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  • Technical Analysis On IDCC GRPN SIRI 0 comments
    Sep 24, 2012 8:34 PM | about stocks: IDCC, GRPN, FB, ZNGA, SIRI, SPY

    Sept 24 watchlist: IDCC, GRPN, SIRI

    Click to enlarge
    InterDigital Inc. (NASDAQ: IDCC) has found support from its 200-day moving average. I believe the recent drop is normal considering the massive runs earlier in Aug and June. Although MACD is negative, Slow STO is near to reach oversold area. With a higher-than-14% short ratio, I believe this stock is a good candidate for speculate. Any good news would trigger short squeeze, making a huge run similar those IDCC previously had.

    Click to enlarge
    Sirius XM Radio Inc. (NASDAQ: SIRI), I am confidence in this stock due to its low Earning ratio and other multiples comparing with its competitors. Technical-wise, as long as SIRI is trading above the middle of the B.Band, I keep my bullish in this Company with MACD, On Balance Volume and moving averages raising.

    Click to enlarge
    Groupon Inc. (NASDAQ: GRPN) has been in my watch list for a while when the saucer bottom is forming early this month. With the formation coming close to an end, I am still bullish to this stock. For a safe play, I believe GRPN, would reach $6 in a short future. However, it is arguable whether it will fill the gap. Bottom line is, I expect a pull back after GRPN reaching $6 and partial or all holdings should be sold and see how the stock performs.

    Bad News today: Facebook and Zygna almost drop more than 9%. I think there is still a long way for both of them to proof the sustainability of their business models.

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