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Saturday, January 31, 2015 

Stocks to keep an eye on February 2, 2015

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Sanchez Energy Corp (NYSE:SN) looks right on the verge of a breakout. This has been under accumulation since mid Dec, as can be seen in the chart (Indicator A/D) and during the recent uptrend the accumulation has been strong. The price is trading above the 20-day exponential moving average, which worked well in past during the rise and decline. Friday's move was backed by volumes, indicating buying. The daily RSI is also on the verge of crossing 60 levels again into bullish range. Watch this stock if it breaks next week above the 50-day EMA. It's a short-squeeze candidate.

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BlackBerry Ltd (NASDAQ:BBRY) There is no change in my view about Blackberry and my outlook stays same as what I have been mentioning for past 6 months. The technical daily chart above shows the stock is in bull market with 50-day exp moving average on top over 200-day exp moving average and we are seeing higher highs and higher lows. I have been accumulating shares at an average price of 8.86 as i mentioned several times on twitter.

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FireEye Inc (NASDAQ:FEYE) The stock showed relative strength yesterday, holding up well while the market got hit. I will be watching the stock on Monday for a continuation move through Friday’s highs of $34.70. Although this uptrend is encouraging, the medium-term outlook stays cautious till the stock closes conclusively above the 200-day exp moving average on heavy volume.

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Marvell Technology Group Ltd. (NASDAQ:MRVL) has successfully back tested the breakout level. If the stock breaks this bullish flag formation to the upside next week a measured move gives us new highs. Watch for a breakout over 15.77

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Nice breakout on SandRidge Permian Trust (NYSE:PER) with strong volume. Momentum picking up with MACD climbing and RSI rising. Look for a quick run to $8.50 then on to $8.86

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ZIOPHARM Oncology Inc. (NASDAQ:ZIOP) Strong looking chart. Sitting just under highs. The stock seems to be looking for a reason to push it upward towards 9.64 where next resistance is formed. From a technical perspective, the stock still looks bullish with MACD and RSI both in Bullish areas. Short-term 9-day exp moving average which is at 8.20 will now act as a support. One to watch next week for sure. 

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Another stock to watch next week is Zogenix, Inc. (NASDAQ:ZGNX) The company announced on Friday (after market close) that FDA has approved a new formulation of Zohydro ER Extended-Release Capsules, CII, with BeadTek. It's gonna squeeze some shorts.

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

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  • 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.

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