` Gary Investing Blog: 7 More Stocks to Watch

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Wednesday, March 20, 2013

7 More Stocks to Watch

3D Systems Corp (NYSE: DDD) I know some people did not liquidate their position when DDD turned around in January. I am sorry to hear they have winded up with such a huge loss. DDD has dropped as low as $27.88 and crossed 200 moving average today, which many refers it as the "death cross.". Despite the low RSI reading, I suggest whoever holds DDD put a stop order at $28.00 as the outlook is very bearish for DDD and there is no sign of reversal here.

Globus Medical, Inc. (NYSE: GMED) seems to have found support from $14.00, signaling the uptrend is still taking place. It is a great level to entry and place a stop at $13.44.

 BlackBerry NASDAQ: BBRY has broken above its short term downtrend last week with a little pullback. Support is found around 50-day moving average after two trading days of this week. Long Candidate. Stop slightly below MA(50).

InterDigital, Inc (NASDAQ: IDCC) has found support from centerline of the BBand, which is also 20 day moving average. Again, as I have mentioned many times previously, Bollinger Band since mid-2012 has been a very accurate indicator for IDCC.

 Sprint (NYSE: S) broken above $6.00 level today, with a great volume. RSI has yet to reach overbought level. I think S has room to go to $6.4 before a pullback.

United States Oil Fund (NYSE: USO) has been beaten up badly today, almost covering all of its gain from Monday. Volume trend has been broken. RSI turned back down after reaching 50 level. It seems that Elliot Wave C, the largest minitrend in a downtrend, is around the corner. Get ready for seeing cheaper gas price at the gas station, folks.

NYSE: HPQ. Such a big move since 2013. Up almost 40% now. It is like no stopping. How far do you think HPQ can go? Please feel free to leave a comment below.

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