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Saturday, March 21, 2015 

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

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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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