Market Overview

Thursday December 13th watchlist

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Zynga Inc (NASDAQ: ZNGA) has bounced back smartly from its 50-day moving average in the last two trading days. We saw today a big jump on high volumes. There is now a resistance at 2.76 ( 100-day moving average ) which is likely to be tested and a move past this level would mean a target of 3-3.12. Look to buy at current levels or at dips with a stop at 2.37. The daily technical chart shows good signs, we are in a short term upward trend with the MACD positive/rising and with OBV rising nicely too.
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Harte-Hanks, Inc. (NYSE: HHS) has closed above its short-term moving average (20SMA) for the second straight day on high volume. Look to buy the stock with a stop at 5.14 for an upside target of $6.16
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Green Dot Corporation (NYSE: GDOT) broke through resistance on heavy volume and out of flag formation. Good pattern and accumulation. The bias is likely to remain positive as long as the stock sustains above 12.05. If we see follow-through tomorrow the stock might run hard.
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Research In Motion Limited (USA) (NASDAQ: RIMM) The perfect follow through day. Bought at $12.32 yesterday. There is plenty of accumulation on this daily chart. Looks like higher prices to come.
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After giving a decent upside on high volumes, TriQuint Semiconductor (NASDAQ: TQNT) has been consolidating in the range of 4.85-5.10 from past few sessions on low volume forming a bull flag pattern on the daily chart. The stock is likely to trade with a positive bias as long as the stock sustains above 4.75. The near stop for the stock can be around 4.81. On the upside, the stock can jump to 5.29-5.4 levels.
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