Stocks in Play for September 16 (LVLT, NTRI, THQI, YHOO)

The outlook for Yahoo! Inc. (YHOO) is now positive and a move to 14.50-14.75 appears likely. The positive outlook would be in force as long as the stock remains above the 50-day moving average (now 14.04). Remain invested with a stop-loss at $14.04. The technical daily chart show a continuation of the trend with MACD and RSI trending upwards.

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Level 3 Communications, Inc. (LVLT) has recovered from its yesterday’s low of $.95. The current rally should at least push the stock to $1.07 per share where the major resistance is. The stock needs to close above this level to indicate a continuation of the rally. If this rally fails, there’s a new downside risk. Shareholders may remain invested with a stop-loss at $.95.

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NutriSystem Inc. (NTRI) mentioned here some times is on the cusp of a breakdown. But until it goes beneath it is just a pattern in formation and nothing more. Looking at the technical chart the near-term trend is bearish and the stock faces resistance at 18.45-18.50. A close above this range is a pre-requisite for the reversal of the bearish trend.

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I’ve mentioned THQ Inc. (THQI) for the bulls out there. I stand by this position. The stock made a nice move today and looks ready to continue on Thursday. The Stochastic Oscillator is registering a strong bullish signal as the %K has crossed above the %D. The nearest trend is in favour of Bulls and THQI has room to go higher. If the stock can break through $3.77, we should see strong volume drive the stock higher. You need to watch the stock closely because it could break resistance soon.

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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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