Stock Trade Ideas: AMRN, CECO, RAD, RDN, ZNGA

By Dec 27, 2012, 10:43 AM Author's Blog  

Radian Group Inc. (NYSE:RDN) breakout with strong volume yesterday, most likely has a few more moves in it. I’d wait for a pullback for a better entry point. Short term technicals are positive. CMF, RSI, MACD, and stochastics are rising.

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Rite Aid Corporation (NYSE:RAD) on breakout mode, a bit extended here so be careful on it. I would wait for a pullback to get on board, ideally to the 200-day moving average which is now at 1.30

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Zynga Inc (NASDAQ:ZNGA) starting to get some momo once again. In my view, the stock has formed a bottom in short-term and I expect a move past 2.45 to take the stock towards the target of 2.7 with stop-loss at 2.1

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Amarin Corporation plc (NASDAQ:AMRN) seems to be showing signs of bottoming at current levels. Due to the oversold reading on technical oscillators a bounce should be taken into account any time now.

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Career Education Corp. (NASDAQ:CECO) is currently into a consolidation phase, but has been comfortably placed above the 50‐day moving average. Short term indicators are positive. A close above 3.55 would confirm an end of the consolidation phase and would signal a fresh breakout for target of 4.

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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.
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