February 12, 2013 at 17:17 PM EST
Some possible break out candidates
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Ebix Inc (NASDAQ:EBIX) looks like it wants to break out from a base formation. The daily technical chart shows good signs, we're in a short term upward trend with the MACD positive/rising and with CMF rising nicely too. 

From a fundamental standpoint the stock has a PE of 9 and a PEG of just 0.46. The short interest is about 36.30% of the float and it's supposed to take about 32 days to cover it, so a Huge squeeze is also possible. Keep EBIX on your radar screens.
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Pharmacyclics, Inc. (NASDAQ:PCYC) has been consolidating in the range of 67.5-72 from past few sessions on low volume forming a bull flag pattern on the daily chart. Fresh long should be made only when the stock closes above $72 with an up candle.
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Two Harbors Investment Corp (NYSE:TWO) looks poised for a break to the upside. Waiting for a break above the 12.55 level for a long position. Price will continue to move up as long as it sustains above the 20-day EMA.
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Eagle Materials, Inc.(NYSE:EXP) is building an optimistic pattern under resistance at $67, watch the stock closely here for a break through that price level as a cue that the stock wants to go higher. Initial support at $64.50
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Oil States International, Inc. (NYSE:OIS) has consolidated sideways for the past several sessions. Breakout watch over $79
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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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AC
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