InterDigital, Inc.(NASDAQ:IDCC) – As I’ve mentioned earlier the stock has shown increased trading activity in call options and some signs of being under accumulation or being bought, by institutions here. The implied volatility of put options remained flat. I believe that shares have room for a significant uptick beyond these levels. From a technical standpoint the stock is setup to move higher and could break the $50 mark and its 200-day moving average in the weeks ahead, something that could attract more traders to jump in and push shares even higher. Price has now crossed the 20-day moving average to the upside, another buy signal and an indication that the stock may have finally reached its bottom mid-Nov. RSI is also moving up and likely to cross its 50% level soon. Sto has now a Bullish cross. Keep your eyes on IDCC this week.

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Advanced Micro Devices, Inc. (NYSE:AMD) broke the symmetrical triangle to the upside on Friday pointing the way for further move up. Technical indicators such as OBV is confirming the upside movement and the volume was significantly higher compared with last two days. Although the stock didn’t perform well this year, we start to see now some signals of rebound as the technical chart shows positive momentum is back.

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The short-term bullish momentum of FormFactor, Inc. (NASDAQ:FORM) continued on Friday . The stock has recovered nicely and can potentially set-up very well for a swing-trade if the stock breaks through the resistance level at $6.57. Technical indicators are becoming more favorable with MACD and Stochastics moving up. There could be good upside in this trade, so watch FORM this week.

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ZAGG Inc. (ZAGG) Looking at the technical chart below the near-term trend is bearish and the stock faces resistance at $12.42-12.71. A close above this range is a pre-requisite for the reversal of the bearish trend.

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I’ve followed Plug Power Inc. (NASDAQ:PLUG) for sometime and over the last trading sessions I never seen so many buyers purchasing the stock. The volume over the recent days has dramatically increased. There are some days when the normal average volume is reached in the first hours of trading, which mean someone is accumulating a huge amount of shares for the coming weeks. The On the balance indicator shows exactly this situation. Let’s see whether the stock can gather enough momentum to break through $2.71. If the Bulls are able to push through this level, there will be a new rally towards $3.

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XenoPort, Inc. (NASDAQ:XNPT) – Selling pressure is losing steam here. Good base building around $5. If the stock can hold this support we may see a bounce to $5.25-$5.5.

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Unusual Volume:

ETFC – E*Trade Financial Inc
MCP – Molycorp Inc
CSOC – Caduceus Software S
TTWO – Take-Two Interactive
POLJF – Polo Resources Ltd
MVIS – Microvision, Inc.
DAR – Darling Intl
ANX – Biokeys Pharmaceutical
ALIM – Alimera Sciences
TSLA – Tesla Motors Inc
HPGS – High Plains Gas Inc
SREV – ServiceSource International
CLKZ – Clicker Inc
TRP – Transcanada Corp
DPTR – Delta Pete Corp
DPDW – True Health Inc
PRMW – Primo Water Corp
SSN – Samson Oil & Gas Ltd
AMAR – Amarillo Biosciences
ARWR – Arrowhead Resrch
MITK – Mitek Systems, Inc.
ASTM – Aastrom Biosciences
ASNB – Cardiotech International
MKTG – Responsys Inc
GRAVF – Brockton Capital Corp

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.

Visit: AC Investor Blog

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