( click to enlarge )Simon Property Group, Inc (NYSE:SPG) broke out to new highs today on 1.5x the daily 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 $140.
( click to enlarge )On the radar. Bottom play. XenoPort, Inc. (NASDAQ:XNPT) gave us a nice move today, which could be the start of a bigger move. The stock reversed most of the prior week's loss and regained the 50 day MA on decent volume. I'm using today’s high of $4.35 as resistance for Tuesday. A break above that area could trigger further bullish momentum and keep the bullish scenario intact. I bought the stock because I remain encouraged by their strong balance sheet with a high level of cash, no debt and high institutional ownership level 87% Bullish.
( click to enlarge )POZEN Inc. (NASDAQ:POZN) cleared resistance on expanding volume and looks ready to extend it's gains. Keep on watch list.
( click to enlarge )Research In Motion Limited (NASDAQ:RIMM) was one of the winners today, as the stock closed up 53 cents on the day with huge volumes. I'm going to keep an eye on it and see how it reacts tomorrow. The outlook is positive and a move to 13.86-14.15 appears likely. Note, the daily chart displays a positive MACD divergence.
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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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