Stocks to Watch for June 12, 2014
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Clean Diesel Technologies, Inc.(NASDAQ:CDTI) closed up 19% today and strong momentum appears to be building rapidly. The stock price broke out of a base formation on high volume and could eventually rally up to test the 4-4.50 resistance zone. CDTI has seen huge gains over short periods in the past and I believe this breakout could trigger another bull run. From a technical standpoint, the positive momentum seems to be back as the stock is back above the major EMAs with the RSI going up and MACD near the positive territory.
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WPX Energy Inc (NYSE:WPX) is consolidating and might be getting ready to move higher. Look for break above $22 to enter longs using as stop the 50-day EMA.
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Rambus Inc. (NASDAQ:RMBS) had a nice break out today and rose over 5%. If the stock price can sustain this strong momentum $14 is not out of the question next week. Keep it on your radar over the coming days.
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Pandora Media Inc (NYSE:P) good relative strength compared to the market today. Technical indicators are becoming more favorable with MACD and RSI rising. Look for break above $27.74 to enter longs.
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Chesapeake Energy Corporation (NYSE:CHK) is holding up nicely and looks ready to move higher. Next buy point for CHK is at 30.48
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I think MELA Sciences Inc (NASDAQ:MELA) has found a bottom here and looks poised to post a rally from current levels. We start to see some signals of rebound as the technical chart shows positive momentum is back. If stock breaks 42c then the stock can head to 47c and if this level is breached then the level of 55c is visible.
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
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: CDTI, CHK, MELA, P, RMBS, WPX
