AC Investor Blog: 06/01/2014

Stocks to Watch for July 01, 2014

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BlackBerry Ltd (NASDAQ:BBRY) price broke above the small bull flag formation today by gaining 4.70 per cent with above average volume. It has a short-term target of 10.9 and it could move a lot further given a very strong short-term bullish trend. A strong move above this key horizontal resistance line will pave way for 11.85 or 12.18 in the medium-term.

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J.C. Penney Company, Inc. (NYSE:JCP) is setting up for another run. Lets see if it breaks over $9.55 this week. Long set-up on watch.

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D.R. Horton, Inc. (NYSE:DHI) A potentially break out could occur if price breaks above 25.02.

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, DHI, JCP

22:08 | Permalink |

Stocks to Watch for June 30, 2014

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Onconova Therapeutics Inc (NASDAQ:ONTX) is lining up for a serious bull run and it has the potential to become one of the most explosive breakout play opportunities of the month. Friday was a very strong accumulation day. It had a great move on the upside and closed at $5.35, up $0.28 on very high volume. The stock is setting up to break out and has one more level to go, which is $5.40. A break above this resistance should at least push the stock to $7.31 per share where the 100-day exponential moving average is. I'm expecting a very big day again on Monday because there is a major short position built up in ONTX and they are screwed going into next week. I'm looking forward to seeing them crushed. Watch the stock closely because once it breaks through, it will run fast. Investors can hold the stock with a stop at $4.78.

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VirnetX Holding Corporation (NYSEMKT:VHC) finally broke out of an ascending triangle last week and now is trading above the crucial 200-day EMA. Technical indicators are giving favorable signals as the stock trades above all the major EMAs and momentum indicators are also still showing upside potential for further gains. The stock hit a high of $18.57 on Wednesday, which is resistance for the continuation move.

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Rambus Inc. (NASDAQ:RMBS) is in a consolidation mode after appreciating over 30% in June. It might be just working the overbought levels. On watch.

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Amkor Technology, Inc. (NASDAQ:AMKR) saw significant correction and looks like next stop will be 50-day EMA. I have highlighted the next support on the daily chart. The momentum readings are also pointing to more downside.

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Netflix, Inc. (NASDAQ:NFLX) I see divergences on daily, it has failed 3 times at the $450 level. If the stock price breaks drawn support line and the 13-day EMA which is same as support line (435), we can see some down movement IMHO.

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AOL, Inc. (NYSE:AOL) As you can see, this stock has clearly been showing relative strength in the last couple trade sessions. If it breaks the key resistance line of 40.09, it should easily go to next price resistance around 44. The momentum indicators are also not overbought on daily, implying scope for further upsides.

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Twitter Inc (NYSE:TWTR) There is nothing bearish about this technical chart, but in my opinion we could be setting up for a pullback here. It is expected that the 42 level which coincide with the 100-day EMA might provide some resistance and the stock may struggle to go further up. Next week should provide further clues.

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One penny stock to keep an eye on : Lithium Exploration Group Inc (OTCMKTS:LEXG) The stock traded higher on Friday, as the stock received a "Strong Buy" rating from analyst Larry Oakley. He believes the stock worth $2 ( Here is the report ). "I believe it may soon achieve at least a 500% increase of its current share price. My relatively short term price target is $2.00. If one looks ahead at a combination of some of the company’s capabilities, I see the possibility of a long-term upward move to over $20 per share". You know, this stock is part of my portfolio.

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: AMKR, AOL, LEXG, NFLX, ONTX, RMBS, TWTR, VHC

08:49 | Permalink |

Stocks to Watch for June 27, 2014

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MagneGas Corporation (NASDAQ:MNGA) The bias remains bullish in nearest term as long as the stock holds above the 100-day EMA. Traders can hold the stock with a stop at this level imo.

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Universal Display Corporation (NASDAQ:OLED) has been pulling back after a sharp rally early this month up to the $31 area and to me, looks to have found a nice support level in the $28.5 to $29 area. After the close, Goldman Sachs reiterated a Buy rating on the stock and raised its price target to $44. News out this afternoon could continue the upward trend and makes OLED a stock to keep on your watch list tomorrow.

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First Solar, Inc. (NASDAQ:FSLR) Looks like it wants to break this horizontal resistance line. Be ready to go long when it does.

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IsoRay, Inc. (NYSEMKT:ISR) The buy/add point would be when it breaks over 3.26 on heavy volume.

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Amkor Technology, Inc. (NASDAQ:AMKR) has a lot more downside to come IMHO. Broke down on heavy volume and could see 10's soon.

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: AMKR, FSLR, ISR, MNGA, OLED

22:42 | Permalink |

Stocks to Watch for June 26, 2014

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Amarin Corporation plc (ADR) (NASDAQ:AMRN) has a resistance line just above the 1.70 area which it is approaching, having gained 6 cents, or more than 4% today to 1.68. If the stock crosses this key resistance zone, it has potential to gain 5-10% imho. The technical chart looks bullish as the stock is trading above all major short-term EMAs. Heavy volume on up days. Worth watching for a breakout.

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BlackBerry Ltd (NASDAQ:BBRY) stock closed up 14 cents to 9.98 on Wednesday. A move above 10.14 would confirm the breakout and could lead to 10.90 initially and then 12.12 my secondary target. Stop loss should be placed at 8.98

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WidePoint Corporation (NYSEMKT:WYY) after a steep upmove from 75c in mid-November to over 1.90 in late Januray, the stock has been consolidating in a triangle pattern (possible large bull flag). The stock price is currently hugging the upper trendline of the pattern and if it breaks above 1.72, it could reach an initial target of 1.95.

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Facebook Inc (NASDAQ:FB) jumped up by 2.62% and closed at $67.44 with higher volume. Upside volume has been good lately and there are two levels to watch for a breakout: $70 and $72.59. The technical indicators are improving with increased accumulation. Keep this stock on your radar. Stop loss 62.8

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Green Dot Corporation (NYSE:GDOT) had a remarkable move up today with very high volume. Looks good over $20.22 with volume. The short-term uptrend is intact and signals further bullishness on this stock.

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Onconova Therapeutics Inc (NASDAQ:ONTX) is consolidating near the resistance level $5.2 on low volume since the move up. It would be very attractive as a long candidate if it holds its ground here and then turns higher. I'm long on ONTX and I will add more shares on a move above $5.20, with the expectation of a continued rise to $7. Some top executives have been acquiring shares this year, showing the management is bullish of the company's outlook.

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: AMRN, BBRY, FB, GDOT, ONTX, WYY

22:29 | Permalink |

Stocks to Watch for June 25, 2014

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TriQuint Semiconductor (NASDAQ:TQNT) finally the stock price broke down the rising wedge on daily. Technical indicators are looking bearish. The 14-day RSI has also turned weak, with a current reading of 45 while the MACD is heading down, supporting a bearish view. The next support point for the stock is seen at 15.05, then 14.

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OXiGENE Inc (NASDAQ:OXGN) appears to be forming forming a falling wedge reversal pattern. OXGN is a solid bounce play opportunity here with the 14-day RSI of just 44. Momentum is showing a bullish divergence from both price and 14-day RSI. Let's keep an eye on it as i think momentum will pick up.

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Onconova Therapeutics Inc (NASDAQ:ONTX) has been flagging in the last sessions after a huge upmove earlier this month from the 4.10 to 5.50 area. The good news for the bulls here is that the technical daily indicators are looking bullish. MACD has generated a buy signal and is currently near to cross the 0 line. This momentum could push this stock much higher from here, so keep the stock on your radar for Wednesday’s trading day, as there is good upside potential in this move. Since the beginning of the year, insiders have been buying large quantities of shares.

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: ONTX, OXGN, TQNT

22:24 | Permalink |

Top Trade Ideas for Tuesday June 24th

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Liquid Holdings Group Inc (NASDAQ:LIQD) has been showing a surge in interest during the last couple of trading days. The stock price has broken out of its symmetrical triangle to the upside on Monday closing at 1.74. The target projection of this pattern could easily push the stock price towards the next key resistance level of $2.The company has a very small Float (30M shrs) and moves very easily. The technical chart is screaming buy after consistent days of strong accumulation and up-trending. The rsi shows a lot of room to go. I won't be surprised if the stock reachs $2 today. The recent strong accumulation is a very bullish signal. Keep an eye on it.

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Rambus Inc. (NASDAQ:RMBS) Still loving this company & setup, however the stock needs to work out the overbought condition caused by the recent rally. Buy point would be on the day it blows through $14.82 on heavy volume.

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VirnetX Holding Corporation (NYSEMKT:VHC) has a very interesting technical daily chart and could have a bigger move soon. The resistance for this move is $17.62. Chart indicate's the 20-day EMA is it's new solid base support. Worth watching for a breakout.

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Groupon Inc (NASDAQ:GRPN) was one of the winners on Monday, as the stock closed up 34 cents on the day with huge volumes, following an Outperform reiteration by Piper Jaffray with a price target of $16. The stock traced out a nice setup and the upside breakout has some power. I'm going to keep an eye on it and see how it reacts today. The short-term outlook is positive and a move to 7.24-7.38 appears likely.

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I have been watching Gogo Inc (NASDAQ:GOGO) over the past few days, waiting for a possible upside move. The stock seems to have found a strong support at present levels and the technical indicators are improving significantly. Looks good over $20 with volume. The short-term uptrend is intact and signals further bullishness on this stock. Stop 17.82

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UTi Worldwide Inc. (NASDAQ:UTIW) has recovered nicely and can potentially set-up very well for a swing-trade if the stock price breaks through the next key resistance level at $10.28. There could be good upside in this trade, so watch this stock closely today.

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Could play Cirrus Logic, Inc. (NASDAQ:CRUS) here for a move above $23.90. Technical chart looks Bullish with the MACD in positive territory and above the signal line. The RSI is also moving up and above its 50% 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: CRUS, GOGO, GRPN, LIQD, RMBS, UTIW, VHC

09:29 | Permalink |

Stocks to Watch for June 23, 2014

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BlackBerry Ltd (NASDAQ:BBRY) popped on Friday above its major resistance line at 9.71 on huge volume. This strong move confirms the stock's reversal. The uptrend that began in May has steepened in recent sessions after the earnings report, which could be seen as an indication that the stock price may be getting parabolic. Considering this strong momentum in the past week, the stock looks set to break higher above and rally towards 12+ in the near term. Technical indicators are bullish with MACD rising sharply above its signal line and has entered in the positive zone implying upward momentum. Stock price is he major moving averages. Stay invested and use dips to add.

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Lastly, looking at the long term chart we see that stock broke the downtrend line from the 18.32 high with volume expansion. It's a very important breakout because the stock has taken out a trend line, which was holding the up moves since 2013.

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Amkor Technology, Inc. (NASDAQ:AMKR) Friday's action not only confirmed the breakdown below the rising 9-day EMA it also closed below the 20-day EMA on strong selling volume. The next stop is the rising 50-day EMA now located at 9.64. However, the major support is around 9, which coincides with the uptrend trend line.

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Apple Inc. (NASDAQ:AAPL) stock closes the week slightly above the 20-day EMA located at 90.79. This EMA can be seen as a key support zone, which could determine the intermediate stock price direction. The next significant zone of support would be near the 88 level, which if breached may suggest that stock price could test its 50-day EMA. Technical indicators continue showing signs of weakness.

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Sirius XM Holdings Inc. (NASDAQ:SIRI) gained 1.65% last week, but the stock failed to close the week above its 200-day exp moving average on Friday, a sign that the recovery remains fragile. The stock needs to regain this major EMA next week or things could get very ugly. Failure to cross this resistance level can be seen as a setback for investors and could cause the stock to trade sideways or reverse.

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TriQuint Semiconductor (NASDAQ:TQNT) It was on Thursday that I listed this stock on the radar screen as a potential breakdown candidate and that scenario remains a real possibility. Use a trigger below the 15.90 level and target the 50-day EMA at 15. Technical indicators are still showing negative divergences.

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India Globalization Capital, Inc. (NYSEMKT:IGC) This black ugly candle last friday was accompanied by high volume, signaling a possible distribution day for the stock. If it breaks below the 20-day EMA I will certainly consider a short.

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, AMKR, BBRY, IGC, SIRI, TQNT

19:05 | Permalink |

Stocks to Watch for June 20, 2014

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EnteroMedics Inc (NASDAQ:ETRM) Volume starts to pick up again. It could make a huge move to the upside. Keep ETRM on your watch list. A break of $1.83 with force might give the stock room to $2.17.

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Amkor Technology, Inc. (NASDAQ:AMKR) seems to be topped out at 12.27 and made a bearish engulfing candle today on high volume, suggesting a trend reversal. If it breaks below the 11.40 level, it might test 20-day EMA and if it sustains below that, it could collapse all the way to 10-9.50 levels. Insiders sold nearly 200,000 shares this month.

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TriQuint Semiconductor (NASDAQ:TQNT) potential short setup. Currently the stock has formed a large rising wedge with declining momentum and I expect that it will resolve downward.

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Skyworks Solutions Inc (NASDAQ:SWKS) The technical indicator MACD shows a bearish cross w/ a downward sloping histogram, indicating that a potential pullback is on the horizon.

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: AMKR, ETRM, SWKS, TQNT

22:54 | Permalink |

Stocks to Watch for June 19, 2014

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Alpha Natural Resources, Inc. (NYSE:ANR) has had a nice rebound over the past couple of days and is now consolidating its recent gains. Nearest resistance for the stock is at $3.74. If this level is crossed and the stock is able to sustain above this level, then it might go to $4.12. Among oscillators, the RSI and MACD are currently showing positive momentum.

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Walter Energy, Inc. (NYSE:WLT) displayed relative strength today and broke out above resistance at the $5.22 level on solid volume. The 20-day EMA has been resistance for weeks. Watching if this can go into $6s tomorrow.

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AOL, Inc. (NYSE:AOL) has formed a rounding bottom formation in the daily chart and finally the stock closed above the 20-day EMA. The recent increase in the volume activity along with positive crossover of RSI suggests fresh buying interest in the stock.

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Petroleo Brasileiro Petrobras SA (NYSE:PBR) showed buying strength all day on Wednesday. The stock is on the verge of breaking out and it could happen very soon. At this stage it is definitely a wait and see if the resistance will be easily taken out by the bulls. 16 break out watch.

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Plug Power Inc (NASDAQ:PLUG) breaks above the 50-day EMA for the first time since late April and should have a continuation move on Thursday. It looks like the stock is starting to turn back up and indicators are giving the first bullish signs.

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I feel Lithium Exploration Group Inc (OTCMKTS:LEXG) is on the verge of a big bounce from these cheap levels. Most importantly this stock is a Lithium Play, so keep it on your radars tomorrow.

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: ANR, AOL, LEXG, PBR, PLUG, WLT

23:10 | Permalink |

Stocks to Watch for June 17, 2014

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AVEO Pharmaceuticals, Inc. (NASDAQ:AVEO) broke out in a big way today on massive volume. The heavy buying makes this an interesting situation and one worth watching on Tuesday. I believe we will see some nice follow through. I would look for a move up to $1.6 resistance tomorrow. If it passes that, there is very strong resistance at $1.96 coming up next.

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Twitter Inc (NYSE:TWTR) closed above the 50-day EMA for the first time since March and has confirmed my previous analysis. From here, we can expect a run up to the 40s and from there we could see an explosive upsurge to $47 and better. Stay tuned.

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Analog Devices, Inc. (NASDAQ:ADI) looks to be forming a bullish flag here. Buy point is on the day it breaks 56.18 on heavy volume.

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Potash Corp./Saskatchewan (NYSE:POT) has formed a strong bullish candle on daily chart. Keep a close eye on this one tomorrow, looks ready to break out into new high territory.

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Tesla Motors Inc (NASDAQ:TSLA) had a very bullish move today breaking several resistance lines with large volume. With the MACD turning up and above its signal line, this stock could post a nice rally from current levels.

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: ADI, AVEO, POT, TSLA, TWTR

22:35 | Permalink |

AC Investor Blog

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

Monday, June 30, 2014

Stocks to Watch for July 01, 2014

Saturday, June 28, 2014

Stocks to Watch for June 30, 2014

Thursday, June 26, 2014

Stocks to Watch for June 27, 2014

Wednesday, June 25, 2014

Stocks to Watch for June 26, 2014

Tuesday, June 24, 2014

Stocks to Watch for June 25, 2014

Top Trade Ideas for Tuesday June 24th

Saturday, June 21, 2014

Stocks to Watch for June 23, 2014

Thursday, June 19, 2014

Stocks to Watch for June 20, 2014

Wednesday, June 18, 2014

Stocks to Watch for June 19, 2014

Monday, June 16, 2014

Stocks to Watch for June 17, 2014

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