Stocks in Play for Oct 22: THQ, Compuware, Cepheid

THQ Inc. (THQI) finally broke above resistance in todays trading session after a period of consolidation and this is a good time to buy. The stock has been moving nicely the past couple of days. I still like this stock and will be watching it again on Friday, expecting to see a continuation move. Resistance for Friday is $4.39, which was today’s high. Next target is the red line on the chart. If the price is able to close above the red trendline then expect a run up to previous swing highs.

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Compuware Corporation (CPWR) is trading up after hours, as the company announced earnings after the close. I expect the stock to gap up on Friday, as well as trade very high volume. Resistance is $8.97, which was the high on October 15th. The stock should have a lot of action on Friday, so watch the stock closely throughout the day.

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Cepheid (CPHD) is also trading up after hours, as the company released earnings and raised guidance. I expect the stock to be very active tomorrow, as it should gap above Thursday’s close. Resistance is $18.60, which was the high on October 19th. CPHD has huge upside potential if buyers jump in, so keep a close eye on it for Friday.

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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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