Trade Ideas: FORM, GURE, JNPR, MELA, NVTL

Juniper Networks, Inc. (NYSE:JNPR) is forming a small ascending triangle with resistance at $22.20. If resistance is broken, we could see a move towards $25. But a volume of above 11M is needed for a good break out.

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MELA Sciences, Inc.(NASDAQ:MELA) – Keeping on watchlist as there seems to be good support below us ( 200 SMA ). FDA pending news might come out any days from now. Could make a huge move to the upside.

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Novatel Wireless, Inc. (NASDAQ:NVTL) appears to have run out of sellers at current levels. The near-term outlook appears positive. A close above $3.65 would confirm the positive outlook and could push the stock to the target zone of $4.19.

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I’m going to keep following this stock because it has a fantastic risk/reward $325M in cash or a free cash flow per share of $6.38 and no debt….. Keep an eye on FormFactor (FORM) for a possible breakout over $7.60. The RSI and Stochastics also indicates existence of strength.

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Break Out The Champagne Folks !! The stock has climbed 30% over the last 2 days, since my call on Friday. I believe it has more volume, liquidity and price appreciation to come in the near-term. Technically speaking, many of Gulf Resources (GURE) indicators are looking even stronger, so keep watching GURE trade !

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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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