Stocks to Watch for October 30, 2013 - Murphy Oil (NYSE:MUR), Himax Techs (NASDAQ:HIMX)

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Himax Technologies, Inc. HIMX Nice Bullish Engulfing candle today on solid volume. The stock broke through its short term resistance level of $10.07 and looks ready to go higher. HIMX could touch an upside target of $11.49 in the short term. Looking at the technical chart we start to see now some signals of rebound as the chart shows positive momentum is back. In addition, the 13-day moving exp average crossed on top over 20-day exp moving average, which is a very positive sign. Short-term outlook for the stock is now bullish with share price above 9,13, 20 and 50 exp moving averages.

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Vringo, Inc. VRNG Need to see further upside confirmation tomorrow before adding to current position. The stock completely changed my point of view closing the day well positioned to break one important area, its EMA at 2.79. The technical chart is displaying a buy divergence on the upside. So, tomorrow keep an eye on VRNG for a possible breakout over $2.79 on a close basis.

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Schlumberger Limited. SLB looks poised for a break to the upside. The stock has been holding a tight range. Long over 94.91 for a target of 98 with stop loss of 89.98. Daily technical indicators are bullish. The MACD is above its signal line and both are moving up in positive territory. RSI and slow stochastic are both near their overbought zones. Long setup.

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Cheniere Energy, Inc. LNG waiting for a break above the 40 level for a long position.

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DENTSPLY International Inc. XRAY A nice looking bullish pattern on the daily chart. About to break out up into new highs once again. Long over 46.11

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Murphy Oil Corporation MUR looks ready to break a recent high of $63.23. Bullish MACD crossover. Keep it on your watch list going forward.

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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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