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Himax Technologies, Inc.
(NASDAQ:HIMX) gained 4% to 83 cents per share after analysts at
Rosenblatt Securities upgraded their rating to BUY with a PT of $9.
From a technical standpoint the stock is trying to break the downtrend
line visible on the chart above (yellow mark). If it breaks this key
resistance level, bulls may expect it to run toward $7. With MACD rising
and %K line on top of %D line, the major rally of the stock may be
finally coming. Im long.
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MELA Sciences Inc (NASDAQ:MELA) The
stock closed the day at $1.62 on decent volume and looks poised to post
more gains heading into the weekend. I expect this stock to trade above
$2 in the near term after today's strong close above the 20-day EMA.
Keep it on your watch list.
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MEI Pharma Inc (NASDAQ:MEIP) The
daily technical chart shows a stock that is right on the cusp of a
breakout. If price can break through its 20-day exp moving average, then
I think 2.44 level could be well within reach. Nice slow steady
accumulation in last days, MFI rising. Keep it on your watch list.
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Prana Biotechnology Limited
(NASDAQ:PRAN) hit my scanner today with some impressive volume and
closed up 14%. I expect some follow through on Thursday.
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