Stocks to Watch for October 29, 2015

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Sonus Networks, Inc. (NASDAQ:SONS) finished with a nice bullish candle today after reported earnings that beat Wall Street estimatives. I see the stock on verge of breaking up out of this compression. My short-term indicators have signaled buy with bullish divergences, thus we can expect a rally to test the $8 resistance level soon.

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Lion Biotechnologies Inc (NASDAQ:LBIO) seems to have reversed from its short-term downtrend and could be starting a new uptrend. With the MACD rising and above its signal line, this stock could post a nice rally from current levels.

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Valeant Pharmaceuticals Intl Inc (NYSE:VRX) This is a stock that could head higher from Wednesday's close. VRX is in the process of bottoming and I expect a pop above $122 very soon. The A/D indicator on chart shows the strength of conviction behind this short-term bullish trend. On radar.

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AK Steel Holding Corporation (NYSE:AKS) made a strong reversal candle on heavy volume. If the stock can break Wednesday's high, I think we will rally back to the $3 level.

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Sunedison Inc (NYSE:SUNE) Really nice reversal candle today on high volume, with the positive divergence still expanding. Watch for a follow-through day tomorrow.

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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