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[Costa]

Time for Action! Ocwen Financial Corp (NYSE:OCN) has been showing relative strength for the last few days and closed on Friday above the 100-day EMA for the first time since January 2014. At this point the stock is set to test its line of resistance around 11.30 marked in early part of May. If the stock clears this key line of resistance, it would be a good opportunity to open a long position. From a technical standpoint the current up-trend is looking good. The MACD just flashed a buy on Friday while the RSI is moving above the 50% level. The ADX is also showing positive signals, which suggests this trend could continue for some more sessions.

Stocks to keep an eye on June 15