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Wednesday, April 16, 2014 

Stocks to Watch for April 17, 2014

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AOL, Inc. (NYSE:AOL) With today's strong move higher, the stock convincingly broke out of a falling wedge pattern on expanding volume. Immediate short-term resistance for the stock is at 45.86. Next resistances are at 46.98 and 50. On the daily chart, the MACD is displaying a new bullish crossover. At the same time, we see that the RSI is showing positive momentum from oversold levels, which should reinforce a move higher if near-term resistance at $45.86 is taken out. Long setup.

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PDC Energy Inc (NASDAQ:PDCE) is still trading in a range with resistance at 64.27 and support near 58. The technical daily chart is showing positive signs of further strength. The RSI value is increasing and the MACD indicator just made a bullish crossover. Fresh exposures may be considered only on a close above $64.

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Whirlpool Corporation (NYSE:WHR) has been in an upwards trend the past few days and looks ready to continue this move.

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Delcath Systems, Inc.(NASDAQ:DCTH) Possible double bottom forming on the daily ? The time will tell. However at this point, a bounce off this key area would trigger a bullish entry with the stock price likely to move into the $4.60 level.

During the day I tweet many times to my readers. I encourage everybody to subscribe AC Investor Blog twitter and newsletter, so you can receive my trade ideas and stock news in real time.

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

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Tuesday, April 15, 2014 

Stocks to Watch for April 16, 2014

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Alcoa Inc (NYSE:AA) needs to take out $13.18. The break of the key resistance line with heavy volume should be the next buy point. Daily technical indicators are bullish. The MACD is rising above its signal line in positive territory. The RSI has moved above its 60% level and the A/D line remains in a long-term up trend. Long setup.

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Schlumberger Limited. (NYSE:SLB) made a 52-week high but gave back some gains. If the stock can break today’s high of $100.5, we should see a follow through move. The technical chart shows SLB is on a bull market as the stock is trading above 50-day and 200-day EMAs.

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Marathon Oil Corporation (NYSE:MRO) is at a key resistance. If the stock moves above 36 it could rise till 36.74-37.10. Technical indicators are in bullish zones.

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Rare Element Resources Ltd (NYSEMKT:REE) broke down today under support at $1.40 on strong volume. First support is now located at 1.23 with stronger support down at 1.10. Technical indicators signal a negative momentum for the stock. Short setup.

During the day I tweet many times to my readers. I encourage everybody to subscribe AC Investor Blog twitter and newsletter, so you can receive my trade ideas and stock news in real time.

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

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  • I'm a 38 year old Independent Trader using propriety technical analysis with more than 18 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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