4 Stocks to Keep on Your Radar Screen: SOL, THQI, MOT, CTIC

It looks like ReneSola (SOL) is in a free-fall mode with the first barely visible level of support at $7.85 ( 200-day moving average ). There is the old adage of never catch a falling knife, so I’m remaining cautious. In other words, the area around $8.40 and $7.90 are strong supports from where a reversal is possible. If it breaks $7.85, the stock is doomed. Not a pretty picture. Long positions must be avoided.

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THQ Inc. (THQI) had a strong bullish momentum today gaining nearly 4% and end the day near the highest price of the day. The bias is bullish in nearest term targeting $4.80 resistance area. CCI is bullish and suggesting an upward momentum on daily chart.

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Motorola, Inc. (MOT) reversed from the support at $7.80 once again and rose to close at $7.94. Short-term resistance for the stock is at $8.03. The short-term view is still sideways.

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Cell Therapeutics (CTIC) – Despite its present recovery after today’s news, as long as the stock continues to trade below $.40 level, I remain nearer term bearish on the stock. This leaves the $.37 level as the next downside target where a loss will call for more weakness towards the $.35 level. Below there should cause further bear threats. On the upside, a violation of the $.41 level is required to start a new uptrend.

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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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