--Financial Tools ---Futures Market---ADD HERE LINK-- OPTION ALERTS --BENZINGA--

« Home | Stocks to Watch for December 12, 2014 » | Stocks to Watch for December 10, 2014 » | Stocks to Watch for December 09, 2014 » | Stocks to Watch for December 08, 2014 » | Stocks to Watch for December 04, 2014 » | Stocks to Watch for December 03, 2014 » | Stocks to Watch for December 01, 2014 » | Stocks to Watch for November 28, 2014 » | Stocks to Watch for November 26, 2014 » | Stocks to Watch for November 25, 2014 » 

Saturday, December 13, 2014 

Stocks to Watch for December 15, 2014

( click to enlarge )

Glu Mobile Inc. (NASDAQ:GLUU) The stock price is currently compressed by the 50-day EMA and the upper line of the descending channel within which the price has been trading since July. Will the stock break through this resistance ? Or retrace down ? If able break through 4.08, immediate resistance would be the 100-day EMA which is 4.38 level. If retrace down, 3.80 (13 & 20 EMAs) is strong support level.

( click to enlarge )

Basic Energy Services, Inc (NYSE:BAS) After huge retrace down, the stock seems to be showing a significant amount of capitulation here. Plus, with the daily momentum indicators at extreme oversold levels after last week’s selloff, a potential rebound is round the corner. I went long on Friday.

( click to enlarge )

TGC Industries Inc (NASDAQ:TGE) is another potential bottom-play, might bring some good scalping opportunities to the 2.75 level. Stochastics are triggering reversal and MACD is showing signs of bottoming.

( click to enlarge )

Denny's Corporation (NASDAQ:DENN) Not a good candle formation in the last session, most probably it will retrace down to test the breakout support. RSI & Stochastics remain very overbought, so a pullback within the next couple of sessions cannot be ruled out.

( click to enlarge )

Celldex Therapeutics, Inc. (NASDAQ:CLDX) My read is that the pullback is almost over and the stock can continue upwards. Since its high-volume up-move in the middle of the November the stock has been bullishly flagging on low volume. The previous breakout level (now very strong support) should attract buyers next week.

( click to enlarge )

Facebook Inc (NASDAQ:FB) failed to trade lower by the end of last week and the stock price is now in a short-term bullish trend as seen on the chart above. We should be able to reach 79.71 as long as we trade above the 50-day EMA. MACD is rising in the positive territory.

( click to enlarge )

Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) broke the bear flag to the downside on increasing volume. Based on the technical chart above, I think that there is a high probability of further downside momentum. Only a move back over 4.08 would negate the immediately bearish bias.

( click to enlarge )

Sangamo Biosciences, Inc.(NASDAQ:SGMO) Over the last two days of trading, the stock saw strong bullish momentum, something that helped the stock advance approximately 25%. This rally was halted slightly below the key resistance barrier of 17. Will the stock break through this key resistance next week ? Honestly, I think the stock could rest here for a bit before we see the next move up. The technical daily chart above shows the stock is about to be back to bull market as the 50-day EMA is about to cross on top over the 200-day EMA. Additonally, the MACD is still rising and above zero. Lets watch it closely.

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: , , , , , , ,

Bookmark and Share

Photobucket Contact

About Me

    Photobucket
  • I'm a 43 year old Independent Trader using proprietary technical analysis with more than 18 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.

  • Benzinga.com supporter

    Stockal supporter

    Benzinga.com supporter



    FREE NEWSLETTER

      Enter your email address:

      Delivered by FeedBurner

      Subscribe my feed :

    Support AC

    • Support AC Investor Blog, Donate with PayPal

    Advertising

      Interested in advertising on AC Investor Blog ? Click Here

    QUOTES

    RECOMMENDED



    TRANSLATOR

    Site Information

    Stock Market Blogroll

    Friends BLOGROLL

    ARCHIVES

Powered by Blogger
and Blogger Templates


Add to Google