Stocks Watchlist For Wednesday, April 04

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Level 3 Communications, Inc.LVLT stock is building a nice flag, holding above 20 day SMA. Watching for 26.7 breakout.

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Macy's, Inc. M surged 1.69% to 40.89 breaking out an important resistance with heavy volume. We should be able to see some decent upside movement for the bulls here. Technically, the stock still in a very strong bull market with MACD on top of signal line and 50-day moving average on top of 200-day moving average.

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Red Hat, Inc. RHT broke out to new highs today on expanding average volume. The short-term uptrend is intact and signals further bullishness on this stock. Buy the stock in dips with tight stop-loss at $58.

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Celgene Corporation CELG had a nice breakout Tuesday. on expanding volume and looks ready to extend it's gains. Keep on watch list.

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Ford Motor Company F is trading within an ascending triangle with the down line at 12.25 and the higher line at 13. A break above this level with large volume would confirm the formation. Possible target price for the ascending triangle formation is at around $14.20. As you can see from the chart above, the stock is coming out of oversold territory with a bullish MACD crossover. Stay tuned.

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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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