( click to enlarge )Achillion Pharmaceuticals, Inc. (NASDAQ:ACHN) is close to a break out above $3.71. The stock price action has remained under its daily 100-day exp moving average for some time, however a rising daily MACD momentum has begun a bullish divergence, suggestive of a price reversal at these price levels. A break above $3.71 would be bullish. Maxim Group upgraded the stock from Hold to Buy with a price target of $6. Let's keep an eye on it.
( click to enlarge )Westar Energy Inc (NYSE:WR) good relative strength compared to the market today. The stock looks poised to clear this major resistance area. Keep on watch for the break on volume and go long.
( click to enlarge )InterDigital, Inc. (NASDAQ:IDCC) is displaying upside momentum on chart and looks poised to move higher from these levels. Expect an initial run up to its 200-day exp moving average at $33.71.
( click to enlarge )KCAP Financial Inc (NASDAQ:KCAP) has been consolidating in a tight range for the past six weeks just above its 50-day exp moving average. Volume is starting to build and it may attempt to break out over the 200-day exp moving average. Let's keep an eye on it.
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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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