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Intersil Corp (NASDAQ:ISIL) broke
the downtrend line last week on decent volume and looks like it is
taking a little breather here before moving back above the $13.70 zone
which would be the next buy point. If momentum continues as I expect
next week, I think there are lot of profits left on the table for
traders to capitalize on. Options traders are buying calls. A quick look
at the technical daily chart :
1) MACD lines are going up
2) RSI still above the neutral 50 level at 54, buyers strength still persists.
3) CMF is positive
4) The +DI crossed up through the -DI las week - Bullish.
5) OBV still climbing.
6) The accumulation/distribution indicator shows the stock is under strong accumulation
Honestly speaking, there is some upside potential, which makes it worth watching for the next few days. Keep watching the stock.
1) MACD lines are going up
2) RSI still above the neutral 50 level at 54, buyers strength still persists.
3) CMF is positive
4) The +DI crossed up through the -DI las week - Bullish.
5) OBV still climbing.
6) The accumulation/distribution indicator shows the stock is under strong accumulation
Honestly speaking, there is some upside potential, which makes it worth watching for the next few days. Keep watching the stock.
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CymaBay Therapeutics Inc
(NASDAQ:CBAY) formed a bullish candle on the daily technical chart and
reversed higher on solid volume from the key long-term support level.
The stock is on the cusp of a move higher that could take it to the
100-day EMA at 4.20 pretty easily.
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HD Supply Holdings Inc (NASDAQ:HDS)
tagged a new 52-week high on Friday but closed poorly. Shareholders may
remain invested with a stop-loss at $33.80 (20EMA).
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Facebook Inc (NASDAQ:FB) has been
consolidating the past few days and just recently started inching above
most of the consolidation zone. Volume is starting to pick up and there
could be a decent short squeeze if it clears the 83.20 level. On watch.
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