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By David Powers

Below is a list of ten steadily up-trending stocks with relatively high RSIs and ADXs that may continue to trade up in the near-term or quite possibly pull back to make for better buying opportunities. I have also included an up-trending stock that is technically overbought, which you may wish to avoid altogether.

1. Cisco Systems, Inc. (CSCO) RSI: 73.43 ADX: 44.05

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From the company:

At Cisco customers come first, and an integral part of our DNA is creating long-lasting customer partnerships and working with them to identify their needs and provide solutions that support their success. The concept of solutions being driven to address specific customer challenges has been with Cisco since its inception. Husband and wife Len Bosack and Sandy Lerner, both working for Stanford University, wanted to email each other from their respective offices located in different buildings but were unable to due to technological shortcomings. A technology had to be invented to deal with disparate local area protocols; and as a result of solving their challenge - the multi-protocol router was born.

The company's stock currently trades at $21.19 with 5.39 billion shares out, giving it a market cap of $114.13B. Institutional ownership stands at about 70%, with the short interest as of 03/15/12 being 43.93 million shares.

The average analyst price target is $23.00.

2. JPMorgan Chase & Co. (JPM) RSI: 72.07 ADX: 62.63

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From the company:

Our company was built with hard work over 200 years. We would like to create a company that all can be proud of, and we are confident that, working together, we will build the best financial services company in the world. Certain principles are so fundamental to our success that we would like to describe them in some detail. If we can adhere to these principles - and they are not in order of importance - we will reach our goal of becoming the best financial services company in the world. We also hope they will give you a roadmap on how and why we make our decisions.

The company's stock currently trades at $46.13 with 3.82B shares out, giving it a market cap of $176.09B. Institutional ownership stands at about 73%, with the short interest as of 03/15/12 being 32.57M shares.

The average analyst price target is $48.74.

3. Vringo, Inc. (VRNG) RSI: 79.50 ADX: 44.75

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From the company:

Founded in 2006, Vringo (VRNG) is a provider of software platforms for mobile social and mobile video services. With its award-winning video ringtone application and other mobile software platforms - including Facetones™ Video Remix and Fan Loyalty - Vringo transforms the basic act of making and receiving mobile phone calls into a highly visual, social experience. Vringo's video ringtone service enables users to create or take video, images and slideshows from virtually anywhere and turn it into their visual call signature. In a first for the mobile industry, Vringo has introduced its patented VringForward technology, which allows users to share video clips with friends with a simple call.

The company's stock currently trades at $3.10 with 9.95M shares out, giving it a market cap of $30.86M. Institutional ownership stands at a mere 17%, with the short interest as of 03/15/12 being 257.2k shares.

Insufficient data to provide an average analyst PT.

4. Huntington Bancshares, Inc. (HBAN) RSI: 70.48 ADX: 51.16

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From the company:

We provide personal banking for individuals and families, small business banking, banking for middle market businesses and nonprofit organizations, and specialty financial services through our offices and more than 600 local branches, more than 1,300 ATMs, and via online and mobile banking across six states: Ohio, Michigan, Indiana, Pennsylvania, West Virginia, and Kentucky. We're headquartered in Columbus, Ohio, but each of our Huntington branches and offices serves as headquarters for local customers' financial needs. Huntington has $52 billion in assets and more than 11,000 colleagues who live in the communities we serve. We support our communities through local involvement and leadership.

The company's stock currently trades at $6.56 with 865.82M shares out, giving it a market cap of $5.68B. Institutional ownership stands at about 69%, with the short interest as of 03/15/12 being 14.75M shares.

The average analyst price target is $6.75.

5. Lowe's Companies, Inc. (LOW) RSI: 75.92 ADX: 55.63

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From the company:

Lowe's has been helping our customers improve the places they call home for more than 60 years. Founded in 1946, Lowe's has grown from a small hardware store to the second-largest home improvement retailer worldwide. Lowe's stores stock 40,000 products in 16 product categories ranging from appliances to tools, to paint, lumber and nursery products. Lowe's has hundreds of thousands of products available by Special Order - offering everything customers need to build, maintain, beautify and enjoy their homes. Lowe's operates more than 1,745 stores in the United States, Canada and Mexico.

The company's stock currently trades at $31.38 with 1.24B shares out, giving it a market cap of $38.94B. Institutional ownership stands at about 77%, with the short interest as of 03/15/12 being 19.50M shares.

The average analyst price target is $30.48.

6. Arena Pharmaceuticals, Inc. (ARNA) RSI: 80.77 ADX: 56.52

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From the company:

We are a clinical-stage biopharmaceutical company focused on discovering, developing and commercializing oral drugs that target G protein-coupled receptors, or GPCRs, an important class of validated drug targets, in four major therapeutic areas: cardiovascular, central nervous system, inflammatory and metabolic diseases.

The company's stock currently trades at $3.10 with 180.42M shares out, giving it a market cap of $559.31M. Institutional ownership stands at about 27%, with the short interest as of 03/15/12 being 27.82M shares.

The average analyst price target is $1.38.

7. Qualcomm, Inc. (QCOM) RSI: 80.39 ADX: 53.78

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From the company:

From its beginnings in 1985, Qualcomm has grown from seven individuals meeting in a den to a world-leading provider of wireless technology and services. Qualcomm is a global company, a firm with many facets, with each business division changing the way we live and work through its own unique contributions. But no matter what each Qualcomm business does, all are united by a single, driving passion: To continue to deliver the world's most innovative wireless solutions.

The company's stock currently trades at $68.32 with 1.69B shares out, giving it a market cap of $115.56B. Institutional ownership stands at about 82%, with the short interest as of 03/15/12 being 14.72M shares.

The average analyst price target is $72.59.

8. CBS Corp. (CBS) RSI: 79.80 ADX: 52.40

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From the company:

Recognizing its influence as one of the world's leading media companies, with assets that include national television networks, local TV and radio stations, interactive and outdoor media and a publishing house, CBS Corporation strives to use its power and reach for the public good. Its commitment to quality news coverage, community outreach and support, public service announcements, diversity efforts and socially responsible content across all its divisions has earned CBS the distinction of being a public trust.

The company's stock currently trades at $33.74 with 649.08M shares out, giving it a market cap of $21.90B. Institutional ownership stands at about 81%, with the short interest as of 03/15/12 being 7.35M shares.

The average analyst price target is $34.72.

9. Abbott Laboratories (ABT) RSI: 81.08 ADX: 69.48

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From the company:

We are a global, broad-based health care company devoted to discovering new medicines, new technologies and new ways to manage health. Our products span the continuum of care, from nutritional products and laboratory diagnostics through medical devices and pharmaceutical therapies. Our comprehensive line of products encircles life itself - addressing important health needs from infancy to the golden years. Abbott has sales, manufacturing, research and development, and distribution facilities around the world, close to where our customers need us to be. We are recognized for our global reach and our ability to serve our customers around the world.

The company's stock currently trades at $61.24 with 1.57B shares out, giving it a market cap of $96.29B. Institutional ownership stands at about 67%, with the short interest as of 03/15/12 being 21.61M shares.

The average analyst price target is $61.45.

10. American Express Co. (AXP) RSI: 72.98 ADX: 54.12

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From the company:

Each day, American Express makes it easier, safer and more rewarding for consumers and businesses to purchase the things they need and for merchants to sell their goods and services. An engine of commerce, American Express provides innovative payment, travel and expense management solutions for individuals and businesses of all sizes. Most of all, we help our customers realize their dreams and aspirations through industry-leading benefits, access to unique experiences, business-building insights, and global customer care. We enable our customers to do more and achieve more.

The company's stock currently trades at $58.01 with 1.20B shares out, giving it a market cap of $69.72B. Institutional ownership stands at about 80%, with the short interest as of 03/15/12 being 10.12M shares.

The average analyst price target is $58.38.

Stay out of the cross-hairs:

Smith & Wesson Holding Corp. (SWHC) RSI: 81.25 ADX: 68.01

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From the company:

Smith & Wesson Holding Corporation (SWHC) is a U.S.-based, global provider of products and services for safety, security, protection and sport. The company designs and constructs facility perimeter security solutions for military and commercial applications, and delivers a broad portfolio of firearms and related training to the military, law enforcement and sports markets. SWHC companies include Smith & Wesson Corp., the globally recognized manufacturer of quality firearms; Smith & Wesson Security Solutions, a full-service perimeter security integrator, barrier manufacturer and installer; and Thompson/Center Arms Company, Inc., a premier designer and manufacturer of premium hunting firearms. SWHC facilities are located in Massachusetts, Maine, and Tennessee.

The company's stock currently trades at $8.47 with 64.88M shares out, giving it a market cap of $549.56. Institutional ownership stands at about 53%, with the short interest as of 03/15/12 being 2.63M shares. Technicals show the stock is way overbought and I wouldn't be a buyer here over $7.00 anyway, given its already high multiple.

The average analyst price target is $7.40.

Source: 10 Steady Climbers To Set Your Sights On