AC Investor Blog: 04/01/2014

Stocks to Watch for April 30, 2014

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Novavax, Inc. (NASDAQ:NVAX) finished the day up 13.96% on huge volume of over 9 million of shares exchanging hands on the day. Looking at the technical chart this looks to be just the beginning of NVAX's run and I am extremely confident that the gains will continue. The stock appears to be under accumulation again. The MACD momentum is rising and RSI is on a strong uptrend, which when combined with the strengthening MACD could spell a strong move for the stock. Key resistance is now located at $4.63, a break above this level will confirm the bullish trend and the following uptrend will take price up to $5 zone.

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Sodastream International Ltd (NASDAQ:SODA) pulled back today on low volume after yesterday's run up. To be bearish on SODA, this pullback should have had more volume to support that move. Yesterday's volume to the upside was strong. From a technical standpoint, the short-term is still looking bullish to me as momentum indicators remain pointing north.

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I have been following AOL, Inc. (NYSE:AOL) for a few days now and surprisingly the stock showed some strength today. A break of $43.30 with force might give room to $46.

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Notice that BlackBerry Ltd (NASDAQ:BBRY) is beginning to make a move higher and looks like it is gonna squeeze some shorts here. Volume starts to pick up. Nearest resistance for the stock is at $7.70. If this level is crossed and the stock price is able to sustain above this level, then it might go to $8/8.15. On the downside, the stock has a strong support at $7.15.

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Marathon Oil Corporation (NYSE:MRO) Keep an eye for a possible breakout over $37

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: AOL, BBRY, MRO, NVAX, SODA

22:27 | Permalink |

Stocks to Watch for April 29, 2014

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Shares of Sodastream International Ltd (NASDAQ:SODA) gained more than 5% today closing near its highs of the day with solid volume. The stock price is holding up nicely above the key support of $40 in this weak market environment. On the daily chart basis, the technical indicators are looking better now for the stock. A positive MACD cross has occurred and RSI is moving up strongly. The stock hit a high of $45.79 on the day, which is resistance for Tuesday’s continuation move. If the stock can break through this level, I expect to see a strong upside move.

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Quicksilver Resources Inc (NYSE:KWK) Strong volume breakout of a bullflag pattern. Look for the $3.67 level as next target.

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Pepco Holdings, Inc. (NYSE:POM) Broke out to a new all-time high today, accompained by a strong volume suggesting higher levels. The stock hit a high of $23.2 which is now resistance for Tuesday’s follow through move.

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Reynolds American, Inc. (NYSE:RAI) looks to have consolidated and may be getting ready for another leg higher. Long entry is over 56.1 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: KWK, POM, RAI, SODA

22:22 | Permalink |

Stocks to Watch for April 28, 2014

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VirnetX Holding Corporation (NYSEMKT:VHC) should see some heavy trading activity on Monday as investors interest continues to increase. The stock on Friday surged more than 9% or $1.37 to $16.02 per share, after it has been mentioned in the Apple/Motorola ruling. On the technical side, the A/D (accumulation/distribution) indicator is going up showing a positive swing, that usually means Market Makers are snapping up shares. Although the MACD indicator is still below "0" it also has been climbing upwards close to breaking above the center line. The strong upward jump, which broke over the expected resistance of 15.82 to 16 zone makes the outlook bullish for next week. On the upside any break over 17.20 should target the 200-day EMA resistance at 18.68. VHC has a high level of short interest ( over 42% of float is short or 17.8 Million of shares ) and that will add more fuel to the rally. A low float stock with a high short ratio (37.1), the possibility of a short squeeze in the near future is very real. Keep an eye on VHC.

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Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA) Keep an eye on this stock next week. On Friday, the Jan15 $20 calls saw some activity 8k open, suggesting someone is getting aggressive in the expectation of higher prices or knows something.

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VIVUS, Inc. (NASDAQ:VVUS) good relative strength compared to the market. If the stock can break through $5.32 resistance, we should see another strong upside move. Any break of that resistance (20-day EMA) will come as an indication of a short-term bottoming. The next target would be 5.5 to 5.8 resistance zone. VVUS will move very quickly, so watch the stock closely next week.

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Gigamon Inc (NYSE:GIMO) looks to have bottomed technically. The MACD has just flashed a buy signal, while RSI is also gaining strength. With a combination of good earnings, a strong BUY rating from Needham and a massive volume, i think we could see a bounce over the next few days.

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HCA Holdings Inc (NYSE:HCA) broke out to new highs Friday and traded nearly 2x normal daily volume. The stock has the potential to make a big run next week.

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Apple Inc. (NASDAQ:AAPL) recorded a five-month high 571.99 on Friday closing near the highs of the session. As long as the stock holds above the $560 support level the short-term picture should remain positive. At this stage, we can expect to see higher prices in the weeks to come. Another bullish indicator is the MACD which has made a cross over and bullish momentum has returned to the stock. A move to the $600 level appears likely.

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: AAPL, ARIA, GIMO, HCA, VHC, VVUS

11:51 | Permalink |

Stocks to Watch for April 25, 2014

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Body Central Corp (NASDAQ:BODY) looks ready to breakout after all their recent announcements. The stock has been picked up by some big firms and looks to make yesterdays rally much more powerful. Blackwood Capital Management has 900,000 shares or 5.4 percent of the stock and Lane Five Capital Management said recently that it acquired 500,000 additional shares, bringing its total investment to almost 1.25M shares or 7.5% of all shares outstanding. With a limited amount of shares available in the float (15M outstanding) and 88% owned by institutions, the short interest of 3,184,900 million shares is a high percentage of the float, nearly 20%. As a result, a possible short squeeze is also likely and could the stock up quickly through resistance, which might create a panic buying situation among traders. I feel that the stock is set up to make a bullish move today, don’t miss out. Stop 86c.

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Citigroup Inc (NYSE:C) I continue to support the idea of a significant rally, probably even above the March highs. The bulls remain in control as long as it continues consolidating its recent move. We still need to see a break above 48.77 or 200EMA to confirm a continuation to the upside with a next target in the 51 area. Only a break back below the 47.8 would invalidate this bullish outlook.

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VirnetX Holding Corporation (NYSEMKT:VHC) is currently tracing out a possible bullish double bottom pattern. I would like to see significant volume show up and a strong close above its 50EMA to confirm a proper technical buy signal. This stock is still on my radar as I continue to believe that VHC has strong potential from technical as well fundamental point of views.

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RF Micro Devices, Inc. (NASDAQ:RFMD) had a strong move on Thursday, as the stock set new 52-week highs. The stock hit a high of $8.59, which is resistance for the follow through move. Charts on all time frames are bullish. You should watch this stock closely on Friday.

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BlackBerry Ltd (NASDAQ:BBRY) is gaining some momentum again. The technical daily chart shows possible new rally as %K line is back above %D line, while the MACD is also gaining strength. The stock needs to break out above $7.51 to go higher.

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Itau Unibanco Holding SA (NYSE:ITUB) broke out yesterday, after it has been consolidating the past few trading days. The stock moved up on heavy volume and should have a continuation move on Friday. If the stock can break through yesterday's high of $16.47, I am a buyer of the stock.

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American International Group Inc (NYSE:AIG) Looks like there were some nice buys coming in on Thursday so we might have a possible breakout play here, there is little resistance until $53.09. From the technical daily chart both MACD and RSI are showing bullish sign. Keep an eye on AIG.

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: AIG, BBRY, BODY, C, ITUB, RFMD, VHC

09:20 | Permalink |

Stocks to Watch for April 24, 2014

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Shares of Insmed Incorporated (NASDAQ:INSM) rose 3.35% to $14.51 per share following some bullish comments from Piper Jaffray's Dr. Joshua Schimmer. He reiterated the Overweight rating and raised its price target to $51.00, that's a huge premium versus today's closing price. I went long at 14.55.

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Quest Rare Minerals Ltd Common Shares (NYSEMKT:QRM) closed today at 48c, the stock was trading as high as 70c back in March and it appears that a massive potential bounce could be in the cards. The stock has already started its uptrend and has added nearly 10% to its recent low. The stock's MACD has just crossed above the signal line alerting everyone that QRM has momentum back on its side. This play is clearly on the move.

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Goldman Sachs Group Inc (NYSE:GS) could be in the early stages of a technical breakout. Technicals are showing bullish signals supported by rising MACD and RSI on the daily charts.

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Superior Energy Services, Inc. (NYSE:SPN) Keep an eye for a possible breakout over $32.91 The technical daily chart still showing a bullish bias.

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Costco Wholesale Corporation (NASDAQ:COST) Bullish engulfing bar, more upside to come. At this point, the bias is on the upside as long as the 113.41 minor support holds.

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Encana Corporation (NYSE:ECA) looks like it is forming a bullish consolidation. Next buy area when clears 23.54 on heavy volume.

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: COST, ECA, GS, INSM, QRM, SPN

23:13 | Permalink |

Stocks to Watch for April 23, 2014

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Gilead Sciences, Inc. (NASDAQ:GILD) closed up today $1.26 or 1.76% to $72.86 and should continue higher tomorrow. The company reported earnings after the close and the market loved what they saw. The stock price is trading up after-hours and I expect it to gap open on Wednesday. I'm using the $78 level as next resistance.

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AVEO Pharmaceuticals, Inc. (NASDAQ:AVEO) chart is showing signs of a possible turn around. In terms of technical indicators, the RSI is starting to rise in the overols zone while the MACD is about to cross above its signal line. The trend is expected to begin the upwards movements.

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Gevo, Inc. (NASDAQ:GEVO) The stock today surged 35% or 31 cents to $1.18 per share at 10 times average volume of 1.05 million shares after the company has announced that it has come to an agreement with Lufthansa to evaluate Gevo's renewable jet fuel with the goal of approving Gevo's alcohol-to-jet fuel (ATJ) for commercial aviation use. After today's action the accumulation line started to turn up, which should eventually lead to price increases. The key resistance level to watch tomorrow is at $1.34.

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Goldman Sachs Group Inc (NYSE:GS) looks ready to break a recent high of $161.44 and its 200EMA. Technical indicators are looking positive with the RSI rising while the MACD is cutting above its signal line. Keep it on your watch list going forward.

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Celldex Therapeutics, Inc. (NASDAQ:CLDX) was on my bottom scan at $14.80 and hit a high of $16.16 today. A good example of why bottom plays can be very lucrative if you buy in at the right time ;)

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VirnetX Holding Corporation (NYSEMKT:VHC) is quietly gaining momentum. The stock surged in the final hour of trading closing at the highs of the day on solid volume. The real fireworks should begin if the stock can close above $15. The technical daily chart shows a bullish sign as the stock is back on top of 20-day moving average with MACD rising and approaching the zero line from below. For now, expect a run up to next resistance area around $15. If the stock is able to cross it and sustain above it, then it might go to $17.

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NVIDIA Corporation (NASDAQ:NVDA) is still trading sideways in the short-term. Its technical indicators are showing positive signal and its price bars are trading above the major EMA's. Waiting for a break above the 19.1 level for a long position.

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: AVEO, CLDX, GEVO, GILD, GS, NVDA, VHC

22:48 | Permalink |

Stocks to Watch for April 22, 2014

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Sky-mobi Ltd (ADR) (NASDAQ:MOBI) broke out today of a falling wedge pattern and closed near the highs of the day, with strong volume. I went long at 7.72 with a stop below recent low 6.49. The technical daily chart shows positive sign as the stock price is now trading above 50-day EMA with KD and RSI rising.

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Celldex Therapeutics, Inc. (NASDAQ:CLDX) the bounce is gaining momentum for a run up to $17. The technical daily chart shows bullish signal as %K line is on top of %D line and the MACD has just crossed the signal line, indicating a buy signal.

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Flextronics International Ltd. (NASDAQ:FLEX) has been in a eight week ascending triangle consolidation pattern since February. I'm stalking this stock to see if it clears 9.56
>

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Maxwell Technologies Inc. (NASDAQ:MXWL) looks ready to make new highs. Keep an eye for a possible breakout over 16.15.

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ITC Holdings Corp. (NYSE:ITC) Flagging here. May run higher, keep 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: CLDX, FLEX, ITC, MOBI, MXWL

22:20 | Permalink |

Stocks to Watch for April 21, 2014

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Rambus Inc. (NASDAQ:RMBS) had a strong move on Thursday, gaining more than 4%. The stock hit a high of $12.58, which is resistance for the follow through move. The medium-term trend is bullish as the stock is above all key exponential moving averages. Additionally, MACD lines are going up and OBV still climbing. I suspect the stock may continue to appreciate over the coming days. Stop should be placed around 11.23 (20EMA). Keep this one under radar.

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Procera Networks Inc (NASDAQ:PKT) is one for the bottom pickers. The stock appears to be poised for a nice bounce off this bottom. In my view, the stock has formed a bottom in short-term and I expect a move past 10.06 to take the stock towards the target of 10.86 with stop-loss at 8.95. The stock seems to be undervalued at current levels IMO with a strong balance sheet and zero debt. Percentage of shares held by institutional and mutual fund owners is 77%. In addition, the company has been making headlines lately with some major announcements, so I still think the stock has potential at this point. From a technical standpoint, the stock is in a downtrend but the signals are mixed. The MACD histogram is displaying a bullish divergence and RSI bounced from oversold. A reversal may be on the way.

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AOL, Inc. (NYSE:AOL) As I've mentioned earlier there is some elevated May Call options with strike prices significantly above the current market, therefore I still believe that shares have room for a significant uptick beyond these levels. From a technical standpoint, the stock broke out from a falling wedge on Wednesday's session, crossed and closed above the 50-day EMA on high-volume. The stock is setting up to move higher and could break the $46 mark in the sessions ahead, something that could attract more traders to jump in and push shares even higher. The short-term indicators are looking bullish and could easily rise to a new peak. Keep an eye on it !

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Zynga Inc (NASDAQ:ZNGA) has achieved a boost during Thursday’s trading session as traders witnessed the oversold position, driving shares up by more than 4%. From a technical standpoint, the Relative Strength Index is now rising and is approaching the mid-level, while MACD made a bullish crossover.

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Celldex Therapeutics, Inc. (NASDAQ:CLDX) I hit a new 52-week low on Tuesday, but looks poised to rebound sharply in the short-term. The MACD has stabilized and crossed over the signal line (signalling a possible change in the trend to uptrend).

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Groupon Inc (NASDAQ:GRPN) has bounced nicely from the lows. The immediate resistance is around 7.61/67 which the stock will likely to test next week. A close above this range is a pre-requisite for the reversal of the bearish trend.

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FuelCell Energy Inc (NASDAQ:FCEL) Should breakout hard to upside when it crosses over $2.50

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: AOL, CLDX, FCEL, GRPN, PKT, RMBS, ZNGA

15:59 | Permalink |

Stocks to Watch for April 17, 2014

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AOL, Inc. (NYSE:AOL) With today's strong move higher, the stock convincingly broke out of a falling wedge pattern on expanding volume. Immediate short-term resistance for the stock is at 45.86. Next resistances are at 46.98 and 50. On the daily chart, the MACD is displaying a new bullish crossover. At the same time, we see that the RSI is showing positive momentum from oversold levels, which should reinforce a move higher if near-term resistance at $45.86 is taken out. Long setup.

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PDC Energy Inc (NASDAQ:PDCE) is still trading in a range with resistance at 64.27 and support near 58. The technical daily chart is showing positive signs of further strength. The RSI value is increasing and the MACD indicator just made a bullish crossover. Fresh exposures may be considered only on a close above $64.

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Whirlpool Corporation (NYSE:WHR) has been in an upwards trend the past few days and looks ready to continue this move.

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Delcath Systems, Inc.(NASDAQ:DCTH) Possible double bottom forming on the daily ? The time will tell. However at this point, a bounce off this key area would trigger a bullish entry with the stock price likely to move into the $4.60 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: AOL, DCTH, PDCE, WHR

22:22 | Permalink |

AC Investor Blog

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

Tuesday, April 29, 2014

Stocks to Watch for April 30, 2014

Monday, April 28, 2014

Stocks to Watch for April 29, 2014

Saturday, April 26, 2014

Stocks to Watch for April 28, 2014

Friday, April 25, 2014

Stocks to Watch for April 25, 2014

Wednesday, April 23, 2014

Stocks to Watch for April 24, 2014

Tuesday, April 22, 2014

Stocks to Watch for April 23, 2014

Monday, April 21, 2014

Stocks to Watch for April 22, 2014

Friday, April 18, 2014

Stocks to Watch for April 21, 2014

Wednesday, April 16, 2014

Stocks to Watch for April 17, 2014

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