( click to enlarge ) Groupon Inc (NASDAQ:GRPN) A breakout above the 9.43 resistance level would lead to an initial target in the 10 area, its high from June 2012 and then to levels not seen since mid-2012. Daily technical indicators are bullish. The technical indicator MACD is below its signal line but in positive territory. The RSI has moved above its 65% level and A/D line is on the rise. Additionally, the 50-day EMA has crossed above the 200-day EMA lately (Golden cross) and the stock is trading above all three EMAs. Long setup. Stop 8
( click to enlarge ) Lions Gate Entertainment Corp. (NYSE:LGF) is poised to break out of a consolidation pattern. Watch for a break above $33.35 with power. ( click to enlarge ) Uranium Resources, Inc. (NASDAQ:URRE) successfully close above its 200-day exp moving average on very impressive money volume. This is a very bullish development. Short-term technical indicators are strong. If the stock can break today’s high of $4.31, we should see a strong follow through move. ( click to enlarge ) BioMarin Pharmaceutical Inc.(NASDAQ:BMRN) is moving sideways in a narrow range with a slight bias to the upside. A break out on either side of this range will decide the stock direction. ( click to enlarge ) QLogic Corporation (NASDAQ:QLGC) on watch for a clear of resistance...struggling to breakout. Note: Bearish MACD crossover. ( click to enlarge ) Questcor Pharmaceuticals Inc (NASDAQ:QCOR) had another very productive day as we saw gains of over 4%. The stock hit a high of $50.61, which is resistance for the follow through move. The medium-term trend is bullish as the stock is above 20/50/200-day exp moving averages with all moving averages going up. You should watch this stock closely on Monday. 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.