Stocks to Watch for January 6, 2014
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Aegerion Pharmaceuticals, Inc. (NASDAQ:AEGR) On the daily chart, it has formed a bullish Engulfing candlestick pattern and closed above its short-term EMAs. A potential gap fill candidate. Long set-up on watch.
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Wayfair Inc. (W) : The stock is looking poised for an upside reversal off its decline from over 38 in October to around 18 in December. On the hourly chart, the stock broke the resistance of 21.50 as well as the 200EMA with volume. Initial target is 24 with a tight stop around 21.40
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Royal Gold, Inc (NASDAQ:RGLD) is positioned for an upside breakout. Go long on the break of resistance around 66.56. Among oscillators, the RSI is currently at 53 levels and is in buy mode showing positive momentum. Additionally, the MACD is showing positive crossover.
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The stock price movement in the last couple of days indicates that OXiGENE Inc (NASDAQ:OXGN) has formed a bottom around $1.50. A move to the $2-2.15 range appears likely, however the stock needs to take out the 50-day exponential moving average first.
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IAMGOLD Corp (NYSE:IAG) after nearly four weeks of consolidation in the 2.20-2.75 area, the stock broke out today. This break confirms a short term trend reversal and the beginning of new momentum.
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BlackBerry Ltd (NASDAQ:BBRY) Nice bullish hammer setup on daily chart. The big movement in the past few weeks tells me to be patient. Overall uptrend still intact.
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: AEGR, BBRY, IAG, OXGN, RGLD, W
