Stocks in Play for August 19 (GNBT, HEB, X)

United States Steel Corporation (X) made a great move today and was with an increase in volume, which shows us there are buyers in the stock. The resistance level for the stock is $50.35 ( 200-day moving average ), but don’t be surprised to see some additional resistance at the $50.59, which was the high of the day. The stock is probably back to uptrend and with KD rising we could see possible rally coming for the stock. Let’s keep an eye on X as i think momentum will pick up.

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Shares of Hemispherx Biopharma (HEB) surged 13% to 0.543 cents per share after the company said Wednesday that it won a $188 million judgment in a U.S. court against JCI Ltd., a South African investment conglomerate. Earlier this month I projected an upside coming for the stock. From a technical standpoint, the stock is now showing a tremenous strength with KD rising and MACD above 0. Now, with the stock back above 50-day moving average we may see more up side with MACD also rising. This kinde of news can give a stock a 1-3 day rally. I’ll be watching the stock again on Thursday, and will be buying once it breaks $.65.

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If you paid attention to yesterday’s alert and got into Generex Biotechnology (GNBT) at the opening bell, congratulations !!! My tip was great !!! Now that you are aware of GNBT, I suggest that you keep it on your radar. The stock broke out today on heavy volume. If this chart does what is supposed to do, GNBT will be going higher in the days to come. Great volume and a 10% gain on the day makes the stock a clear and easy winner. From a technical perspective, the stock is now in a new uptrend with share price above 20 and 50-daily moving averages. Let’s see if tomorrow the stock will confirm the breakout. Short-term investors can buy with a stop at $0.373 and long-term investors can hold with a stop at $0.355. Let’s keep an eye on her as i think momentum will pick up.

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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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