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Thursday, September 19, 2013

09/19: AAPL, GOOG, PCYC

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Apple is still closing below 200SMA after the good news from the Fed yesterday. AAPL was traded with very low volume yesterday compared with SPY. How prices on AAPL develops this week is very important to its outlook. Before AAPL breaking above 200SMA, I remain bearish with a target $400.

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Google, Inc. (NASDAQ: GOOG) breaks slightly above the last peak, closing at $903.32. I target $930 in two weeks when the positive effect of the FED not tapering should wear off by then. Let's see if 50SMA can be a major support from now.

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Pharmacyclics, Inc. (NASDAQ: PCYC) beaks are not getting higher with sluggish movement. PCYC is at its high again. RSI and MACD are showing negative divergences as both are falling against the price uptrend. You should consider profit-taking; however I don't suggest going short as a breakabove might lead to short squeeze as well.

Thanks for reading,

Gary Investing Blog

Wednesday, September 18, 2013

09/18: X, HLF, SOHU, BBRY

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 Blackberry (NASDAQ: BBRY) There is possibly a bottoming pattern here with support found around $10.00. Although MACD is at negative region, the MACD signal line is turning up and a bullish crossover should be around the corner. 50SMA is showing rounding bottom. RSI 50-level shows support as well. I target $12.00 for BBRY for the short run. I don't see BBRY could cross above 200SMA in the coming months.


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 Herbalife Ltd (NYSE: HLF) is coming back and making new highs again and again. HLF breaks above $67.69 resistance level last week and continues its bullish act this week. Volume is increasing steadily along with MACD and prices. Until there is a unusual volume, due to short squeeze or speculative trades with a intra-day price hike, I don't see a pullback in the short future.

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SOHU is another candidate for buy the rumors, sell the news. SOHU opened at new high and closed with dropping 2.66% after several partnership and deals are announced this week. I can't say for sure if SOHU is going to drop. But the risk-reward ratio does not seem good to be on the boat. Avoid.

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US Steel Corp (NYSE: X) Yes! Again! As I mentioned, X has tested the breakout point with a pullback and run-up. I target X for $22 in one month. Refer to my posting on Friday and Sunday for details of my analysis.

Thank you for reading,

Gary Investing Blog

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