Gary Johnson L's  Instablog

Oct 01: CAH, HCSG, DDD, HCA

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Cardinal Health, Inc. (NYSE: CAH) shows positive sign in MACD and Chaikin Money flow index. From candlestick chart, there is a flag forming, which is a continuation pattern for recent run. The stock is about to cross its 50day MA from below. Keep it on your radar.

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Healthcare Service Corp, Inc. (NASDAQ: HCSG) broke out with a strong volume today. After recent-found well support at 50day MA, the stock today shows a gap open and a run to 23.81 at close. I look forward to seeing more action from HCSG. Stop can be made at the neckline.

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3D Systems Corp (NYSE:DDD) My once-favorite stock DDD has performed really bad recently. Trading well within the downward slopping channel. I am totally bearish on DDD, as well as SSYS, a similar 3D printing company.

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HCA Holdings Inc. (NYSE: HCA) After the breakout early September and the following pullback, testifying the neckline, the stock shows a good support at 31.5 level. And there is a huge run to the north for 4 consecutive days. I think HCA has high potential but given the fact that RSI is at overbought level, the stocks might shows a pullback in the future. Stop can be made at $31.5.

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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.