Stocks to Watch for September 3, 2014
( click to enlarge )
FireEye Inc (NASDAQ:FEYE) continued its bullish momentum today gaining more than 8 percent. There are no changes in my technical outlook. The bias is bullish in nearest term testing 37-37.40 key resistance area.
( click to enlarge )
I've been looking at Rosetta Genomics Ltd. (NASDAQ:ROSG) for a possible breakout candidate. From my point of view, there are solid and consistent buyers here. From a technical standpoint, there are some signs of a possible bounce here due to the oversold indicators and some positive divergences, which often leads to short covering. Let’s see whether the stock can gather enough momentum to break through $3.98. The stock could touch an upside target of $5 in the medium term. The company management will participate in one investor conference this week at the Annual Barrington Research Fall Investment Conference taking place tomorrow and on Thursday at the Four Seasons Hotel in Chicago, so keep watching for the breakout move.
( click to enlarge )
The Wet Seal, Inc. (NASDAQ:WTSL) made a great move today and was with an increase in volume. This is an excellent bullish sign, which is why I will be watching the stock on Wednesday. Resistance for this move is $1.09, which was the high from last Tuesday and the top of this short-term range. The stock will move very quickly, so keep it on your screen this week.
( click to enlarge )
Digital Ally, Inc. (NASDAQ:DGLY) is one of the hottest stocks in the market right now. The stock has rallied from 3.16 to above 30 in just one month. It is very overbought and may need to work this condition before heading higher, however history has shown that stocks can run overbought for quite some time with a bullish MACD. This chart speaks for itself.
( click to enlarge )
BlackBerry Ltd (NASDAQ:BBRY) broke out today on high volume. If this chart does what is supposed to do, it will be going higher in the days to come. Technically, the stock is in a short-term bull Market with share price above all key EMAs. Let's see if tomorrow the stock will confirm the breakout. Let's keep an eye on her as i think momentum will pick up.
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: BBRY, DGLY, FEYE, ROSG, WTSL
