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[Costa]

Net Element International Inc (NASDAQ:NETE) had a good move on Friday. The stock broke and closed above the 50-day EMA for the first time since Nov2014 on expanding volume. It was the second heaviest volume this year. The stock could touch an upside target of $1.95/2 in the short term. The technical daily chart shows the stock is now back to uptrend and with MACD crossing to the upside we may see more upside. The ADX is also indicating a strong bullish outlook with +DI on top of -DI. Friday’s high was $1.31, which is resistance for the follow through move on Tuesday. If we see follow-through tomorrow it might run hard. Next major resistance lies at $1.56. Folks, always keep a trailing stop loss to book profits in case to exit any reversal in the trend. Technically speaking, the stock is now painting a short-term Bullish picture.

Full article: Stocks to keep an eye on February 17, 2015