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J C Penney Company Inc (NYSE:JCP) On
a technical basis, the daily chart shows higher lows and higher highs,
which is a positive trend suggesting bulls are still in control. The
next high should be another higher high around the $10 level. Immediate
resistance remains at 8.75, with a break above it required to confirm
another leg higher. Weekly call options were hot on Friday.
Additionally, this stock has been showing signs of accumulation over
past couple weeks. Keep it in your watchlist for next week.
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Shares of TASER International, Inc.
(NASDAQ:TASR) made a new 52 week high on Friday closing at $32.37 on
heavy volume. The stock hit a high of $33.23, which is now resistance
for Monday’s continuation move. If the stock can break through
resistance, we should see another upside move. The momentum indicators
are all in bullish territory.
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Digital Ally, Inc.(NASDAQ:DGLY)
showed buying strength all day on Friday. Price is slowly recovering.
The 16-16.27 area is a critical resistance region that can determine
overall bias for the stock in medium-term. Keep an eye on these levels.
So far, momentum indicators are in favor of an upward price movement:
The MACD has generated a buy signal and is currently above the 0 line
and RSI is above its 50% level. On watch.
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xG Technology Inc (NASDAQ:XGTI) is
approaching a key resistance level at 40c, a break above that resistance
level would lead to an initial target in the 58-60c area, its January
high and then to levels not seen since December 2014. Technical chart
shows bullish sign with RSI above 50% levels and MACD on top of signal
line.
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ZIOPHARM Oncology Inc. (NASDAQ:ZIOP)
surged over 8% on decent volume, what looks like the start of a
potential bounce. The stock is still oversold as evidenced by the
stochastics and RSI, so there is still some chance that the stock may
test the $11 levels in coming days. Stop loss must be placed at $8.6
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Hertz Global Holdings Inc (NYSE:HTZ)
had a solid breakout Friday on almost double its average volume in the
midst of strong call option activity. The stock hit a high of $22.41
which is now resistance for Monday’s follow through move. Daily
technical indicators are looking bullish. The MACD is negative but is
rising above its signal line and Slow stochastic and RSI have re-entered
their respective Bullish zones.
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