Stocks in Play for July 9 (AOB, VIT, VVUS)

I’m watching VIVUS (VVUS) again on Friday as the stock looks to be setting up for a big upside move. This stock hit a high of $11.85 today, which is resistance for Friday’s move. VVUS needs to break the channel high of $11.91 for the next upside move. I’m a buyer of the stock once this occurs. VVUS will move very quickly, so watch the stock very closely over the next few trading sessions.

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VanceInfo Technologies (VIT) – The stock was one of the few winners on today’s session, as the stock closed up $2.04 on the day. VIT broke out of a trading range as it hit a high of $26.48 on the day. This high is now resistance for the continuation move. If the market continues to move up, VIT could be a big mover. Keep a close eye on the stock for Friday.

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American Oriental Bioengineering (AOB) made a very strong reversal move with a solid upside volume. Today’s high of $2.45 is resistance for Friday’s continuation move. The technical chart shows the stock is due for a possible recovery as %K line is back above %D line showing positive momentum.

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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.

About Antonio Costa 325 Articles

Antonio Costa is a 35 year old part-time trader who trade stocks in the US market.

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