Stock Watchlist For Next Week

Antonio Costa
updated | Author's Website

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American Capital Ltd. (NASDAQ:ACAS) is building an optimistic pattern under resistance at $12, watch the stock closely here for a break through that price level as a cue that the stock wants to go higher.  +DI crossing above the -DI suggesting a buy signal, while RSI still above 50. Support at $11. 

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Bank of America Corp (NYSE:BAC) – A big winner over the past few weeks, but it looks like the stock wants to continue higher as it breaks to new highs with an increase in volume over the past few days. Technical daily chart shows very strong upward momentum as the stock is above the 50-DMA with both 50-day and 200-day moving average going up. In addition, Stochastic and MACD also show very bullish sign. Support at $9.96. 

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Quiksilver, Inc. (NYSE:ZQK) Broke out from an ascending triangle with strong volume today. Looks likely to continue the strength that it has shown over the past couple of weeks. The technical daily chart shows very bullish sign as 50DMA has just crossed on top over 200DMA to form Golden Cross, a very bullish signal. Support at $3.84

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Kulicke and Soffa Industries Inc.(NASDAQ:KLIC) has been going up for a while but went in to a pull back flag pattern over the past few days. On Thursday, the stock broke out from that flag and looks like it can continue higher and higher. Support at $10.8

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InterDigital, Inc.(NASDAQ:IDCC) Holding its breakout and 9DMA nicely. Accumulation/Distribution strong and positive. I believe that this pullback could be a buying opportunity. The company said Wednesday it will pay a special dividend of $1.5 on Dec. 28 to shareholders of record as of Dec.17. In addition, the company announced that it will also pay its regular quarterly dividend of 10 cents on Dec. 28. Still holding my long position on this one.

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Lattice Semiconductor (NASDAQ:LSCC) is back over its 50-day average and the money flow index is turning up again. That’s a good thing.  The stock appears to be in the early stages of a turnaround. Stay tuned.

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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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