AC Investor Blog: 04/01/2015

Stocks to keep an eye on May 01, 2015

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Altera Corporation (NASDAQ:ALTR) closed up on Thursday at $42.25 and it appears ready to make another big run. First possible target price for this stock is at $44.05 and have to see from there. The rumor of a takeover of Altera by Intel starts over again.

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VAALCO Energy, Inc. (NYSE:EGY) may be forming a bottom after being in a downtrend for weeks. Nice break out today with a volume increase. If this technical daily chart does what is supposed to do, it will be going higher in the days to come, plenty of room to upside. From a technical standpoint, the stock is now in a short-term Bull Market with share price above 9 & 13 daily exponential moving averages. Let's see if tomorrow the stock will confirm the breakout. Initial target 2.94

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In line with my anticipation, Hemispherx BioPharma, Inc (NYSEMKT:HEB) confirmed today the reversal when it broke above the $.26 level. The daily technical chart is bullish with a lot of hot indicators showing up. The slope of the recent upward move is very steep accompanied by increasing volume. This momentum could push this stock much higher from here, so keep it on the radar. In addition, the top executives such as CEO and CFO are bullish of the company this year as they have purchased total of almost 600,000 shares in April, which is an unusual insider activity.

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Volume was good today and the trading action was encouraging. Traders bought the dip several times near the $4.25 level. Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) is starting to turn back up and technical indicators are giving the first bullish signs. The Stochastic Oscillator is registering a bullish signal as the %K has crossed above the %D and the RSI indicator is rising slowly but has not reached the 50% level. The stock has the following important levels. Resistance at $4.52 and support at $4.67

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Moody's has changed today Alcoa Inc.'s outlook to positive from stable. I believe that shares of Alcoa Inc (NYSE:AA) have room for a significant uptick beyond these levels. The stock is setting up to move higher and could break the $13.82 mark and its 50-day exponential moving average very soon, something that could attract more traders to jump in and push shares even higher.

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: AA, ALTR, ARNA, EGY, HEB

22:54 | Permalink |

Stocks to keep an eye on April 29, 2015

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58 com Inc (NYSE:WUBA) broke the rising wedge chart pattern to the downside (bearish reversal) that was previously published here on decent volume. A retracement to 71.06 (13EMA), 70 or 66.54 seems likely. The technical indicators are also supporting a possible correction.

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Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) stock has broken out of a major resistance area that targets a move to 14 in the short-term. If it can clear this big resistance hurdle around the $14 level a rally to retest of $15.30 or more appears possible.

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Medivation Inc (NASDAQ:MDVN) failed to close above the resistance level of $129 (13 & 20EMAs). This resulted in a sharp drop today. The recent price patterns suggest that the downward move could continue. A decline to the 118-115 range appears likely. A close below $115 would impart further weakness and would push the stock to the $106.59-110 range.

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BlackBerry Ltd (NASDAQ:BBRY) Lets take a look at BBRY’s activity in the light of the recent successive price increases. Looking at the daily technical chart, we can see that the stock is positively reacting to the recent events. It is still consolidating as seen from the intertwining of the 3 major exponential moving average lines. The good side of this stock technically is that the MACD is still rising above the "0" line and RSI above its 50% level, so this stock is still bullish for now even if it is still consolidating. Keep an eye for a possible breakout over 10.46

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500 com Ltd (NYSE:WBAI) The stock has failed around the strong resistance at 18 again and the daily MACD is about to trigger a sell signal. You know my opinion about the funfamentals of this company. Technically, the trend is reversing to the downside.

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, MDRX, MDVN, WBAI, WUBA

22:37 | Permalink |

A few setups to watch on April 28, 2015

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Gold Fields Limited (NYSE:GFI) Watch this trend line for a upside break at 4.40 for short term direction. The MACD is also about to cross zero line, which will be bullish.

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IAMGOLD Corp (NYSE:IAG) Coiling up here. Over 2.25 for movement.

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Silver Wheaton Corp. (NYSE:SLW) Stock could see a nice pop over $20.51 a share for a gap-fill.

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Esperion Therapeutics Inc (NASDAQ:ESPR) The short-term trend has turned weak, as the stock closed below the 9 & 13 EMAs for the first time in the last weeks. Momentum indicators are slightly bearish, MACD has been dropping and the relative strength is now neutral. The stock is likely to slide to the $88-92 range.

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iShares NASDAQ Biotechnology Index (NASDAQ:IBB) index is showing signs of weakness. All technical indicators triggered a sell signal. I am expecting a pullback till the 330 levels.

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: ESPR, GFI, IAG, IBB, SLW

22:43 | Permalink |

Stocks to keep an eye on April 27, 2015

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Ibio Inc (NYSEMKT:IBIO) This Daily technical chart popped up on my scanner and I feel it's one that should make its way onto your watch-lists for next week. Yesterday the stock experienced the biggest volume since the February highs, signalling renewed interest from investors. You can see on the chart above by comparing the volume bar to the other volume bars. Large surges in volume like we had on Friday should always raise an eyebrow, since volume is one of leading indicators for technical analysis. I think we have here an explosive situation on our Hands! The daily technical chart is forming a large Cup and Handle pattern, which usually resolves in bullish fashion. A breakout would be confirmed when the price breaks above the level of 1.40. The momentum indicator is also rising, which adds further strength to the bullish evidences. Another sign of strength is that the stock has been sustaining above its key EMAs over the past few trading sessions and the RSI indicator is also rising in positive territory. Going forward, stock has immediate resistance at 1.12 followed by 1.32/1.40 levels. This stock needs to be at the top of your watch list.

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Sphere 3D Corp. (NASDAQ:ANY) released great news on Thursday 23th. The company announced that in collaboration with Microsoft will showcase its technologiesand product solutions during a joint global partner roadshow. Based on past history of stock performance and looking at the daily technical chart above I think we could see another strong rally in May testing and possibly breaking the 200-day EMA. MACD already gave the buy signal.

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On the daily technical chart above, the share price of ZIOPHARM Oncology Inc.(NASDAQ:ZIOP) has been trading sideways for the past couple of weeks after correcting from its all-time high of 14.40, which could be interpreted as a bull flag pullback. If price can get back over 12.13 then the bull case will win and we should look for a move to resistance at 14.

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BlackBerry Ltd (NASDAQ:BBRY) Closed the week above the downtrend line and looks like it will continue to run up. Looking at the daily technical chart above the stock has just entered into a short-term bull market as the price is on top of all major EMAs. Other technical indicator such as MACD, is rising and above 0 showing positive momentum, while RSI also show buy signal. If the stock breaks next resistance at 10.46, the share price is likely to move to the target zone of the 11.45-11.5 range.

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58 com Inc (NYSE:WUBA) stock is overextended and vulnerable to a sharp correction after a period of remarkable gains. The technical chart is forming a steep rising wedge, which combined with the overbought reading and the euphoric bullishness, could be the perfect storm for a strong correction. Be careful if you are long.

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500 com Ltd (NYSE:WBAI) Negative divergences are everywhere. If the MACD crosses it should trigger some sort of selling.

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Alibaba Group Holding Ltd (NYSE:BABA) displayed some impressive relative strength on Friday with a 2.7% gain on decent volume. $85.68 (50EMA) is a key to watch for this stock. The Stochastic Oscillator is registering a bullish signal as the %K has crossed above the %D and RSI back above 50. The nearest trend is in favour of Bulls and price has room to go higher. If the stock can break through that level (50EMA), we should see strong volume drive the stock higher. On watch.

Have a peaceful weekend !!

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: ANY, BABA, BBRY, IBIO, WBAI, WUBA, ZIOP

08:43 | Permalink |

Stocks to keep an eye on April 24, 2015

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Sangamo Biosciences, Inc. (NASDAQ:SGMO) Today's close on high volume confirms a trend change from downward to neutral. Will watch to see if it can break this horizontal resistance line. Technical indicators are showing signs of turning around. Over $16.20 would be buy trigger.

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Digital Ally, Inc. (NASDAQ:DGLY) could be in the early stages of a technical breakout (falling wedge pattern on daily). If the stock can break through 13.50 tomorrow, I expect to see heavy volume drive the stock higher.

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BlackBerry Ltd (NASDAQ:BBRY) After consolidating sideways the last few days with an upward bias, the stock broke out upwards today accompanied by a volume surge. Looks good for higher prices.

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Ibio Inc (NYSEMKT:IBIO) Volume starts to pick up again. Could make a nice move to the upside. MACD lines are going up. Keep this one on your watch list. A break of $1.12 with force might give IBIO room to $1.31.

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CA, Inc. (NASDAQ:CA) looks like it is getting ready to move. It has a good base at $31 which can be used as a stop loss for long position. On the upper side, the move is likely to accelerate above $32.50. Long setup.

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MEI Pharma Inc (NASDAQ:MEIP) rebounded from the support line located at $2.05 and closed the day near the highs, gaining 4.8% on the session. I'm watching the stock to breakout the resistance level at $2.44. The technical indicators still indicate a bullish tone in short-term.

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I think Galena Biopharma Inc (NASDAQ:GALE) stock has found a nice bottom here and it looks poised to post a rally from current levels. The Slow Stochastic just produced a new buy signal. I would watch for a breakout over the $1.46-1.48 region.

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, CA, DGLY, GALE, IBIO, MEIP, SGMO

23:08 | Permalink |

Stocks to keep an eye on April 22, 2015

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Tuesday's high volume breakout could be the start of a nice squeeze higher for Gogo Inc (NASDAQ:GOGO) shares. Over 37% of float is short (14 days to cover). The stock had a large spread and volume today, successfully breaking several resistances lines. A lot of eyes are on this stock right now, so make sure this is on your radar screens. Patience is a virtue !! Squeeze seems eminent.

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Looking at the daily technical chart of AOL, Inc. (NYSE:AOL), the price is quickly approaching a breakout if the stock can manage to trade above $40.62. A strong volume move above that level, could set the stock up to retest its March highs of $42.42.

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I had Rambus Inc. (NASDAQ:RMBS) on my watchlist a few times this month and today it broke out in impressive fashion on volume expansion. I believe the stock can easily re-visit last year's highs of $14.82/share, if not higher.

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ImmunoCellular Therapeutics Ltd (NYSEMKT:IMUC) back over 50c. The stock displayed relative strength on Tuesday closing again above its 20-day moving average on solid volume. Short-term levels to watch tomorrow 54c and then 61c.

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Enzon Pharmaceuticals Inc (NASDAQ:ENZN) Could be a high flyer on breakout. The 52-week high is $1.83, but based on the current momentum and volume action this level is insignificant. Tomorrow could be CRAZY !!!

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: AOL, ENZN, GOOG, IMUC, RMBS

22:39 | Permalink |

Stocks to keep an eye on April 21, 2015

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MEI Pharma Inc (NASDAQ:MEIP) is one for the bottom pickers. The price entered within the gap area and a short-term rally is expected. The RSI is bouncing off 30 and the A/D is turnings up showing money is flowing into the stock. At this point, short-term traders may prefer long-positions towards a potential next target around 3.50. A reversal may be on the way.

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It looks like Geron Corporation (NASDAQ:GERN) is starting to turn back up and indicators are giving the first bullish signs. I am looking to see this stock re-test its March highs shortly.

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Lumber Liquidators Holdings Inc (NYSE:LL) initiated after hours by Cantor Fitzgerald with a $45 target and Buy rating. Nearest resistance for the stock is at 34.05. If this level is crossed and the stock is able to sustain above this level, then it might go to 35.18

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TubeMogul Inc (NASDAQ:TUBE) Keep an eye on this one, setting up to break this resistance area. Next buy point 15.95 on volume.

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The Rubicon Project Inc (NYSE:RUBI) Momentum has turned bullish and a break above resistance at 18.40 would open the door for a rally to 20.

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: GERN, LL, MEIP, RUBI, TUBE

22:28 | Permalink |

Stocks to keep an eye on April 20, 2015

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Gogo Inc (NASDAQ:GOGO) made a new 52 week high last week spiking up to 22.05 and surpassing the previous high set in March. The stock has had a very strong move from the mid-January low and remains in a strong uptrend on the daily charts. Yesterday's drop on low volume should not be interpreted as the start of a sell-off. Might form a cup and handle pattern here. MACD and A/D both signal positive strength and accumulation. The stock is trading above all major EMAs, also a bullish sign.

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Oncolytics Biotech, Inc. (NASDAQ:ONCY) The stock Friday surged 10% or 7 cents to 76c per share on high volume as the company announced that the U.S. FDA has granted an Orphan Drug Designation for its lead product candidate, REOLYSIN, for the treatment of malignant glioma. From a technical standpoint, the stock seems to have broken a falling wedge pattern, which often precedes reversals. In addition, technical indicator MACD is on the cusp of a bullish crossover showing the stock is heading towards a bull market. The 14-day RSI is also back above 50. Yesterday's good news should push stock prices back up. Im long with an initial target of 93c then 1.10.

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Sonus Networks, Inc. (NASDAQ:SONS) has seen a massive drop in share price and I’m starting to see more evidences on charts, supporting the idea that a bounce here is becoming likely. With the daily momentum indicators showing positive divergences I think a push to $8.90 or better could be in the making. Be patient.

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Rosetta Genomics Ltd. (NASDAQ:ROSG) Price targets are rising again and the stock got two upgrades last week, from Zacks ($13) and Cantor ($5.50), both buy ratings and estimates are on the rise. I expect more in the coming weeks. The stock closed the week above the pivot at $3.84. Further strength cannot be ruled out now.

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Second Sight Medical Products Inc (NASDAQ:EYES) The potential for this company/stock is enormous IMHO. From my point of view, their revolutionary products could create meaningful shareholder value in the next months. The company has a dominant patent portfolio with nearly 300 granted patents and over 150 pending patent applications and has no direct competitors in its niche. From a technical standpoint, the bulls remain in control with price trading above all key EMA's while MACD still in a buy setup. Im long.

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ZIOPHARM Oncology Inc. (NASDAQ:ZIOP) The stock resumed a fresh up move after basing for two weeks and seems poised for a breakout above the 12.20 level. The recent high volume activity along with positive crossover of MACD on the daily charts suggest fresh buying interest in the stock. This will be a stock to watch next week.

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Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) The stock has been trading sideways for the last few weeks and is showing signs of bullishness. The MACD had a positive crossover last week and the RSI remains in buy mode that supports the positive momentum in the stock. Buy signal: When stock breaks $4.79 on volume.

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: ARNA, EYES, GOGO, ONCY, ROSG, SONS, ZIOP

13:14 | Permalink |

Stocks to keep an eye on April 16, 2015

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Shares of Rosetta Genomics Ltd. (NASDAQ:ROSG) skyrocketted 14% with heavy volume to $3.7 per share following a report from Zacks Small Cap Research announcing a price target of $13. They have maintained the BUY rating but raised their price target on the company 30% to $13 per share from previous $10.50 per share due to the acquisition of PersonalizeDx. With daily technical chart showing strength as MACD is above signal and RSI above 50, we could see the stock keep going strong for a while. If momentum continues as I expect tomorrow, I believe there are lot of profits left on the table for investors to capitalize on.

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Sonus Networks, Inc. (NASDAQ:SONS) Stock confirmed today my previous analyse and the bounce looks to have just started. Based on the daily technical chart above, this stock has declined to the point of becoming a good bottom play, at least a 15-20% bounce in my opinion. Today's volume and buying action, seems to support this view.

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DryShips Inc.(NASDAQ:DRYS) Daily technical chart seems to have bottomed for now. The RSI is trying to move up from the bearish zone while the MACD and CMF are showing a positive divergence, signaling that a bounce is likely. DRYS is a risky stock but currently presents an interesting opportunity.

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Second Sight Medical Products Inc (NASDAQ:EYES) keeping my bullish bias despite the volatility. The stock has held support around the short-term EMAs and is displaying a screaming buy divergence on the upside. With 20-day EMA on top over 50-day EMA, MACD above 0 and RSI above 50% level, the stock is currently in a short-term uptrend. Levels to watch $15.60 and then $17.62

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First Solar, Inc. (NASDAQ:FSLR) broke above resistance in today's trading session on solid volume after a period of consolidation. I still like this stock and will be watching it again tomorrow, expecting to see a continuation move.

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BlackBerry Ltd (NASDAQ:BBRY) displayed relative strength today closing above its major EMAs. The stock is regaining momentum with daily MACD back above its signal line and moving up in positive territory. Long setup.

Just a last note. Many thanks for helping AC Investor Blog surpass the 12000 Followers mark on Stocktwits ! I'm going to try to get 11.500 followers on Twitter this month....maybe you guys can help me to achieve my goal. It's great to see that the number of followers are increasing day by day, which hopefully means that some people enjoy my daily stock tips. THANK YOU !!

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, DRYS, EYES, ROSG, SONS

22:58 | Permalink |

AC Investor Blog

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

Thursday, April 30, 2015

Stocks to keep an eye on May 01, 2015

Tuesday, April 28, 2015

Stocks to keep an eye on April 29, 2015

Monday, April 27, 2015

A few setups to watch on April 28, 2015

Saturday, April 25, 2015

Stocks to keep an eye on April 27, 2015

Thursday, April 23, 2015

Stocks to keep an eye on April 24, 2015

Tuesday, April 21, 2015

Stocks to keep an eye on April 22, 2015

Monday, April 20, 2015

Stocks to keep an eye on April 21, 2015

Saturday, April 18, 2015

Stocks to keep an eye on April 20, 2015

Wednesday, April 15, 2015

Stocks to keep an eye on April 16, 2015

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