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Saturday, February 21, 2015 

Stocks to keep an eye on February 23, 2015

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Arena Pharmaceuticals, Inc.(NASDAQ:ARNA) The stock price went almost to $5 yesterday and that level was rejected once again, causing a strong pullback in the last trading session of the week. From a technical stanpoint and based on the positive divergences of some momentum indicators, there is a possibility that if tested again we will break through that level and continue higher. However, the stock will most likely get a down tick before it breaks out. If stock price can not hold the 20EMA, then look for a test of the lower line.

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Oncothyreon Inc (NASDAQ:ONTY) The stock seems to have bottomed as it recently bounced off $1.50 level and is starting to rise after breaking above its short-term downtrend line. Given the recent strength in the stock price and the good fundamentals seems to be cheap buy at the current levels. Last week, the company announced that Robert Kirkman is scheduled to present at two upcoming investment conferences. 2015 RBC Capital Markets' Global Healthcare Conference on Tuesday, February 24 and at Cowen and Company 35th Annual Healthcare Conference on Wednesday, March 4. This could be a good catalyst for a bounce. Stay tuned.

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Delta Air Lines, Inc. (NYSE:DAL) has been in a corrective phase since mid-Jan along with the rest of the airline sector, but last week the stock broke the downtrend line and also broke above the 50-day EMA. Technical chart shows possible new rally as %K line has crossed on top over %D line and a positive MACD Cross over has occurred, generating a buy signal. Expect a move to the $50 area in the next days.

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Vipshop Holdings Ltd (NYSE:VIPS) is quietly developing a bull flag formation on daily after massive breakout on Tuesday. Buy point would be on the day it blows through $25.96 on heavy volume.

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Chicago Bridge & Iron Company N.V. (NYSE:CBI) Although the EMAs still show weakness as 50-day EMA is below 200-day EMA positive momentum seems to be back, as the stock is back above 50-day EMA. Plus, the MACD indicator is also back above zero, indicating the stock is back in bull market. Buy point would be on the day it blows through $43.54 on heavy volume.

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Nimble Storage Inc (NYSE:NMBL) had a strong week and broke through its 50 and 100 EMAs. The volume confirmed the breakout as it was greater than average. Look for the stock to test the prior highs of January.

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Tremor Video Inc (NYSE:TRMR) broke the small bull consolidation pattern last week. RSI and CMF returned to the Bullish area. If shares can break the $2.45 mark then bulls should be able to target a move to $2.80. Stay tuned.

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King Digital Entertainment PLC (NYSE:KING) The stock price is expected to regain its demand as the profit taking seems to be over. This company will pay a special dividend of 94c per share to shareholders of record at the close of business on March 4 (6% dividend yield). I think this special fact will attract lot of buyers (including some Hedge funds and big institutions) in the coming sessions. The stock looks pretty healthy, as money flow remains relatively strong.

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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