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Midweek Moves for Wednesday, June 12 2019

Nokia $NOK showed some life as the stock battles to stay above the $5.10 level. As Huawei gets locked out of the U.S. markets, Nokia, Cisco, and Ericsson will thrive.

Nio $NIO continues to flounder. Short away.

China-based stocks are on the rebound. $BIDU will struggle but $BABA Alibaba has the best upside.

Just like that, Apple $AAPL is about to enter the $200 level again. On what? iPhone unit sales are poor but services revenue is highly profitable.

With U.S/China trade resolution hopes, Micron $MU leads the way up.

Other near-penny stocks to avoid or trade and exit:

$GME GameStop had a good dead cat bounce.

$HIMX Himax Technologies has no growth. Trade the rip.

$BB BlackBerry is still kicking around. Stock is hardly holding the $8 level.

What are your trades for Wednesday as the week-long rally fades?

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