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Saturday, May 03, 2014 

Stocks to Watch for May 05, 2014

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Neustar Inc (NYSE:NSR) saw a strong bounce on Friday with a 4.68 percent rally accompanied by strong volume, suggesting that the bounce will continue next week. The bias was downward, but with the falling broken (2h chart) that has shifted to neutral. Considering the falling wedge it brokeout from, the target price of the stock is near 30. The higher short interest ( 28.33 % or 15,342,700 ) could also provide a near-term catalyst, if the stock begins to rise. We could see further upside over Friday’s highs.

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Gigamon Inc (NYSE:GIMO) On the short term, the stock has been forming a potential rounding bottom pattern (2h chart) below 18 for the past five weeks and recently has been under increasing accumulation. The momentum indicators continues to improve. We could expect a continuation of the bounce next week towards 18.1-18.30 zone.

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Nabors Industries Ltd. (NYSE:NBR) is coming up to a possible breakout.

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VirnetX Holding Corporation (NYSEMKT:VHC) has been consolidating in the last five sessions above its 50-day EMA and looks like it could be getting ready to make another move. There is still a possibility for a flag breakout with a target price of around 20.

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Rambus Inc. (NASDAQ:RMBS) has found support around the 11.80 level, which coincides with the rising 20-day EMA and with the previous resistance level. In my honest opinion, the stock is looking very attractive at this point and volume also are telling us something, the average daily volume has decreased nearly 30%. It might be forming a base right now and with good trading volume, RMBS could be poised to trade higher to test the recent highs. A bullish bias remains favoured as long as the key support at 11.80 holds.

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VIVUS, Inc. (NASDAQ:VVUS) is facing a strong resistance at 5.26-5.30 area, which coincides with the declining 20-day EMA, however, if it is breached 5.80 will be put on the map. The recent technical improvements suggest solid strength buying pressure and a potential breakout rally in the very near term.. Entry point would be on the day it blows through $5.30 on heavy volume.

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Vringo, Inc. (NASDAQ:VRNG) has a very interesting technical chart and could have a bigger move soon. Resistance for this move is $4.17. This stock will move quickly and is very volatile, so be careful with your share size and entry price. Optimum buy point is when price crosses the resistance line. Over the last 52 weeks the stock has ranged from a low of $2.61 to a high of $5.45.

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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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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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