( click to enlarge ) 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.
( click to enlarge ) TiVo Inc.(NASDAQ:TIVO) looks to be setting up for an upside move, as the stock has held up well the past few sessions. ( click to enlarge ) 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. ( click to enlarge ) 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. ( click to enlarge ) 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. ( click to enlarge ) 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. 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.
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