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  • 02/11: ZNGA, HLX, AGNC, BSX, LVLT 0 comments
    Feb 11, 2013 12:57 AM | about stocks: ZNGA, HLX, AGNC, BSX, LVLT

    02/11: ZNGA, HLX, AGNC, BSX, LVLT

    Labels: AGNC, BSX, HLX, LVLT, ZNGA

    (click to enlarge)

    Zynga, Inc. (NASDAQ: ZNGA) is definitely one of my best picks for 2013 so far. It has been up for more than 50% since I start giving a "buy" signal for ZNGA. True, ZNGA has been running up too quickly recently. But not to mentioned about a reversal, I even seriously doubt it is going to pullback significantly. If you are really worried on ZNGA, I suggest your buy a put option. This way you can have an insured selling price better than a stop order. The benefit is that you can keep ZNGA in your portfolio and let it roll, while don't need to worry on a significant drop.

    (click to enlarge)
    Helix Energy Solutions Group, Inc. (NYSE: HLX) is a strong stock been going up crazily. I dont look for a reversal but I think it has the potential pull back to at least $22.00 level, giving us a decent level to go long. Keep HLX on your watchlist.

    (click to enlarge)
    After American Capital Agency Corp. (NASDAQ: AGNC) hits the MA(200), as well as reaching dividend yield of 16% on Thursday, AGNC gained over 3% on Friday. It is a huge handlestick and very notable since it happens right after AGNC touching MA(200), forming a definitive uptrend. The stock has reversed its downtrend since breaking above in mid-Dec-2012. Now, we have the confirmation !!! Let's get on the boat!!

    Other bullish indicators:
    1) Golden cross is taking place soon.
    2) Bullish MACD crossover is coming
    3) Friday's candlestick touches upper Bband, which signals for a continuation on the recent uptrend.
    4) MACD Signal line above zero first time since last Sept

    (click to enlarge)
    Another stock which has been ballooning, Boston Scientific Corp. (NYSE: BSX) is forming a flag pattern, with decreasing volume along the formation. If BSX breaks above $7.8 tomorrow, it could send the stock to $8.5 in a few days. Put BSX on your radar.

    (click to enlarge)
    Level 3 Communications, Inc. (NYSE: LVLT) is coming close to an end of an inverted head and shoulder pattern. LVLT has been traded flat since 2013. Bullish MACD crossover should take place in less than 3 trading days. Golden Cross 2 weeks ago. Look for a breakout above $25.00 if you wish to long LVLT.

    Please also visit my blog


    Disclosure: I am long ZNGA.

    Additional disclosure: I might initiate a long position in AGNC over the next 72 hours.

    Themes: Technical Analysis Stocks: ZNGA, HLX, AGNC, BSX, LVLT
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