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Sunday, June 17, 2018 

Hot stocks to watch next week and a few small caps to keep an eye on

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iQIYI, Inc (NASDAQ: IQ) remains one of the hottest stocks on the market right now. It has been in a nice uptrend for the last four weeks and it looks very strong with all major short-term EMAs going up. IQ is very overbought, so this means a possible correction is near and this may give us a chance to jump in on the stock when it moves lower. IQ is a stock to keep an eye on for awhile.

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HUYA Inc (NYSE: HUYA) is another IPO play overextended and vulnerable to a correction after a period of remarkable gains.

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Kadmon Holdings Inc (NYSE: KDMN) looks to be setting up for an upside move, as the stock has held up well the past few days. KDMN is in the top of a short-term trading range. Resistance is $3.96. At this stage it is definitely a wait and see if the resistance will be easily taken out by the bulls. On watch.

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TapImmune Inc. common stock (NASDAQ: TPIV) is very bullish with a lot of hot indicators showing up. The slope of the upward move is very steep accompanied by increasing volume. Breakout watch over 10.91

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After a big breakout on heavy volume Carver Bancorp Inc (NASDAQ: CARV) has pulled back to support near $5 and should set up for its next upside move. The stock will face short to medium term resistance at $6.2. Once this level is crossed with good volumes, the stock can go to $8. Im accumulating at current levels.

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Evofem Biosciences Inc (NASDAQ: EVFM) From a technical standpoint, there are some signs of a possible bounce here due to the oversold indicators and some positive divergences, which often leads to short covering. Let’s see whether the stock can gather enough momentum to break through $3.85 next week. Current price levels are a bargain compares to where this stock can trade going forward IMHO. Financial Institutions own a lot of shares (86% of float).

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I continue to watch VirnetX Holding Corporation (NYSEAMERICAN: VHC) because the volume is still large so it could potentially break out again at any moment. The resistance level for the stock is $3.6 ( 200-day exponential moving average ), but don’t be surprised to see some additional resistance at $3.8, which was the major support in March.

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Verastem Inc (NASDAQ: VSTM) broke out Friday and I am looking for a continuation move on Monday. Heavy volume came in as VSTM broke through its resistance level of $6.43. From the technical chart it looks like the stock is ready for another rally as %K line is on top of %D line indicating buy signal. Keep it on watch.

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This IPO play could start to heat up the next few weeks. The daily chart shows a stock that is looking to rally with $5.4 as the next logical price point. Tight stops should be used.

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Twitter Inc (NYSE: TWTR) posted a 52-week high on Friday but failed to close higher. I think the stock needs to digest the recent gains and work out the overbought condition with a correction or consolidation.

During the day I tweet many times to my readers. I encourage everybody to subscribe AC Investor Blog twitter and newsletter, so you can receive my trade ideas and stock news in real time.

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.

Thanks for visiting AC Investor Blog.

AC

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Saturday, June 09, 2018 

Stocks to Watch Next Week

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Viking Therapeutics Inc (NASDAQ: VKTX) is in a bullish flag consolidation which suggests that it may break above the recent highs soon.

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Izea Inc (NASDAQ: IZEA) Could history repeat itself ? After looking at this daily chart and reviewing the recent price action (everytime that RSI reaches an extreme oversold condition) i have come to the conclusion that we could see a surge like the one on the chart from April. The extreme oversold levels usually indicate the beginning of a change in direction and are a great place to look for reversal entries. So, that was the reason to take long positions here. Note: this is a penny stock so play it like a penny stock.

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Friday marked an important shift in Versartis Inc (NASDAQ: VSAR) shares as they closed above a major horizontal resistance line that has been forming since January. This stock was one of the big winners in after-hours, following the news that Director AKKARAJU SRINIVAS bought 1.05 Million shares in open market over last 3 days. Keep VSAR on your radar for Monday’s trading day.

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BlackBerry Ltd (NYSE: BB ) Chart is simply telling me that this is a nice healthy pullback on low volume after a big run. The trend should resume back up in the very near future. The stock has a Bullish outlook.

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Stitch Fix Inc (NASDAQ: SFIX) had a huge breakout day on Friday and closed above the EMA100 on heavy volume. The next key resistance levels are located at $26 and $26.88

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Extremely bullish moves on Ascena Retail Group Inc (NASDAQ: ASNA) are taking place over the last session’s. The stock broke another flag formation Friday on heavy volume. The stock hit a high of $4.74, which is now resistance for Monday’s continuation move.

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Galectin Therapeutics Inc. Common Stock (NASDAQ: GALT) had good volume and a big bullish candlestick on Friday. Breakout watch over 6.74

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Synergy Pharmaceuticals Inc (NASDAQ: SGYP) is threatening to break through the 100 day moving average which would be a very bullish sign for the stock. Resistance is $1.90. The stock has been strong over the past days, so watch it closely the next few trading sessions.

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Ekso Bionics Holdings Inc (NASDAQ: EKSO) had also a positive day on Friday. The $1.84 level or EMA200 is the next resistance level that if broken, could send shares back to $1.95. If the stock can break through resistance, we should see another strong upside move. EKSO will move very quickly, so watch the stock closely on Monday.

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Chinanet Online Holdings Inc (NASDAQ: CNET) has a very interesting technical daily chart as the stock looks to be ready for a good upside move. The technical indicators are displaying good signs. Resistance for this move is $3.30. The stock can move quickly, so watch the stock closely.

During the day I tweet many times to my readers. I encourage everybody to subscribe AC Investor Blog twitter and newsletter, so you can receive my trade ideas and stock news in real time.

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.

Thanks for visiting AC Investor Blog.

AC

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  • I'm a 44 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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