Netflix, Inc. (NASDAQ:NFLX) seems to be a promising stock to follow in the coming sessions. NFLX had a large spread and large volume yesterday successfully breaking several resistances lines at 75 and 79.3. Also worth noting is the price which is now above the 20 and 50-day moving averages. This denotes strength for the stock. Looking also at the technical indicator MACD, the MACD is now above the zero line and the MACD Histogram still rising, both signs also indicate strength in the stock. Additionally, the RSI has entered into the overbought territory. As of current $83 is a resistance that needs to be taken out, then afterwards 90.
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Juniper Networks, Inc. (NYSE:JNPR) was flat yesterday. A close above $16.20 would be very bullish. If this resistance is broken on a close basis, there is a possible upside of up to 17-17.50.
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DryShips Inc.(NASDAQ:DRYS) has just closed above its 50-day moving average and is almost touching its 200-day moving average. The short-term uptrend is intact and signals further bullishness on this stock.
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The recent pull back created a great buying opportunity. The stock closed again above $11 and is registering a new buy signal in the daily time frame. Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) continues to be volatile. The stock is the hottest stock in 2012 and will have resistance up at $11.99 now.
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LeapFrog Enterprises, Inc. (NYSE:LF) broke out to record highs yesterday on heavy volume confirmation indicating that this breakout is more likely to be real. The stock is in a very strong bullish mode with MACD on top of signal and %K line on top of %D line, both showing buy signal. In the next sessions, we probably will see more positive action coming from the stock.
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