Advanced Micro Devices, Inc. (NYSE:AMD) is one of my top picks for 2012, I see some good reasons to keep this stock in my porfolio. From a technical standpoint AMD is still holding its 50-day MA, and has the potential to catch some strong bullish momentum if it reclaims the highs archived in October.

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FormFactor, Inc. (NASDAQ:FORM) – Keep on watch list poised to clear back above 50-day MA. Technical indicators are supporting the bulls. MACD is rising and near the signal line. RSI is also moving up and just crossed its 50% level. In addition, +DI is now above the -DI, indicating that bullish traders are stronger.

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InterDigital, Inc. (NASDAQ:IDCC) – The price movement in the last couple of days indicates that the stock has formed a short-term bottom at $41.52. A move to the $50-$52.60 range appears likely, however the stock needs to take out the 200-day MA first. The OBV is turning up giving another positive signal.

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Novatel Wireless, Inc. (NASDAQ:NVTL) – The tight volume and the stock price action since early November tells us that NVTL is building a base from which it can really move. We can see a fresh wave of uptrend if the stock manages to close above the levels of $3.60. Short Term traders can buy the stock above this level with a stoploss of $3.25 targets of 4.25-4.42. Medium term traders can buy the stock on close above $3.60 with targets of 4.42-4.78.

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Career Education Corp. (NASDAQ:CECO) – Looks like there were some nice buys coming in on Tuesday so we might have a nice bounce play here, there is little resistance until $8.54.

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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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