Stocks in Play: THQI, SOL, CAT, JASO, CTIC

THQ Inc. (THQI) has been in the process of consolidating here for an another big up move. The stock has weathered the recent pullback without too much chart damage. Short-term outlook remains bullish with $3.91 support intact. A break above $4.23 would confirm the possibility of a move up to the target price of $5. On the other hand, a decline below the 50-day moving average would blunt such a possibility. Looking at the technical chart above MACD and KD both signal positive strength. The stock still trading above 20 day and 50 day moving average, also a bullish sign.

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ReneSola Ltd. (SOL) is losing some upside momentum with a bearish divergence in stochastics on weakening trend. Nevertheless, further rally is still expected with $11.50 support intact. Current rise is still in favor to continue to retest $12.72 high. However, note that break of $12.02 support will suggest that a short term top is formed.

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Caterpillar Inc. (CAT) continues to consolidate below $80.08 but with $75.92 support intact, short term outlook remains bullish. Further rally is still in favor as long as the minor support holds. On the downside, below $78.09 ( 13-day moving average ) will argue that a short term top is formed, possibly with bearish divergence condition in the daily MACD and will turn bias back to the downside for $75.92 support.

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The outlook remains positive for JA Solar Holdings Co., Ltd. (JASO), which is ruling near its 52-week high. As long as it stays above $7.96, the outlook would remain positive. If the current trend sustains, the stock could reach $13.48. It finds an immediate support at $8.50.

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With a temporary top in place at $.3925, the bias in Cell Therapeutics, Inc. (CTIC) remains neutral for the moment. Deeper retreat could be seen to $.372 and below. But after all, another rise remains in favor as long as $.372/.37 support zone holds. The short-term trend seems to be positive.

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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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