Market Overview

Friday January 18th Watchlist

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Gevo, Inc. (NASDAQ: GEVO) Broke out of a bull flag pattern to the upside today and the move was accompanied by high volume. If it can break through $2.08 resistance, we should see another strong upside move at least back to test the recent highs at $2.43

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Amarin Corporation plc (ADR) (NASDAQ: AMRN) had a remarkable move up today with very high volume, which was probably buying activity. MACD is starting to look like it may cross soon, which indicates momentum is shifting towards the upside as well. There is a high possibility that the stock price will test the resistance area ( 50-day SMA ) in the next few sessions. Keep this on your watchlist.

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Fifth Third Bancorp (NASDAQ: FITB) - Broke resistance today hitting a new 52-week high. Today's high of $16.39 is resistance for the continuation move.
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Zions Bancorporation (NASDAQ: ZION) hit a high of $22.65 in October and sold off until late November. Since then, ZION has rallied back up to the $22.79 resistance and appears to have formed a Cup & Handle pattern. The stock would confirm the pattern by breaking up through the $22.8 resistance and if it does, ZION should be moving higher from there. Stay tuned !!

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