Market Overview

6 Chart Set-ups to Watch on Wednesday


Hi everyone,
Here are the FREE webinars for this week.
1 - Title: Leveraging Sell-Side Ratings Updates: Nailing The Context Around The Trade
Who: Ilir Shkurti of Trade The Ratings
When: Wednesday (2/20/13) @ 12:00pm ES
Description: An old saying goes: you trade the traders, not the stock. With this free hour of education, Benzinga's Chief Ratings Strategist, Ilir Shkurti, will walk you through his strategy for determining sentiment based off of sell-side analyst ratings. Register Here
2 - Title: Profit From Earnings Report Reactions
Who: Jea Yu of the Morning Profit Maker
When: Thursday (2/21/13) @ 5:00pm EST
Description: Learn how to trade the gappers and dumpers based on earnings report reactions with veteran day trader and volatility scalper, Jea Yu. In this hour of education, Jea will show you how it's possible to generate profits in the 90 minutes following earnings reports. Register Here
3 - Title: How To Tell When The Market Is Topping
Who: Ken Shreve of Ultimate Growth Stocks
When: Thursday (2/21/13) @ 7:00pm EST
Description: Calls for a market pullback are getting more prominent, but are they justfied? Ken Shreve, editor of Ultimate Growth Stocks and regular contributor to &, talks about the warning signs to look for. Register Here
Chart Set-ups to Watch on Wednesday
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Shares of Infinity Pharmaceuticals Inc. (NASDAQ: INFI) broke out of a bullish consolidation pattern that has been a pause in its steep more than 60% up move in December. Look for follow-through on Wednesday with increasing volume to confirm today's move.
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Ventrus Biosciences Inc (NASDAQ: VTUS) broke out above its resistance level today and surged considerably higher amidst impressive buying pressure. The stock is getting some buying and looks poised to post some nice gains if the buying volume persists. I expect VTUS to continue to gain investor interest going forward. Keep it on your watch list tomorrow.
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Strong breakout on Rambus Inc. (NASDAQ: RMBS) with strong volume. Momentum picking up with MACD climbing and RSI rising. Look for a quick run to $6.10 then on to $6.18
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The dip last week to $15.55  might have been an amazing opportunity for investors to buy a few shares of OmniVision Technologies, Inc. (NASDAQ: OVTI). A break of $16.3 with force might give the stock room to $17.
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Gevo, Inc. (NASDAQ: GEVO) The 20-day EMA has been acting as a strong support for the stock and only break below the same could open doors for further weakness.
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Microsoft Corporation (NASDAQ: MSFT) has just closed above its 200-day EMA for the first time since November. This will bring in new eyes on Wednesday for sure. The short-term uptrend is intact and signals further bullishness on this stock.
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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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The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

Posted-In: Technicals Markets Trading Ideas


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