AC Investor Blog: 12/01/2013

Stocks to Watch for December 31, 2013

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The short-term outlook for Riverbed Technology, Inc. (NASDAQ:RVBD) looks promising from a technical point of view. On Monday, the stock broke out from its trading range on relatively high volume, and the breakout was accompanied by a bullish MACD crossover. Based on Yesterday's action, I expect to see the stock move up in the next coming days. Technically, I'm bullish on the stock. Next major resistance lies at 19.38. Long setup.

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Advanced Micro Devices, Inc. (NYSE:AMD) As shown on the daily chart above, the stock price is still trading within an ascending channel, which is a bullish pattern formation and is targeting $4 next.

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I'm bullish on Nuance Communications Inc. (NASDAQ:NUAN) from a short/medium-term perspective. Its current uptrend can prolong further to 16 and then to 16.5 in my opinion. The key short-term resistances are located at 15.49 (convergence of the 200-day exp moving average) and 15.76. Billionaire investor Carl Icahn has been increasing its stake in the company.

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There is a clear cup-and-handle formation on this daily chart of Venaxis Inc (NASDAQ:APPY). The Cup & Handle is a bullish continuation formation that generally occurs in uptrends. I still believe that the overall outlook remains bullish and the possibility of a breakout is quite good considering its pattern formation. The stock faces initial resistance at 2.20 and then at 2.45.

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JA Solar Holdings Co., Ltd. (NASDAQ:JASO) The momentum is picking up. Any close above the resistance level of $9.54 (50EMA) could trigger a buy signal.

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The stock price of Amarin Corporation plc (NASDAQ:AMRN) has recovered smartly since the low of 1.36 made in November. There is a possibility of a breakout to 2 or 2.07 in the short-term.

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The stock price of Dendreon Corporation (NASDAQ:DNDN) is quite weak from a short-term viewpoint. It needs to hold above support of $3 to maintain its upward bias.

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

Labels: AMD, AMRN, APPY, DNDN, JASO, NUAN, RVBD

10:20 | Permalink |

Stocks to Watch for December 30, 2013

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WidePoint Corporation (NYSEMKT:WYY) On Friday, the stock price broke out from its trading range with huge volumes. I feel this is the beginning of another bigger move, which is why I will be watching the stock again on Monday. Resistance is $1.75, which was Friday’s high of the day. The price can head towards the 2-2.10 zone. If this zone is surpassed, getting to 2.5 would be a possibility. Add to your position once there is a close above 1.75. The technical chart shows a continuation of the uptrend with MACD/RSI in the Bullish areas and with the AC/DT line showing a clear indication of accumulation. Long setup.

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ExOne Co (NASDAQ:XONE) The short-term outlook is bullish. Fresh long should be made only when the stock closes above $64 with an up candle. On the technical side, the investor sentiment in stock showed by RSI continues strong and MACD still going up. Long setup.

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Kandi Technologies Group Inc (NASDAQ:KNDI) stock price broke through the highs set in September and should continue to move. I'm buyer of KNDI once it breaks through Friday’s high of $10.48 for the continuation move. The stock will move very quickly, so watch it closely on Monday.

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Rigel Pharmaceuticals, Inc. (NASDAQ:RIGL) made a nice move on Friday and looks ready to continue next week. The stock price is coming up to a big level as the stock is near its 100-day EMA. I will be watching this stock closely on Monday as I expect to see a strong move once the stock breaks through this key resistance level. A move past $2.79 would be a strong indicator of a further uptrend in the stock. Technically the stock looks solid trading above its 9,13 and 20-day exp moving averages and fundamentally looks cheap. My model is long, targeting 3.2-3.3 area.

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Zalicus Inc (NASDAQ:ZLCS) was added to my watchlist as a possible bottom bounce-play. Chart is displaying positive divergences on momentum indicators and with the stock in oversold territory, these are the perfect conditions for a short-term rally. This stock can pop big time on any positive news. Stay tuned.

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Riverbed Technology, Inc. (NASDAQ:RVBD) was one of the few stocks showing any strength, as the stock was able to close slightly higher on Friday. If the stock price can break through $17.75 we should see a strong upside move. Keep a close eye on RVBD next week.

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Molycorp Inc (NYSE:MCP) traded 3x normal daily volume on Friday, as the stock closed up 72c on the day. I will watch the stock next week for a follow through move and have set resistance at $6. The technicals indicators, point to a move higher in the coming days.

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Rambus Inc.(NASDAQ:RMBS) I feel there is an upcoming move. The stock price continues to sit in a consolidation range. At some point, the stock price will breakout and I want to be there for this move. Resistance stays at $9.68 that if broken, could send shares to $10.

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

Labels: KNDI, MCP, RIGL, RMBS, WYY, XONE, ZLCS

10:15 | Permalink |

Stocks to Watch for December 27, 2013

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Johnson & Johnson (NYSE:JNJ) Setting up to break through the 20-day EMA, go long when it breaks.

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NQ Mobile Inc (NYSE:NQ) had good volume and a bullish candlestick on Thursday. The stock price seems to be ready for another run up. Further strength above 13.19 ( 200-day EMA ) opens the door to 14.20. Put it on your radar.

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I think China Techfaith Wireless Comm. Tech. Ltd (NASDAQ:CNTF) remains one to watch considering the heavy buying over the last sessions. On the technical side, the MACD shows positive strength and MFI indicator shows strong demand. At some point it will explode to the upside imho.

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AirMedia Group Inc (NASDAQ:AMCN) It appears a reversal is in progress. We need a push above 1.95 and a break of 2 to confirm another breakout. The technical chart continue to show a bullish bias. The MACD line is pointing up and RSI is also increasing. +DI is above –DI . There are no reasons for concern. Bullish setup.

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VisionChina Media Inc (NASDAQ:VISN) chart is in parabolic mode.

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Pitney Bowes Inc. (NYSE:PBI) is on the verge of breaking out and it could happen soon. Once the stock breaks $24.18 jump in and watch PBI take off. Stop 21.34

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

Labels: AMCN, CNFT, JNJ, NQ, PBI, VISN

22:56 | Permalink |

Stocks to Watch for December 24, 2013

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Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA) is still holding its breakout point and looking strong. Look at the five big volume sessions. That's serious accumulation. Watch it if the stock breaks yesterday's highs.

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Marathon Petroleum Corp (NYSE:MPC) broke out of the pennant flag formation to the upside. Looks good for higher prices.

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DryShips Inc. (NASDAQ:DRYS) has a chart set to breakout. If the stock price can manage a breakout above $4 on high volume, it would be a great buying opportunity.

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Advanced Micro Devices, Inc. (NYSE:AMD) has been trading sideways for three weeks and appears immediately ready to break out on the upside. Daily technical indicators are showing some signs of strength. The MACD is above its signal line in positive territory and the RSI has moved above its 60% level.

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

Labels: AMD, ARIA, DRYS, MPC

09:10 | Permalink |

Stocks to Watch for December 23, 2013

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BlackBerry Ltd (NASDAQ:BBRY) had a big pop on Friday and the stock price finally broke out of the falling wedge pattern that has been forming since September, which is extremely bullish. The technical daily chart appears to be bottoming. My initial price target $8.45.

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Lennar Corporation (NYSE:LEN) has formed a resistance level at 37.80. A breakout above this key resistance level would lead to an initial target in the 40 area, its high from June 2013. You should watch this stock closely on Monday.

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Marathon Petroleum Corp (NYSE:MPC) is consolidating in a pennant formation (flag in white) over the last two weeks. Watch for the break and play accordingly.

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Possible resistance breakout trade setup on LyondellBasell Industries NV (NYSE:LYB). If the stock can manage a breakout above $79.34 on high volume, it would be a great buying opportunity, but only on a breakout.

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The stock price of VirnetX Holding Corporation (NYSEMKT:VHC) has recovered smartly since the low of 17.16. The stock is currently in a short-term uptrend and may move up to 21/21.47 on volume trading. Technical indicators are turning bullish. The MACD is rising above its signal line, but in negative territory. The RSI is above its 50% level and all three major short-term EMAs are moving up and the stock is trading above them. The strong support for the stock exists at 18.80.

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Neurometrix Inc (NASDAQ:NURO) closed Friday at the highs of the session in a fantastic move in the last seconds of trading. I think the stock price has more room to rally and we could see some strong upside over the coming days. Keep this stock on watch.

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Twitter Inc (NYSE:TWTR) looks like the stock price is forming a potential cup-and-handle pattern on the hourly chart. At this point, a pullback or consolidation in the short-term is likely. However, a break or close above the highs will invalidate this possible formation.

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

Labels: BBRY, LEN, LYB, MPC, NURO, TWTR, VHC

09:25 | Permalink |

Stocks to Watch for December 20, 2013

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Athersys, Inc. (NASDAQ:ATHX) The stock price is showing signs of an upcoming breakout as price action and volume are making some bull signals here. All technical indicators appear to be setting up for a nice bullish move. Maxim Group maintains the stock with a "Buy" rating and raised today the price target from $6.00 to $10.00.

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Venaxis Inc (NASDAQ:APPY) looks great on daily charts. The good news, however is that stock price is getting closer to a major breakout.

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DryShips Inc.(NASDAQ:DRYS) Breaking out to the upside from its recent consolidation. I expect to see a continuation move on Friday. Next resistance lies at $4

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Activision Blizzard, Inc. (NASDAQ:ATVI) has become increasingly bullish and is currently consolidating in an attractive pattern. Should breakout hard to upside when it crosses over $18.43. I think we are going to $20 very sson.

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Apollo Education Group Inc (NASDAQ:APOL) appears to be headed towards the target zone of 27-27.5 in the short-term. Hold with a stop-loss at $24.80. The recent increase in trading volume and rising accumulation/Distribution line suggests buyers are accumulating stock.

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

Labels: APOL, APPY, ATHX, ATVI, DRYS

22:30 | Permalink |

Stocks to Watch for December 19, 2013

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Facebook Inc (NASDAQ:FB) The stock price continues to act strong setting new highs. Technical indicators are looking quite overbought but can stay there for long periods of time. Let the profits run.

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Nuance Communications Inc. (NASDAQ:NUAN) looking very strong. If the stock price rises to break into the gap, then we are likely to see a move to $16. Daily technical indicators are turning bullish. The MACD has crossed above its signal line lately and the RSI is back above 50, indicating a bullish trend. In Form 4 Filing, Carl Icahn Reports Purcahse of 50,900 Shares of Nuance on December 16

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Apollo Education Group Inc (NASDAQ:APOL) looks right on the verge of a breakout. MACD is moving up showing positive momentum while AC/DT line also show buy signal. Keep an eye for a possible breakout over $27

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Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA) Tweeted under $4.20 !!! The stock price broke out of a Bullish flag chart pattern (2h chart) during Wednesday's trading session on heavy volume. I think we will see a nice follow through tomorrow. This was a $20 stock less than 4 months ago. With almost 22% ( 33 Million shares ) of the float short, this stock is due for a nice move higher. The accumulation/distribution line is turning up which means there is more money flowing into the stock. The next resistance area is around the mid $5.6-5.9 range.

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CBS Corporation (NYSE:CBS) That's a good looking chart. It's a buy on a break of 60.96 with solid volume. Stop 58.05

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Tyco International Ltd. (NYSE:TYC) broke out of a consolidation range to the upside on heavy volume. Keep a close eye on the stock tomorrow for the follow through move.

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Support (NASDAQ:SPRT) made a strong move Wednesday on decent volume. The stock was strong all day as it closed up 6% to $3.60. If the stock can break Wednesday’s high of $3.65, we should see a continuation move.

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Neurometrix Inc (NASDAQ:NURO) holding above its major EMAs, I expect further upside. The stock may expect some resistence at $3.25 per share. Daily chart shows a golden cross. Keep it on watch.

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

Labels: APOL, ARIA, CBS, FB, NUAN, NURO, SPRT, TYC

22:40 | Permalink |

Stocks to Watch for December 18, 2013

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Groupon Inc (NASDAQ:GRPN) Nice looking setup. The stock price needs to take out $11 in order to convince bullish buyers at these levels. The technical daily indicators are looking bullish and all major EMAs are rising and the stock price is trading above them. The bulls are in control.

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Seagate Technology PLC (NASDAQ:STX) Finally broke out from a flag pattern on the daily chart. Buy on the break of the today's candle high at 53.64 or wait for a pull back.

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Citigroup Inc (NYSE:C) Possible bounce trade setup here. Look for a bounce off the key support level around $50.5 in order to get long.

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Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA) Technical daily chart displays a potential bullish cup-and-handle bottom formation. A lot of room to go higher. This stock should be on your watchlist.

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Tesla Motors Inc (NASDAQ:TSLA) Starting to look strong again. Momentum indicators are bullish with the RSI inching away above the middle level and with the MACD crossing above zero. Any close above $153 could lead to a substantial gain in shares.

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Rackspace Hosting, Inc. (NYSE:RAX) broke a key resistance level today on solid volume, pointing the way for further move up.

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

Labels: ARIA, C, GRPN, RAX, STX, TSLA

22:18 | Permalink |

AC Investor Blog

Seeking to provide independent day trading strategies based on Technical Analysis.

Tuesday, December 31, 2013

Stocks to Watch for December 31, 2013

Saturday, December 28, 2013

Stocks to Watch for December 30, 2013

Thursday, December 26, 2013

Stocks to Watch for December 27, 2013

Tuesday, December 24, 2013

Stocks to Watch for December 24, 2013

Sunday, December 22, 2013

Stocks to Watch for December 23, 2013

Thursday, December 19, 2013

Stocks to Watch for December 20, 2013

Wednesday, December 18, 2013

Stocks to Watch for December 19, 2013

Tuesday, December 17, 2013

Stocks to Watch for December 18, 2013

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