Stocks to Watch for October 29, 2013

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Himax Technologies, Inc. HIMX Nice bounce off the 50-day EMA for modest gains Monday. Slow Stochastic is turning up and the MACD histogram is forming a base for a sustained rally. If it breaks above $10 tomorrow on volume look for a major move north, but still in wait and see mode.

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LSI Corp LSI Momentum has turned bullish and a break above resistance at 8 would open the door for a rally to new highs beyond 8.08

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Petroleo Brasileiro Petrobras SA PBR broke out above its 200-day EMA on heavy volume. This momentum could push this stock much higher from here. Next resistance is now seen at $18.

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QAD Inc. QADA setting up nicely for a move here. Breakout over $14.58 for a daytrade

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Benchmark Electronics, Inc. BHE tried to breakout but volume was not strong enough and it did not finish over the buy point. If the stock can break today's high of $23.54, we should see a follow through move.

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I see Royale Energy, Inc. ROYL on verge of breaking up out of this compression. My short term indicators have signaled buy with bullish divergences, thus we can expect stock to get above the 200-day EMA sometime this week.

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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
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