Stock Picks for Dec. 28: AONE, CSCO, FRPT, INTC

Hey Traders! I hope everyone had a great Christmas day, now its all about planning for the new year.

To start things off, let’s take a look at the daily chart of the Force Protection, Inc. (NASDAQ:FRPT). The stock is on the verge of a breakout and there’s plenty of room for upside. FRPT closed up 14 cents today and looks poised to make another move on Tuesday. From my point of view, there are solid and consistent buyers here. FRPT’s chart suggest that increased buy side activity could push share prices to much higher levels. In the past year, the stock has hit a 52-week low of $3.86 and 52-week high of $6.75. The short-term outlook for FRPT remains positive. The MACD also confirms the recent jump and RSI shows that there’s more upside to come. The stock could touch an upside target of $6.55 in the short term. Existing holders could remain invested. A close above $5.73 would have positive implications and could push the stock to the 5.92-6.19 range.

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A123 Systems, Inc. (NASDAQ:AONE) is also on my radar……..From a short-term perspective you can see from the daily chart below that the price is now very close to the short-term trendline that’s been in place since August. Therefore there is a high probability that the stock will finally break this downtrend line and move up big and fast, particularly as many indicators are moving upwards.

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Cisco Systems, Inc. (NASDAQ:CSCO) was able to get up through the resistance and sustained the move. The stock hit a high of $20.26, which is resistance for Tuesday’s move. If the stock can break through resistance, we should see a strong follow through. Watch the stock closely tomorrow.

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Intel Corporation (NASDAQ:INTC) appears to be retesting prior resistance as support.

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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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