Trade Ideas: JVA, CIEN, NUAN, BMTI

Coffee Holding Co., Inc. (NASDAQ:JVA) – Some good volume spikes as this stock starts to stair setup suggesting at least for now some accumulation is taking in place. The white line is the 50-day moving average and a move over it would be technically good.

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Currently Ciena (CIEN) is trading at around the $12 range and a strong break past this level could generate a significant upswing. The daily MACD-histogram, MACD lines, 13-day SMA and stochastics are all rising. Hence, based upon current fundamental and technical factors, I believe that this symbol could make an explosive move upwards, especially based upon the company’s recent developments and future possibilities. In the past month, George Soros’ hedge fund reported a 4.99% passive stake in the maker of networking gear. Therefore, CIEN could be considered one of my favorite plays, as the share structure suggests enormous potential, so keep this stock in your radar.

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Nuance Communications Inc. (NASDAQ:NUAN) – Over $22.48 for a break out trade.

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BioMimetic Therapeutics, Inc. (NASDAQ:BMTI) is trading at where it was two months ago so this is probably a good time to begin buying the stock as %K line has just crossed on top over %D line indicating buy signal. Nice bottom base here.

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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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