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Gary Johnson L
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  • 04/15: USO, GLD, DDD, S 0 comments
    Apr 16, 2013 1:58 AM | about stocks: DDD, GLD, S, USO
    04/15: USO, GLD, DDD, S

    Labels: DDD, GLD, S, USO

    (click to enlarge)
    Told you USO is going to drop in my April 8th's post, I had a target of $30.00. It is going to reach there very soon. With a MA(50) crossing below MA(200) (i.e. Death Cross) as a driver, $30.00 level should be inevitable, unless tension in Middle East rises all of a sudden.

    (click to enlarge)
    Along with oil prices, Gold also dropped significantly, amid Boston marathon attack. It is quite unusual to see gold dropping almost 9% in one day. So for those who shorted GLD as I signaled on Twitter, I totally suggest covering your position.

    (click to enlarge)
    3D Systems Corp (NYSE: DDD) As I have mentioned before, MA(50) acts as a resistance very perfectly. DDD does have signs of recovery, if not, a trend reversal from downtrend into an uptrend. With higher highs, and Bullish MACD crossover, if DDD also makes a higher low/trough around MA(200). It would be very considerable to go long DDD again.

    (click to enlarge)

    Sprint jumped after Dish Network offering $25.5 billion to buy its company. Keep S on your radar to see how the acquisition talk goes.

    Thank you for visiting Gary Investing Blog

    Twitter: GaryLee_HK


    Disclosure: I am short TSO.

    Additional disclosure: I am long ZNGA, APP, SNE

    Themes: Technical Analysis Stocks: DDD, GLD, S, USO
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