Stocks on Watch for the 18th of April
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Congrats everyone who bought this stock when I put out an alert on it.
Sequenom, Inc. (NASDAQ:SQNM) has gained more than 30% value in the last
five sessions, but don't think for a second that SQNM is finished it's
just getting started ! From a technical stand point the stock has
reversed the downward trend with MACD back above 0 and stock trading
above 50 day moving average. In addition, KD also indicate positive
momentum. OBV confirmed trend reversals. The stock is not yet overbought and there is room for a move up to 5 (but there may be resistance around 4.77). Insiders are also very
bullish about the company and have been buying shares in the last
six-months. Recent surge may spur profit taking but for the medium term the technical is looking good.
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Pacific Ethanol Inc (NASDAQ:PEIX) Needs to hold the 200 DMA (0.85) now
and recover to keep us in the play. Short term indicators are in favor
of bears.
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Ciena Corporation (NASDAQ:CIEN) Technical chart looks pretty good as the
golden cross has formed early March, RSI is around 60 and MACD is above
0. I believe the stock is setting up to break out and has one more level to go, which is $17.39.
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Verisign, Inc. (NASDAQ:VRSN) had a strong move today, as the stock set new 52-week highs. The stock
hit a high of $42.07, which is resistance for the follow through move.
The long term trend is bullish as the stock is above 50-day and
200-day moving averages with both moving averages going up. You should
watch this stock closely on Wednesday.
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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.
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AC
Labels: CIEN, PEIX, SQNM, VRSN
