7 Stocks to watch next Week
( click to enlarge )
BioCryst Pharmaceuticals, Inc. (NASDAQ:BCRX) Looks like this is it !!! The stock finally broke resistance at $1.75 with a big spread and large volume. On the daily time-frame, it looks like the resistance that was broken ( horizontal white line ) was part of an ascending triangle with a possible price target of $2.50. In addition, the stock closed above its 50-day SMA for the first time since late October. Watch the stock closely next week.
( click to enlarge )
Needham & Company published a research report on Friday reiterating the “buy” rating on FormFactor, Inc. (NASDAQ:FORM) while maintaining the price target of $8. On the daily time-frame, FORM has been doing nothing but uptrending for the past 8 weeks, with shares making mostly higher lows and higher highs. The stock is currently trading above both its 20-day and 50-day moving averages, which is bullish. Lastly, the accumulation / distribution indicator shows the stock is under strong accumulation. Nearest resistance for the stock is at $5.37. If this level is crossed and the stock is able to sustain above this level, then it might go to $6.
( click to enlarge )
Research In Motion Limited (NASDAQ:RIMM) - The stock finished the day up 13.76% on huge volume of over 110 million of shares exchanging hands. That is a powerful sign that high prices are likely to continue. Long positions may be considered on price weakness with a stop-loss at $11. The next resistance it could encounter is at $14.2. Once that level is breached, the next resistance could be the 15 psychological area.
( click to enlarge )
Groupon Inc (NASDAQ:GRPN) needs to take out $5.50. The break of the resistance line with heavy volume should be the next buy point on GRPN. The stock is forming a possible Inverted Head and Shoulders Pattern.
( click to enlarge )
Invesco Ltd. (NYSE:IVZ) broke out today after it has been consolidating the past few trading days. The stock moved up on solid volume and should have a continuation move on Monday. If the stock can break through today's high of $27.83, I am a buyer of the stock with a stop-loss at 26.37
( click to enlarge )
TRW Automotive Holdings Corp. (NYSE:TRW) Breakout watch over $55.55 with volume.
( click to enlarge )
Cambrex Corporation (NYSE:CBM) Flagging above 20-day SMA. Watching over 11.94
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
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
Labels: BCRX, CBM, FORM, GRPN, IVZ, RIMM, TRW
