Gary Johnson L's  Instablog

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Career Education Corp (NASDAQ: CECO) made a interesting move. It had a strong move today after hitting 50MA. 50MA ticking up. It could be a turnaround candidate.

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eBay Inc (NASDAQ:EBAY) hit as high as $50.94, and close at $50.83, breaking previous 52w high ($50.65). Watch this stock on Friday for a continuation on the move.. As long as the stock stay above 50day moving average, I am confidence in this stock. Bullish sign in STO, MACD, RSI. Looking at 50day and 200day moving averages, the trend seems very strong.

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Sirius XM Radio Inc (NASDAQ: SIRI) keep making new high recently. About to touch $3 line. We should see some corrective move after the breakout, considering RSI, STO is hitting overbought level.

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Baidu, Inc (NASDAQ: BIDU) is trading below 50 day moving average but getting close to test if it can cross it. Any breakout above $117.20 would be a great entry. BIDU is on my radar now.

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Intel Corp (NASDAQ: INTC) is trading at the very lower area of the downward price channel at $21.67 but STO shows improvements, making higher highs. The company reported lower than expected financial results yesterday causing a huge sell off. It is not hard to imagine sell off like this could be over reacted with such significant volume.

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Metlife, Inc. (MET) interestingly has a very similar chart with BAC (referred to my yesterday post) There is a confirmed double bottom (W) pattern. MET also made a breakout from previous high $36.52 and closes at $47.11. RSI has not yet shown oversold signal. +ve MACD. ATR decreasing gives indication that we can expect to experience a smaller variance in price. As long as it closes around $35.80-$36.00. I am confidence on MET.

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Disclosure: I am long SIRI.