
Zynga Inc ZNGA has achieved a boost during Thursday's trading session as traders witnessed the oversold position, driving shares up by more than 4%. From a technical standpoint, the Relative Strength Index is now rising and is approaching the mid-level, while MACD made a bullish crossover.
Celldex Therapeutics, Inc. CLDX I hit a new 52-week low on Tuesday, but looks poised to rebound sharply in the short-term. The MACD has stabilized and crossed over the signal line (signalling a possible change in the trend to uptrend).
Groupon Inc GRPN has bounced nicely from the lows. The immediate resistance is around 7.61/67 which the stock will likely to test next week. A close above this range is a pre-requisite for the reversal of the bearish trend.
FuelCell Energy Inc FCEL Should breakout hard to upside when it crosses over $2.50
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During the day I tweet many times to my readers. I encourage everybody to subscribe AC Investor Blog twitter and newsletter, so you can receive my trade ideas and stock news in real time.
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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