Stocks to Watch for August 2, 2013 - AES (NYSE:AES)

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Biodel Inc BIOD hit new highs of $5.20 today, which is resistance for the follow through move on Friday. If the stock can break through highs, we should see another high volume move as the stock moves higher.

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Nike Inc NKE broke out to a new all-time high accompained by a strong volume suggesting higher levels. The technical daily chart still showing a bullish bias. KD line shows positive signs as %K line is rising on top over %D line and RSI continue moving up. I suspect the stock may continue to appreciate over the coming days.

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Renren Inc RENN Big rally on volume today, next buy area when clears the $4.02 level on volume.

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The AES Corporation AES coube be gaining momentum to break to the upside. The technical indicator RSI is giving a bullish signal that needs confirmation with a break through the 12.86 level.

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Penn Virginia Corporation PVA Another stock that looks like it will break out, watch this triangle and act accordingly.

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