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Saturday, April 25, 2015 

Stocks to keep an eye on April 27, 2015

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Ibio Inc (NYSEMKT:IBIO) This Daily technical chart popped up on my scanner and I feel it's one that should make its way onto your watch-lists for next week. Yesterday the stock experienced the biggest volume since the February highs, signalling renewed interest from investors. You can see on the chart above by comparing the volume bar to the other volume bars. Large surges in volume like we had on Friday should always raise an eyebrow, since volume is one of leading indicators for technical analysis. I think we have here an explosive situation on our Hands! The daily technical chart is forming a large Cup and Handle pattern, which usually resolves in bullish fashion. A breakout would be confirmed when the price breaks above the level of 1.40. The momentum indicator is also rising, which adds further strength to the bullish evidences. Another sign of strength is that the stock has been sustaining above its key EMAs over the past few trading sessions and the RSI indicator is also rising in positive territory. Going forward, stock has immediate resistance at 1.12 followed by 1.32/1.40 levels. This stock needs to be at the top of your watch list.

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Sphere 3D Corp. (NASDAQ:ANY) released great news on Thursday 23th. The company announced that in collaboration with Microsoft will showcase its technologiesand product solutions during a joint global partner roadshow. Based on past history of stock performance and looking at the daily technical chart above I think we could see another strong rally in May testing and possibly breaking the 200-day EMA. MACD already gave the buy signal.

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On the daily technical chart above, the share price of ZIOPHARM Oncology Inc.(NASDAQ:ZIOP) has been trading sideways for the past couple of weeks after correcting from its all-time high of 14.40, which could be interpreted as a bull flag pullback. If price can get back over 12.13 then the bull case will win and we should look for a move to resistance at 14.

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BlackBerry Ltd (NASDAQ:BBRY) Closed the week above the downtrend line and looks like it will continue to run up. Looking at the daily technical chart above the stock has just entered into a short-term bull market as the price is on top of all major EMAs. Other technical indicator such as MACD, is rising and above 0 showing positive momentum, while RSI also show buy signal. If the stock breaks next resistance at 10.46, the share price is likely to move to the target zone of the 11.45-11.5 range.

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58 com Inc (NYSE:WUBA) stock is overextended and vulnerable to a sharp correction after a period of remarkable gains. The technical chart is forming a steep rising wedge, which combined with the overbought reading and the euphoric bullishness, could be the perfect storm for a strong correction. Be careful if you are long.

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500 com Ltd (NYSE:WBAI) Negative divergences are everywhere. If the MACD crosses it should trigger some sort of selling.

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Alibaba Group Holding Ltd (NYSE:BABA) displayed some impressive relative strength on Friday with a 2.7% gain on decent volume. $85.68 (50EMA) is a key to watch for this stock. The Stochastic Oscillator is registering a bullish signal as the %K has crossed above the %D and RSI back above 50. The nearest trend is in favour of Bulls and price has room to go higher. If the stock can break through that level (50EMA), we should see strong volume drive the stock higher. On watch.

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Have a peaceful weekend !!

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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Thursday, April 23, 2015 

Stocks to keep an eye on April 24, 2015

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Sangamo Biosciences, Inc. (NASDAQ:SGMO) Today's close on high volume confirms a trend change from downward to neutral. Will watch to see if it can break this horizontal resistance line. Technical indicators are showing signs of turning around. Over $16.20 would be buy trigger.

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Digital Ally, Inc. (NASDAQ:DGLY) could be in the early stages of a technical breakout (falling wedge pattern on daily). If the stock can break through 13.50 tomorrow, I expect to see heavy volume drive the stock higher.

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BlackBerry Ltd (NASDAQ:BBRY) After consolidating sideways the last few days with an upward bias, the stock broke out upwards today accompanied by a volume surge. Looks good for higher prices.

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Ibio Inc (NYSEMKT:IBIO) Volume starts to pick up again. Could make a nice move to the upside. MACD lines are going up. Keep this one on your watch list. A break of $1.12 with force might give IBIO room to $1.31.

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CA, Inc. (NASDAQ:CA) looks like it is getting ready to move. It has a good base at $31 which can be used as a stop loss for long position. On the upper side, the move is likely to accelerate above $32.50. Long setup.

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MEI Pharma Inc (NASDAQ:MEIP) rebounded from the support line located at $2.05 and closed the day near the highs, gaining 4.8% on the session. I'm watching the stock to breakout the resistance level at $2.44. The technical indicators still indicate a bullish tone in short-term.

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I think Galena Biopharma Inc (NASDAQ:GALE) stock has found a nice bottom here and it looks poised to post a rally from current levels. The Slow Stochastic just produced a new buy signal. I would watch for a breakout over the $1.46-1.48 region.

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 41 year old Independent Trader using propriety technical analysis with more than 18 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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