` Gary Investing Blog: 12/19: FSLR, INTC, CECO, YOKU, SODA, JDSU


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Wednesday, December 19, 2012


 First Solar, Inc. (NASDAQ: FSLR) Since I mentioned FSLR earlier this month about its breakout of ascending triangle, it has already been appreciated more than 10%. Now, I think there is an exhaustion because prices are starting to leave upper Bband with smaller and smaller volume. And take a look when last time MACD was at such high level, the stock prices first started with leaving upper Bband then with having a huge drop. Yup. Therefore, I think if you long FLSR, you should liquidate partial of your positions. P.S. RSI at overbought level and MACD histogram is falling.
Intel Corp. (NASDAQ: INTC) has gained a lot of message volume on Twitter and Stocktwits for a reason. After a breakout of its downtrend last week, INTC has validated its new support at $20.30. MACD crossed above zero two days ago. Today, INTC also closes above MA(50). I think INTC is a good bottom play candidate. OBV implied a prices around $22.00 with this level of cumulative volume. No overbought signal on RSI so far. Either set your stop slightly below MA(50) or $20.30.

 SodaStream International Ltd. (NASDAQ: SODA) breaks and closely slightly above $44.50, which makes an inverted head and shoulders fully formed. What for high RSI and low volume thou. I think tomorrow and the day after would be very important for the long term setup of SODA's technicals.

 Yoku Tudou, Inc (NYSE: YOKU) holds up nicely above MA(50). MACD is recovering very quickly and about to cross zero from below. The level of OBV is at a new high level but stock price is not. I consider it as positive divergence. I would long YOKU with a stop at $19.00.

 Career Education Corp. (NASDAQ: CECO) has been recovering from its low ($2.51) to $3.38. The price action has been following the upper Bband nicely but with wider candlestick's body. However, it holds well above MA(50) which is a good thing. Therefore, I think MA(50) is a good level for entry. CECO up 4.7% in after hours trading session.

NASDAQ: JDSU is approaching $13.60 neckline but volume is decreasing. I think there could be a double top more than a breakout coming. RSI at overbought level. Keep your eyes on JDSU also.

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