Netflix, Inc. (NASDAQ:NFLX) failed to hold the support of $252.22 signaling room for further weakness in the near term. Keep watching the stock for a major downmove if it breaks the next support at $247.29 on a close basis. With this recent fall, the daily relative strength index (RSI) of the stock has re-entered into the bearish zone. The short-term outlook for the stock is bearish.

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Zagg Inc (NASDAQ:ZAGG) – Nice looking breakout with huge volume. Excellent relative strength to broad market. Looking for a move above $15.30

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Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) broke resistance with a high volume move on Wednesday. Increased volume at the break-out supports the bullish trend. Buy the stock in dips with stop loss at $79.57.

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A123 Systems, Inc.(NASDAQ:AONE) is still holding support at $4.52 but at the same time has not bounce very strongly here. A break below this area will likely be bearish for stock, on the other hand a close above $5 on heavy volume will launch a rally. I like this stock for a short and longer term entry.

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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 324 Articles

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

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