Market Overview

Stocks to Watch Next Week

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Vertex Pharmaceuticals Incorporated (NASDAQ: VRTX) finally broke above resistance in today's trading session after a period of consolidation. I still like this stock and will be watching it again on Monday, expecting to see a continuation move. Resistance for Monday is $54.15, which was today's high.
 
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Research In Motion Ltd (NASDAQ: BBRY) lost 7.9% on heavy volume but closed above its 50-day moving average. If the stock can hold this level on Monday it should be a really good entry point to take a long position jmho From a technical perspective the stock is on a bull market as the stock is trading above both 50-day and 200-day moving average and 50-day moving average is on top of 200-day moving average heading upwards. Additionally, the MACD indicator is rising above 0 also indicating a buy. Monday will be an interesting day for BBRY. No one knows, how the stock will react. It is a waiting game now !! 
 
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Groupon Inc (NASDAQ: GRPN) Technical breakout. I do not see anything until the $6.15-$6.2 area. The stock is now back above the 200-day moving average which is very bullish. Let's keep an eye on her as i think momentum will pick up.
 
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US Airways Group, Inc. (NYSE: LCC) looks like a pennant forming, which is a bullish continuation pattern. On watch.
 
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Shares of The Goldfield Corporation (NYSEAMEX:GV) were up nearly 4.5% or 22 cents to $5.18, reaching during the session a new 52 week high at $5.23. The daily chart show a continuation of the trend with MACD and RSI in the Bullish areas. The stock is in a strong bull market with both 50-day and 200-day moving average going up, however in overbought conditions.
 
 
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Short-term & medium-term bias remains positive for Zillow Inc (NASDAQ: Z). You need to watch the stock closely because it could break resistance soon.
 
 
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Delta Air Lines, Inc. (NYSE: DAL) If the support holds and sentiment improves towards the sector a bounce or move higher could be in the cards.
 
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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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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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