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Thursday, February 27, 2014 

Stocks to Watch for February 28, 2014

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Arotech Corporation (NASDAQ:ARTX) has been consolidating in a flag formation over the last 2 months after a strong rally in late-November and December. Today, the stock broke out of the flag pattern and closed up 30 cents to 3 with high volume. A move above 3.07 would confirm the breakout and could lead to 3.5 initially and then 3.98, my secondary target. Stop-loss would be 2.55. The technical daily chart above shows this is a great time to buy, as the stock price is now on a uptrend with RSI back above 50% level and MACD rising. Now with stock back above 50-day and 200-day MA there should be more upside coming for the stock.

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Violin Memory Inc (NYSE:VMEM) shares surged more than 6.5 percent accompanied by a strong volume expansion. The price can move up to 5-5.50 in the short-term. Good base building around 3.80.

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Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA) also looks great. $9.22 is an important resistance  that once broken will set off a huge run up in stock, the 1st target would be $9.83 which is the high of January.

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Goldman Sachs Group Inc (NYSE:GS) Still watching it, especially after todays action. The 50-day exponential moving average needs to be broken as resistance for some momentum to pick up.

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FuelCell Energy Inc (NASDAQ:FCEL) hit a new 52-week high today, trading as high as $1.96, before settling at a close of $1.92. I'll be watching the stock on Friday, looking for a follow through move. Resistance reflects today’s high of $1.96. Keep an eye on FCEL because there is good upside in this stock.

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Old alert. Pfizer Inc. (NYSE:PFE) recorded a new high in today's session. Short-term outlook for the stock is bullish. The technical daily chart looks Bullish with both 20, 50 and 200 exp moving averages going up and MACD on top of 0.

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XOMA Corp (NASDAQ:XOMA) possible bull flag in its first step off of a bottom at 8.84. It looks very good, so I'll be looking forward to seeing a breakout.

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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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Good call on ARTX. Why was 3.5 your initial breakout high?

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About Me

  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 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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