Stocks to Watch for December 04, 2014

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Rambus Inc. (NASDAQ:RMBS) jumped 1.80%, today, and closed at 11.88, just slightly below key resistance at $12. If the stock breaks Wednesday's high of the day in the 11.98 area, it could retest the September highs in the 12.9-13.30 area within the next couple of days. Technicals are showing bullish signals supported by by rising MACD and RSI on the daily charts.

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Sorrento Therapeutics Inc (NASDAQ:SRNE) The technical daily chart shows possibility of new rally as the stock bounced up after dropping back to EMA9. If a break above the 4.30 level occurs tomorrow, price could eventually target the $5 region to the upside. Indicators are improving with increased accumulation. Keep SRNE on your radar.

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BlackBerry Ltd (NASDAQ:BBRY) made another move higher today on decent volume. The stock closed near the highs of the day as well, which is very positive. If volume can pick up I think this stock can break through resistance at $11.17 and re-test its recent highs. There looks to be good upside potential, so watch the stock very closely on Thursday.

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ChipMOS Technologies (NASDAQ:IMOS) had a great day on Wednesday. If the stock breaks today's high at 22.02 in the next couple of days, the stock could see a further move into 22.6-23 area.

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MOL Global Inc (NASDAQ:MOLG) has posted an impressive two day rally from sub $2 to a close of $3.90 today. This technical chart above still looks like this reversal has more legs to it and this strong rally could take the stock to $5 - $5.30 before weeks end IMHO

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Idera Pharmaceuticals Inc (NASDAQ:IDRA) was on my bottom scan recently and has impressed since surging over 80%. After a steep rise since last week, the stock is now in overbought territory. Any pullback could be a buying opportunity.

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There is a potential breakout scenario developing on the daily chart of Infinera Corp (NASDAQ:INFN). Buy signal : When stock breaks $43.39

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Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.

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