AC Investor Blog: 03/01/2015

Stocks to keep an eye on April 01, 2015

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King Digital Entertainment PLC (NYSE:KING) is one of my favorite stocks in the gaming sector. In a research note published in the mid of this month, JPMorgan reiterated an overweight rating and set a $20 price target on shares, citing that the company will experience a significant growth this year with a strong outlook on the Candy franchise and potential game launches. Additionally, the analyst Doug Anmuth raised the 2015 EPS estimate from $1.99 to $2.03. From a technical standpoint, I continue to see a potential Inverted Head and Shoulders pattern on daily. The stock closed above the $16 level today on high volume and is registering a strong Bullish signal on MACD. Let’s see whether the price can gather enough momentum to break through the neckline at $16.52. If the Bulls are able to push through this level, there will be another rally towards $17. The target of this possible inverted head and shoulder pattern is around $21.

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Rosetta Genomics Ltd. (NASDAQ:ROSG) had a nice surge a few weeks ago and has been in a correction mode. The stock is displaying upside momentum again and is poised to move higher from these levels. Nearest resistance for the stock is at $3.25 (200EMA). If this level is crossed and the stock is able to sustain above this level, then it might go to $3.75. Short-term technical indicators are improving and MACD is about to trigger a buy signal while RSI is neutral at 49. Keep an eye on ROSG tomorrow.

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Shares of PhotoMedex Inc (NASDAQ:PHMD) soar today on good news. The US Federal Court dismisses suit against the company. The stock closed again above the $2 level on decent volume, a buy signal and an indication that the price may have finally reached its bottom. Next resistance level is $2.58 (100-day EMA). I will keep on eye on this stock tomorrow.

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Genetic Technologies Limited (NASDAQ:GENE) Good pattern and accumulation here, but I need to see further upside confirmation before adding a new long position.

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Second Sight Medical Products Inc (NASDAQ:EYES) is another stock I am watching closely. It can pop big time on any positive news. The technical daily chart is showing a possible falling wedge pattern. In addition, %K line has just crossed on top over %D line showing a buy signal as ROC is at oversold level. MACD Histogram is also showing positive divergences. This is a bullish pattern that requires confirmation with an upside breakout.

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Ambarella Inc (NASDAQ:AMBA) made a new 52-week high today, hitting $77.39, before closing the day at $75.71. I will watch the stock price tomorrow and buy above Tuesday’s high.

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Lumber Liquidators Holdings Inc (NYSE:LL) is recovering quickly from its recent bottom with MACD moving upwards. The stock looks like it wants to breakout of this small range, but has not been able to gain the needed momentum. You should keep this stock on your screen radar.

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: AMBA, EYES, GENE, KING, LL, PHMD, ROSG

23:00 | Permalink |

Stocks to keep an eye on March 30, 2015

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BlackBerry Ltd (NASDAQ:BBRY) posted better-than-expected quarterly earnings yesterday, showing clear signs that its turnaround efforts is giving the first results even with less revenue. They are doing a great job avoiding any cash burn during the business transition. The best part of the report in my opinion was the software revenue that rose 20% from a year earlier, offering signs of the ongoing transition to a more software-driven revenue stream. In addition, the company reported positive cash flow of $76 million in the quarter and its cash position is now $3.27 billion. I continue to believe in Blackberry and in its management, I don’t care about what some analysts are saying due to its conflict of interests. My long term investment requires patience but it will pay off someday. I want to double my money in this one as I have been saying for weeks on twitter. Im very familiar with Blackberry products and all its features, therefore I know in what im currently investing. I could be wrong, I could lose my money but the risk/reward it seems favorable to me. John Chen is doing the same work in controlling operating expenses and eliminating its cash burn like he did at Sybase in the beginning. Im here for the long run. From a technical standpoint, the chart is displaying positive divergences on momentum indicators and with the stock oversold, these are the perfect conditions for a short-term rally IMHO. The RSI has reversed the course and the daily MACD is starting to curl up, suggesting that a positive crossover could be coming soon. I would look for a move up to $10.06 resistance soon.

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Facebook Inc (NASDAQ:FB) On the daily chart price has back tested successfully the breakout zone. Let's see if the price can hold above this key support area next week and move higher.

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Rambus Inc. (NASDAQ:RMBS) has a very interesting daily chart and could have a bigger move soon. The break of the next key resistance line with heavy volume should be the next buy point on Rambus. If it clears resistance at $12.88, the move may be powerful. Despite recent decline, the daily RSI remains above 60 levels and may support the bullish argument here. Additionally, the A/D line still show the stock is on the positive swing. On watch.

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Rite Aid Corporation (NYSE:RAD) looks like it's getting ready to move. The price broke through its previous resistance point of 8.48, made a new 52-week high but failed to close above, however this was the first signal that I was looking for since a while. On the grand scale, in white, you will see a large cup and handle pattern and if broken the target will be around $12. Next key resistance is now located at $8.73 (yesterday's highs), a break above this level will confirm the bullish trend and the following uptrend will take price up to $9 zone.

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Ibio Inc (NYSEMKT:IBIO) should see some trading activity on Monday as investors interest continues to increase after yesterday's Reuters news wire: British Ebola patient cured after experimental treatment. MIL 77 is a close relative of another experimental medicine ZMapp. Resistance for the move is 78c (100EMA). This stock will move quickly and is very volatile, so be careful with your share size and entry price. I bought some shares on Friday..Let's see..This chart definetely looks like a bottom chart to me.

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I've been stating fordays that King Digital Entertainment PLC (NYSE:KING) was trying to bottom. Last week the stock resumed a fresh up move after 2 weeks of consolidation and seems poised for a breakout above the 16 mark. On the grand scale, we can also see that there is also a Bullish inverted head and shoulders pattern developing with the neckline around 16.10. The recent high volume along with positive crossover of MACD on the daily charts suggest fresh buying interest in the stock. I'm Bullish on KING.

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ZIOPHARM Oncology Inc. (NASDAQ:ZIOP) had a signficant pullback last week that was stopped by its 50-day EMA at 10.62. Price needs to hold this key support area and break out above the 20-day EMA at 12.24 for a potential short-term uptrend move. The daily momentum indicators are showing mixed-signals with a positive bias.

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Twitter Inc (NYSE:TWTR) Price has been having wild swings since it broke the $50 level. The outlook remains positive supported by the EMAs and momentum indicators. Watch for a break out back above the 51.87 level which is Wednesday's high.

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Sirius XM Holdings Inc. (NASDAQ:SIRI) has been in correction mode the last couple of weeks. It needs to sustain above $3.81 to make a move to its recent high of $4.04. If it does not catch support here, look for support at the 100-day EMA at 3.70. On a short term basis, MACD and RSI show bearish signs.

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From my point of view, I think Kite Pharma Inc (NASDAQ:KITE) may break down here. Up/Down volume pattern indicates that the stock is under Distribution IMHO. The stock price closed fractionaly last week above the major support at $58, but any close below this level could have further negative implications for the stock, and a move to $50 cannot be ruled. At this time the price is still trading below short-term EMAs. In addition, falling MACD, now below 0, also indicates bearish trend. Fresh long positions, should be initiated only when the stock moves above $65.

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, FB, IBIO, KING, KITE, RAD, RMBS, SIRI, TWTR, ZIOP

15:05 | Permalink |

Stocks to keep an eye on March 27, 2015

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Orexigen Therapeutics, Inc. (NASDAQ:OREX) today's close confirms a possible trend change from downward to neutral. Next key resistance is now located at $7.80, a break above this level will confirm the bullish trend, and the following uptrend will take price up to $9 zone. The Slow Stochastic crossed above its signal line on daily and the Relative Strength Index is also turning higher, which is a sign of growing strength in the stock. On radar.

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Net Element International Inc (NASDAQ:NETE) made a nice move today and it was with an increase in volume, which shows us there are buyers in the stock. The resistance level for the stock is $1.37, but do not be surprised to see some additional resistance at the $1.40 price level. I expect to see volume increase once the stock breaks resistance. Let's keep an eye on NETE as i think momentum will pick up again. Im long.

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King Digital Entertainment PLC (NYSE:KING) momentum is coming back to this name. MACD and Stochastic look promising. This could indicate the potential for some upside gains in the very near-term. If it breaks the DT line, KING could easily retest its February highs of around $17.

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Palo Alto Networks Inc (NYSE:PANW) has bounced today off its 50-day EMA just above the critical support of 134 and rose 2% to $141.45. The uptrend remains intact as long as this key support holds (stop loss).

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: KING, NETE, OREX, PANW

21:41 | Permalink |

Stocks to keep an eye on March 25, 2015

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Twitter Inc (NYSE:TWTR) After drifting for weeks the price finally broke out of a consolidation today accompanied by high volume. Today’s high was $51.79, which is resistance for the follow through move. If the stock can break through this level tomorrow, expect to see heavy volume drive the stock higher.

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Silver Spring Networks Inc (NYSE:SSNI) broke out of a flag formation on higher volume today. This will lead to a price target of 12.5-12.63. Key indicators on daily charts suggest continuation of positive bias and the stock price is likely to show further up side.

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SolarCity Corp (NASDAQ:SCTY) had a very productive day as we saw gains of over 3.4% and I believe it has more room to run. The short-term outlook remains positive and the stock has finally got a bullish macd cross.

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Shares of Oasis Petroleum Inc. (NYSE:OAS) rebounded on heavy volume today. Gonna have to watch it carefully on Wednesday to see if we have hit bottom and should grab some for the ride back up.

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VirnetX Holding Corporation (NYSEMKT:VHC) Put a nice reversal candle today and closed back above the 50-day EMA. The momentum indicators are attempting to turn up from oversold levels. Will watch tomorrow for continuation.

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CytRx Corporation (NASDAQ:CYTR) showed some nice strength today, despite weak market. Price broke through resistance at $3.44 accompanied with high volume. The stock hit a high of $3.56, which is now resistance for Wednesday’s continuation move. If the stock can break through resistance, we should see another strong upside move. CYTR will move very quickly, so watch the stock closely tomorrow.

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: CYTR, OAS, SCTY, SSNI, TWTR, VHC

20:52 | Permalink |

Stocks to keep an eye on March 24, 2015

Dearest readers,

I continue to receive visits from a page that was “cloned” using my blog theme and 2 posts of mine using a Brazilian company domain that is attracting people with inappropriate ads. I have already contacted the Brazilian company informing them that its domain was hacked with some of my content, but unfortunately until now I have not received any answer . I’m thinking in contacting google and blogger about this issue, but for now my blog is running fine, the problem is that my theme was cloned and hosted somewhere using the domain of a Brazilian construction company. If you find my blog theme in some motor searches, using two articles (March 12 and 13) with inappropriate ads, I have nothing to do about that, they are the hacked pages.

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Peabody Energy Corporation (NYSE:BTU) Strong rally on decent volume today. I think the price could try and take a trip to $7 or so if volume comes in. The technical indicators are looking bullish. We saw unusual bullish options activity (April $7).

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ITT Educational Services, Inc. (NYSE:ESI) could be in the early stages of a technical breakout. The stock price has been basing the past few days and just recently started inching above most of the consolidation area. From a technical perspective, the daily technical indicators are beginning to look bullish. The MACD indicator is rising above its signal line, but remains in negative territory. The RSI crossed above the 50 mark and ADX is gaining momentum. Let's see what Tuesday brings. Could squeeze over $8. Im long.

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Shares of El Pollo LoCo Holdings Inc (NASDAQ:LOCO) have room for a significant uptick beyond these levels. Volume starts to pick up again. A move above $28.09 could trigger a sharp move higher. Long set-up on watch.

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Rambus Inc. (NASDAQ:RMBS) is moving higher after-hours after the company announced it has signed both patent and technology license agreements with IBM. The stock needs to take out 12.79 in order to convince bullish buyers at these levels. I like this stock and chart.

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First Solar, Inc.(NASDAQ:FSLR) Starting to look strong again. Next buy area when clears the 62.27 level on heavy volume.

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U.S. Silica Holdings Inc (NYSE:SLCA) still looks poised to break higher. A move above 33.49 would confirm the breakout, with an initial target of 34.06 and secondary target of 37.47.

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: BTU, ESI, FSLR, LOCO, RMBS, SLCA

21:16 | Permalink |

Stocks to keep an eye on March 23, 2015

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ZIOPHARM Oncology Inc. (NASDAQ:ZIOP) continued its bullish run last week. The stock broke out on Friday and made a new 52-week high of $14.40 but failed to close above this level at the close, not a good technical signal. However, I'm keeping the stock on the list for the continuation move. As long as it holds above the $13.18 support level (13EMA) the intermediate-term picture should remain positive. Technical daily indicators are looking a little weak. MACD is positive, but has crossed below its signal line and the RSI is showing signs of falling from its overbought zone again. Some more consolidation/correction is likely. Use the 13-day EMA as your stop loss.

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Herbalife Ltd. (NYSE:HLF) was another winner for my readers/twitter followers this week. The stock might face a period of sideways action around the $43 level (200EMA) while it consolidates the gains booked in the last trading sessions. Once this level is crossed with good volumes, the stock can go to $48. Technically, daily indicators are bullish but looking overbought now. The MACD is rising above its signal line in positive territory and RSI hit the overbought zone.

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Lumber Liquidators Holdings Inc (NYSE:LL) The chart shows the stock is extremely oversold at this price level. Volume picked up a bit on Friday the daily MACD is starting to curl up, suggesting that a positive crossover could be coming soon. Bargain hunters may want to accumulate LL stock at current levels and wait for it to trade out of the oversold conditions in the coming days.

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King Digital Entertainment PLC (NYSE:KING) tried to break down on Friday but buyers came in to support and the price closed near highs of the session. This is an excellent bullish sign, which is why I'll be watching the stock on Monday. Resistance for this move is $15.88, which was the high from last Monday. KING will move very quickly, so keep it on your screen next week.

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Oasis Petroleum Inc. (NYSE:OAS) The stock was on my list a few days ago, and has been slowly trying to make a move up. The stock has to close above the 20-day EMA, for it to pick up momentum. Daily technical indicators are displaying positive divergences. Slow stochastic is moving up from the oversold zone, suggesting that a bounce might take place and the daily MACD is giving the same signal. Watch the stock closely next week.

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: HLF, KING, LL, OAS, ZIOP

08:06 | Permalink |

Stocks to keep an eye on March 20, 2015

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Twitter Inc (NYSE:TWTR) has been consolidating in the 46-50 range since its big surge in price and volume in February. The stock today broke out of a small flag pattern that has formed in this consolidation process. The top of the range now represents the major key resistance level, which if broken could lead the price towards the October highs around the 55 area. Additionally, the accumulation indicator shows the strength of conviction behind this Bullish trend. Lets keep an eye on it.

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Nike Inc (NYSE:NKE) is trading higher after hours, as the company released strong earnings. For tomorrow, the levels to watch on upside will be at 98.86 and 99.76

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Energy XXI Ltd (NASDAQ:EXXI) still acting well in comparison to the rest of the sector. Definitely one stock to watch when Oil price eventually stabilize. From a technical standpoint it is quite likely that the stock price may have put in a short term bottom here. Good upside volume coming into this stock over the last four sessions. Important to see how this acts over the next few days. A breakout over $3.87 with strong volume would send this flying.

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In the short-term the daily chart shows a symmetrical triangle in formation in Vringo, Inc. (NASDAQ:VRNG). Decreasing volumes and increasing RSI adds strength to the pattern in formation. I'll be watching this stock closely as I expect to see a strong move once the stock breaks through resistance. A move past 87c would be a strong indicator of a further uptrend in the stock.

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: EXXI, NKE, TWTR, VRNG

21:33 | Permalink |

Stocks to keep an eye on March 19, 2015

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Clayton Williams Energy, Inc. (NYSE:CWEI) had a big pop on Wednesday and the stock price finally broke out of a base pattern that has been forming since the beginning of the month, which is extremely bullish. The technical daily chart appears to be bottoming. I feel that this stock can easily run to 55's in the near term.

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Chesapeake Energy Corporation (NYSE:CHK) was added to my watchlist as a possible bottom bounce-play. The technical chart is displaying positive divergences on momentum indicators and with the stock in oversold territory, these are the perfect conditions for a short-term rally. The Relative Strenght Index has reversed the course and stock finally closed above the $14 level, a Bullish signal. In addition, the daily MACD is starting to curl up, suggesting that a positive crossover could be coming soon. I would look for a move up to $16.30 resistance soon.

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FX Energy, Inc. (NASDAQ:FXEN) has sold off over the past several days but looks to have found a bottom. The stock closed up 7 cents today on good volume. Let's keep an eye on it as i think momentum will pick up. First upside target of $1.78

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Twitter Inc (NYSE:TWTR) has been slowly gaining traction amid light buying pressure the last few days. A break through this 47.72 area could accelerate it higher.

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The stock price of Rambus Inc. (NASDAQ:RMBS) has recovered smartly since the low of 10.01. It is currently in a medium-term uptrend and may move up to 13/13.31 on volume trading. Technical indicators are bullish.

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Facebook Inc (NASDAQ:FB) Technical chart is displaying upside momentum. I will be watching this stock closely on Thursday for a breakout above 82.17.

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Energy XXI Ltd (NASDAQ:EXXI) made a strong upside reversal, printing a nice bullish engulfing candle on strong volume and I expect a pop above 3.87 (50EMA) at some point this week.

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: CHK, CWEI, EXXI, FB, FXEN, RMBS, TWTR

21:39 | Permalink |

Stocks to keep an eye on March 18, 2015

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FireEye Inc (NASDAQ:FEYE) is bullishly flagging off its upmove from the 36 area to around 46.50 and could see 46/48 if it breaks above 43.48. A/D is increasing indicating accumulation of shares in the market. As long as the stock holds above the 40.78 support level the intermediate-term picture should remain positive. Fresh exposures may be considered on a move past $43.48.

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Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) In the past few days we have noticed that the stock price has been on a consistent bullish uptick in market valuation. Moreover, along with the market valuation the technical daily indicators MACD, RSI and A/D have been bullish, rising for the past several days. Additionally, the stock past a key resistance level of 4.73. So, keep watching ARNA trade and watch for potential continuation of its recent upward move.

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Second Sight Medical Products Inc (NASDAQ:EYES) Looking at the hourly chart above, the stock has just started moving higher and established a short term up-trend above its 200-day EMA. This could be the start of a nice rebound. Nearest resistance for the stock is at $14.50. If this level is crossed and the stock is able to sustain above this level, then it might go to $17.

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I have Adamas Pharmaceuticals Inc (NASDAQ:ADMS) on my watchlist. It may be ready to break out of this large consolidation. Bullish MACD cross on daily. Potential swing long above 18

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: ADMS, ARNA, EYES, FEYE

22:20 | Permalink |

AC Investor Blog

Seeking to provide independent day trading strategies based on Technical Analysis.

Tuesday, March 31, 2015

Stocks to keep an eye on April 01, 2015

Saturday, March 28, 2015

Stocks to keep an eye on March 30, 2015

Thursday, March 26, 2015

Stocks to keep an eye on March 27, 2015

Tuesday, March 24, 2015

Stocks to keep an eye on March 25, 2015

Monday, March 23, 2015

Stocks to keep an eye on March 24, 2015

Saturday, March 21, 2015

Stocks to keep an eye on March 23, 2015

Thursday, March 19, 2015

Stocks to keep an eye on March 20, 2015

Wednesday, March 18, 2015

Stocks to keep an eye on March 19, 2015

Tuesday, March 17, 2015

Stocks to keep an eye on March 18, 2015

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