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Gary Johnson L
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  • 04/23: GOOG, UVXY, CECO 0 comments
    Apr 23, 2013 11:33 PM | about stocks: CECO, UVXY, GOOG

    04/23: GOOG, UVXY, CECO

    Labels: CECO, UVXY, GOOG



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    Google, Inc. (NADSAQ: GOOG) has jumped almost 10% since last Friday from the previous low $761.26. Today's move is very sweet as it opens slightly below 50 SMA then pops all the way as high as $815.50 and closes at $807.90. GOOG literally closes above 50 SMA and get back on the upper half of the Bollinger band. Bullish MACD Crossover. Signal line approach zero from bottom. RSI looks healthy. Definitely a long candidate. Consider using a 10% trailing stop.



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    As I have twitted today, we all should realize that UVXY and VXX have a hard time staying above 50 SMA. Next time when we sees a market correction and fear index jumping. We would know what to do. Get prepared for short.

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    Career Education Corp. (NASDAQ: CECO) had a huge move today, jumping 8.29%. Technicals, such as MACD, RSI are showing signs of recovery. I can't say it is a trend reversal but RSI and MACD are both upward sloping. Reaching above $2.40 should trigger a series of short squeeze.

    Thank you for visiting,

    Gary Investing Blog

    Disclosure: I am long ZNGA, APP, SNE.

    Themes: Technical Analysis Stocks: CECO, UVXY, GOOG
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