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Wednesday, October 16, 2013 

Stocks to Watch for October 17, 2013

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Wednesday's high volume breakout, could be the start of a nice squeeze higher for Lihua International Inc (NASDAQ:LIWA). Over 7% of float is short (15 days to cover). The stock had a large spread and volume, successfully breaking several resistances lines at 5.21 and 5.37. Also worth noting is the stock price which is now above all major exponential moving averages. Looking at the technical indicator MACD, the MACD is now above the zero line and the AC/DT is turning UP, both signs also indicate strength in the stock. Look for a quick run to $5.9 then on to $6.45

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I had this China stock on my watch list and it did not disappoint today. Congrats everyone who bought Gulf Resources, Inc. (NASDAQ:GURE) when I put out an alert on twitter this morning.

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Gevo, Inc. (NASDAQ:GEVO) The decline over the last weeks occurred on lower volume and the stock is firming around 1.80. Technically, the stock still in downtrend in short-term but at this level is showing some resistance to move down. Sustained move above the 1.88 level could signal development of a new uptrend. GEVO looks like it is gonna squeeze some shorts to me. The current days to cover is 19.8 and the Short Percent of Float is 26.05%. Let's keep an eye on it.

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Krispy Kreme Doughnuts (NYSE:KKD) Looks like it could be forming an Inverted Head and Shoulders pattern, if so a break of the neckline of 23.53 would give upside target of 28.

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Looking at the technical daily chart of Superconductor Technologies, Inc. (NASDAQ:SCON), the stock price is quickly approaching a BIG breakout if the stock can manage to trade above $1.82. A strong volume move above that level, could set the stock up to retest its August highs of $2.23. Momentum picking up with MACD climbing and RSI rising. The stock has a gap to be filled between 2.25 and 2.50.

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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.

Thanks for visiting AC Investor Blog.

AC

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you mentioned gure, what about the results on gern. I am a huge fan. Keep up the amazing work.

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  • I'm a 43 year old Independent Trader using proprietary 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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