Friday's Stocks To Watch, May 25 2012

by António Costa, Benzinga Contributor
May 24, 2012 4:42 PM | 3 min read |
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US Airways Group, Inc. LCC had a very nice day today, breaking out above the $11.50 level on heavy volume. As long as it can hold this level, it looks good !!

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Looking at the technical chart of Hyperdynamics Corporation HDY I think the most important level to watch here is the 50 day MA now at $.99. As we can see, it previously failed at the 1.30 level back in April and it has once again rallied up to this MA. The MACD is moving up showing positive momentum while KD line also show buy signal as %K line is on top of %D line. The 50 day MA needs to be crossed to give rise to the next leg up. Stay tuned !!

 
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Foot Locker, Inc. FL surged 2.4% to $32.31 per share breaking out an important resistance with decent volume. We should be able to see some decent upside movement for the bulls here. Technically, the stock still in a very strong bull market with MACD on top of signal line and 50 day moving average on top of 200 day moving average.

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Complete Genomics, Inc. GNOM Tested the 50 day MA but couldn't close above it. I like this one for a breakout soon. Keep an eye out for a $2.5-2.6 breakout on volume !

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Trina Solar Limited (ADR) TSL On watchlist no trigger yet. Long above $6.05.

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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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