Market Overview

Stocks to Watch for December 13, 2013

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Agilent Technologies Inc. (NYSE: A) is in a bullish flag and I will be watching the 55.75 level as a breakout level for entry. The long-term trend remains bullish as the stock price is on top of 50 and 200 exp moving averages with both going up.

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Gentex Corporation (NASDAQ: GNTX) seems to have broken out of an ascending triangle formation with $30 as resistance. The volume on breakout was about 2.5M shares, greater than the average daily volume. Today's action should help the stock move up further to test the recent highs.

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Idera Pharmaceuticals Inc (NASDAQ: IDRA) had a strong breakout today with a pop of 54 cents to 3.27 or 19.78% on 5.3 million shares, the biggest volume in a couple of weeks. Today's strength could lead to more upside.

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PepsiCo, Inc. (NYSE: PEP) broke support today and gave a sell signal. Major technical indicators are pointing towards a downfall. Nearest support is at $80.5. If this key level is broken, then the stock may decline to $79.74

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Provectus Pharmaceuticals, Inc. (OTCMKTS:PVCT) broke out to new highs today on heavy volume confirmation indicating that this strong breakout is more likely to be real. However, we may need to pull back and retest $1.14 to reset the overbought conditions.

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Neurometrix Inc (NASDAQ: NURO) the company had some great news this week and the stock price looks to be making a turn here. I think the technical chart shows a stock price that could post more gains in the short term.

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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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