Thursday November 1st watchlist
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I had InterDigital, Inc. (NASDAQ:IDCC) on my watchlist a few times this
month and today it broke out in impressive fashion on volume expansion. I
believe we'll see some nice follow through tomorrow. This was a stock
that ran from these current prices to over $70 a share not long ago. From
a technical standpoint the stock looks very strong with both 20-day and 50-day moving average going up while MACD is crossing up its signal
and %K line is on top of %D line. I suspect the stock may continue to appreciate over the coming days.
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TiVo Inc.(NASDAQ:TIVO) looks to be setting up for an upside move, as the stock has held up well the past few sessions.
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Possible bounce play. I think Career Education Corp. (NASDAQ:CECO) has
found support around the $3.27-$3.30 range and looks poised to post a
bounce from here. We could see a 7-10% possible bounce up to $3.68-$3.75 a
share if it breaks the resistance at $3.51.
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CIGNA Corporation (NYSE:CI) broke out today and traded nearly 2x normal daily volume. The stock has
the potential to make a big run on Thursday, so keep a close eye on CI and don’t miss the trade.
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Mueller Water Products, Inc. (NYSE:MWA) broke out of its significant
intermediate-term resistance at $5 today and surged considerably higher
amidst impressive buying pressure.
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Research In Motion Limited (NASDAQ:RIMM) made a strong upside reversal
today. The technical chart suggests that stock might find now
resistance at $8. Only a close above this level would suggest further
upside. I think the stock is due for recovery as %K line has crossed on
top over %D line. The stock needs to close above this level in order to
alleviate the negative near-term view.
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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.
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.
Thanks for visiting AC Investor Blog.
AC
Labels: CECO, CI, IDCC, MWA, RIMM, TIVO
