Momentum Stocks To Watch Before Christmas Day

Antonio Costa
updated | Author's Website

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Greetings everybody !!! JKS strong enough to say………..and the Bulls are back!  JinkoSolar Holding Co., Ltd.  (JKS) was an alert from Wednesday at $5.25 via twitter and it closed the day at $5.83 for gains of over 10%.  The stock price also broke above the 20-day SMA accompanied by large volume, a sign that the sky rocketing action has credibility and is not just some result of speculations. The price can head towards the $6.95-$7 zone. If this zone is surpassed, getting to $9 would be a possibility. 

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Apple Inc. (NASDAQ:AAPL) is trying to break $400 …… a psychological mark …… from there it’s a rocket to the top. Don’t be fooled by the Bears….

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Pacific Biosciences of California (PACB) had a very good bullish rally this week accompanied with large volume. This stock is good to hold for the short term. PACB currently stopped short of breaking the resistance at $2.90 which is the resistance line formed from November. Also watch out for other resistance levels at $3.15 which is the 50 day moving average. Currently, the technical indicators are displaying good signs. Buy if resistance is broken with good volume, possible target price is around $4.17.

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TriQuint Semiconductor (NASDAQ:TQNT) – The break of the 50-day SMA with heavy volume should be the next buy point on TQNT. The technical daily chart above shows the momentum indicators have turned up and the RSI is on the rise. Although both 50 day and 200 day moving average are showing weakness, KD line is indicating upward swing. For the short term the stock should still continue to go up. A close above $5.24 would have positive implications and could push the stock to the 6-6.5 range. 

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Zalicus, Inc. (ZLCS) chart also looks good. The stock has been in a nice uptrend for the last two weeks and it looks very strong with both 20 day and 50 day moving average going up. The technical daily chart above is showing bullish bias. MACD is indicating that the current short term price trend is very bullish. In addition, the On Balance Volume is increasing, indicating accumulation of shares in the market. I’m still maintaining the buy rating on ZLCS as the technical chart still shows very bullish sign as 20 day moving average is on top over 50 day moving average with MACD above 0.

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.

Other stocks to watch : 

 

News after-hours :

Rambus Inc. (NASDAQ:RMBS) announced today it has signed a patent license agreement with Broadcom (NASDAQ:BRCM). This agreement covers the use of Rambus patented innovations in a broad range of integrated circuit products offered by Broadcom.

 

New 52-week High stocks

PFE – PFIZER INC.
DUK – DUKE ENERGY CORP
WCAA – WCA WASTE CP
CVS – CVS Caremark Corp
MRK – Merck & Co
HD – HOME DEPOT INC
ABT – ABBOTT LABORATORIES
KOG – KODIAK OIL & GAS CP
KFT – KRAFT FOODS INC
AMGN – Amgen Inc.
EP – EL PASO CORP
LLY – LILLY ELI & CO
RRR – RSC Holdings Inc
DFG – DELPHI FNCL GROUP INC
ELN – ELAN CORP P L C
V – VISA Inc
AKRX – Akorn, Inc.
AMT – AMERICAN TOWER CORP
TJX – TJX COMPANIES INC
SE – SPECTRA ENERGY CORP
TSN – TYSON FOODS INC CL A

CTAS – Cintas Corporation
GRMN – Garmin Ltd
PRGO – Perrigo Company
D – DOMINION RESOURCES
WEC – WISCONSIN ENERGY CORP
CMS – C M S ENERGY CORP
NI – NISOURCE INC
OCR – OMNICARE INC
HSY – Hershey Corp
WYN – Wyndham Worldwide WI
SONO – SonoSite, Inc.
KMP – KINDER MORGAN ENRGY
PGNX – Progenics Pharmaceutical
PGN – Progress Energy Inc
GXP – Great Plains Energy
ENB – ENBRIDGE INC
PSA – PUBLIC STORAGE INC
GNC – Gnc Holdings
SHW – SHERWIN WILLIAMS CO
DY – DYCOM INDUSTRIES INC

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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