Market Overview

Few Potential setups for next week

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The short trend continues to favor Facebook Inc (NASDAQ: FB) bears. The stock price is shown in a range and the downtrend may continue on breaking range support area. However, the daily MACD histogram has started to diverge positively. At this point, let price break the resistance line ($29) shown in the daily chart for a safe bullish trade to happen. If price break the support line ($27.1) on a close basis, then the fall might continue.

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Opko Health Inc. (NYSE: OPK) broke out from its sideways consolidation on Friday with a 5% rally and a close over resistance at $7. Keep this one on your radar over the next week.
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3D Systems Corporation (NYSE: DDD) Broken 50-day SMA may act as resistance. For bigger correction price has to fall below the support line. Some of the short-term technicals are still bearish.

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I have Mercury Systems Inc (NASDAQ: MRCY) on my watchlist. It may be ready to break out of this flag consolidation. Bullish MACD cross on daily. Potential swing long above 7.58
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Gevo, Inc. (NASDAQ: GEVO) closed the day with a "doji" candlestick reflecting clear indecision. These candlesticks usually signal a reversal in trend. Additionally, the stock continues to hold above its rising 50dma support. I think in the short term GEVO will bounce nicely off this bottom.
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InterDigital, Inc. (NASDAQ: IDCC) continues to consolidate between the 43 and 45 price level. Breakout on either side on closing basis may give good direction. 50-day SMA continue to act as support for the stock during this consolidaiton.
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