AC Investor Blog: 05/01/2015

Stocks to keep an eye on June 01, 2015

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The daily technical chart pattern of ZIOPHARM Oncology Inc. (NASDAQ:ZIOP) has been consolidating within a falling wedge pattern that has bullish implications. A breakout is needed to end this large consolidation and resume the uptrend. At this point Im inclined to mark a key resistance zone around 10-10.2. A move above this area, would break the upper trendline and the resistance zone. If a breakout occurs, we could see an acceleration of the bullish momentum and move toward the 11.50-12.13 area. Daily technical indicators are looking bullish, MACD and RSI are showing upward momentum. On watch.

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ITT Educational Services, Inc.(NYSE:ESI) surged 81% on Friday on one of the heaviest volume sessions this year, with 11.7 million shares traded. That is nearly 11x the average. Let's keep things simple as always! Could history repeat itself ? After looking at this daily technical chart and reviewing the price action, I came to the conclusion that we could see a surge like the one on the chart from mid-October of 2014. The small float and the high short interest could fuel another massive spike higher once the 50-day EMA is taken out to the upside. RSI has lot of room and MACD is crossing up.

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Celladon Corp (NASDAQ:CLDN) The rally in the price has broken the downtrend line on Friday, which is a buy signal. The stock could see now a significant bounce from this level. On the technical side, MACD and Slow Sto all point to upward trend while RSI is trying to break above its 30% level, passing into neutral territory. Plus, the stock broke through its 9-day EMA for the first time since April and should continue to move. CLDN has a lot of upside potential, so watch it closely on Monday.

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Sprint Corp (NYSE:S) is showing signs of a potential upside recovery. Daily MACD has stabilized and is about to cross over its signal line. A crossover would be nice and bullish. The June $5 call options have been active. Next week watch the resistance at 4.77. A close above will be bullish and may test 4.88/4.95.

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Microsoft Corporation (NASDAQ:MSFT) has been consolidating in a bullish pennant over the last five weeks. Play the break of the pattern.

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Achillion Pharmaceuticals, Inc. (NASDAQ:ACHN) has gained momentum recently and the stock rebounded about 10% in the past couple of trading sessions on increased volume. On Friday, the stock closed near its critical breakout point of $10, which may be broken out next week. Looking at the daily technical chart the MACD momentum is rising and RSI is on a strong uptrend, which when combined with the strengthening MACD could spell a strong move for the stock. If it crosses the $10 level, the stock has potential to gain 10-12%.

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CTI BioPharma Corp (NASDAQ:CTIC) could be in the early stages of a technical breakout. Technicals are showing bullish signals supported by rising MACD, ADX and RSI on the daily charts. For now, expect a run up to next resistance area around $2. If the stock is able to cross it and sustain above it, then it might go to $2.40. Keep it on your watch list going forward.

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I continue to support the idea of a significant rally on shares of Oasis Petroleum Inc. (NYSE:OAS), probably even above the February highs. The bulls remain in control as long as it continues consolidating its recent move. We still need to see a break and close above 17.83 or 100EMA to confirm a continuation to the upside with a next target in the 20 area. Only a break back below the 15 would invalidate this bullish outlook.

Have a fantastic 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: ACHN, CLDN, CTIC, ESI, MSFT, OAS, S, ZIOP

08:53 | Permalink |

Stocks to keep an eye on May 28, 2015

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FibroGen Inc (NASDAQ:FGEN) broke out of the bottom base formation accompanied by strong volume. This could be the start of a nice bounce and the extreme oversold conditions will also help. As i said on twitter, i went long. Watch for a continuation move tomorrow. If it breaks above 19.19 (9EMA), it could reach an initial target of 20.04 and then a secondary target at 21

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Himax Technologies, Inc. (NASDAQ:HIMX) finished near its highs and has closed again above the 50-day exponential moving average. So, tomorrow keep an eye on the stock for a possible breakout over $6.70 on a close basis.

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ACADIA Pharmaceuticals Inc. (NASDAQ:ACAD) On radar. I like over 40.99 for a trade. 13EMA is support.

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Agenus Inc (NASDAQ:AGEN) Strong move today on solid volume. Traders should watch for a potential breakout over 8. The MACD is positive and above its rising signal line. A breakout above the key resistance could take the stock much higher as the daily chart shows little resistance.

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Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA) Basing here. Over $9.25 would be buy trigger. As long as the stock holds above the 50-day EMA support line the short-term picture should remain positive.

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: ACAD, AGEN, ARIA, FGEN, HIMX

22:45 | Permalink |

Stocks to keep an eye on May 27, 2015

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Michael Kors Holdings Ltd (NYSE:KORS) I'm seeing on daily technical chart a potential falling wedge pattern with a positive divergence on MACD, and they often break to the upside. A close above 62 should be enough to trigger a rally towards the 65 level. Keep the stock on your radar.

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Telenav Inc (NASDAQ:TNAV) Trying to break resistance again. Worth keeping an eye on, may need to build some energy. Resistance for tomorrow is $9.39, which was today's high then 9.66

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Vipshop Holdings Ltd (NYSE:VIPS) Rallied hard Tuesday on solid volume. If it clears back over 27.02 (50-day EMA), may have some good upside.

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MannKind Corporation (NASDAQ:MNKD) over 4.94 like it to test the 100-day EMA level.

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Galena Biopharma Inc (NASDAQ:GALE) Nice move today on decent volume. Traders should watch for a potential breakout over 1.47

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: GALE, KORS, MNKD, TNAV, VIPS

22:48 | Permalink |

Stocks to keep an eye on May 26, 2015

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Second Sight Medical Products Inc (NASDAQ:EYES) The stock closed on Friday above its major EMAs with high volumes gaining 10% over its previous close indicating accumulation of the stock at current levels. The stock appears positive on daily charts and may move up to 15 once it breaks above previous pivot high. The technical indicator ADX is showing a sign of strength, with the +DI line above the -DI line. Further, the RSI is turning up from its support level, while the MACD is showing signs of bottoming. I will watch the stock price next week and add more above Friday’s high.

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Rambus Inc. (NASDAQ:RMBS) has an interesting daily technical chart and could have another bigger move soon. The break of the next key horizontal resistance line with heavy volume should be the next buy point. If price clears resistance at $14.58, the next move may be powerful. The outlook for stock remains positive supported by the major EMAs and momentum indicators. Strong support for the stock exists at 14.08.

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Shares of Bitauto Hldg Ltd (NYSE:BITA) have room for a significant uptick beyond these levels. Volume starts to pick up again. A move above $65.77 could trigger a sharp move higher. Long set-up on watch.

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Apple Inc. (NASDAQ:AAPL) may be setting up to make new highs next week. Next buy area is when the stock clears 133.98 on heavy volume. From a technical standpoint momentum indicators are in bullish zones. The daily MACD is moving above its signal line in positive territory, while RSI is moving up above its 50% level. All major EMAs are rising and the stock is trading above them. For now the bulls remain in control.

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Chesapeake Energy Corporation (NYSE:CHK) should be at the top of your radar screen next week. The 50-day EMA has been proved to be a strong resistance. More times the resistance has been tested, there is good chance for breaking above that point. Technically speaking, I feel that there is a possibility for CHK to go beyond $15.41 next week. Carl Icahn has steadily increased his stake in this name.

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EnteroMedics Inc (NASDAQ:ETRM) good relative strength compared to the sector on Friday. Key resistance is located at $1.22, a break above this level will confirm a new bullish trend and the following uptrend will take price up to $1.50 zone. Momentum indicators are starting to move from negative to positive, which may mean the beginning of another rally. I think its worth adding to your watchlist. Im long.

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I have been following KaloBios Pharmaceuticals Inc (NASDAQ:KBIO) for a few days now and surprisingly the stock showed some strength last week. The volume is starting to come back again and with it some positive price movement. Plus, momentum indicators are also flashing bullish signals, with MACD climbing and ADX rising. Look for a quick run to 62c then on to 71c.

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Himax Technologies, Inc. (NASDAQ:HIMX) is finally stepping up after weeks of frustration. The price is building momentum and broke yesterday the downtrend line that it established since January on high volumes with 7.05 as the first upside objective.

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XOMA Corp (NASDAQ:XOMA) A break through the top of this trading range could lead initially to 3.70, the recent high. The daily MACD is also diverging positively, suggesting a recover is just ahead. Further, we have seen strong call activity in this name over the past few weeks.

Have a fantastic Holiday 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: AAPL, BITA, CHK, ETRM, EYES, HIMX, KBIO, RMBS, XOMA

10:59 | Permalink |

Stocks to keep an eye on May 22, 2015

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Shares of GlaxoSmithKline plc (NYSE:GSK) are starting to heat up and are worth watching. If volume can pick up, I believe this stock can break through next resistance at $46 and re-test its March highs around $48. Daily technical chart shows some bullish signals as RSI is now going up and the MACD just crossed above the signal line.

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Enzon Pharmaceuticals Inc (NASDAQ:ENZN) closed today at $1.22 on solid volume. The stock was trading as high as $1.88 in April and it appears that a massive potential bounce could be imminent. The MACD Histogram is displaying a positive divergence and RSI is starting to trend upwards. There was a steady increase in vlm towards the end of the day, leading me to believe this stock is starting to attract some serious attention. On watch.

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BlackBerry Ltd (NASDAQ:BBRY) After the market close, the company announced a buyback plan for its shares (2.6% of the float). With a short interest of around over 17% and a nice setup it looks like many of shorts will start to feel some pain. Technical indicators are looking bullish. The RSI is moving up and above its 50 level. The daily MACD continues to trade in the positive zone and the ADX is also turning up.

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Very bullish action on Ibio Inc (NYSEMKT:IBIO) today. The stock made a very significant move on high volume which could be signs of a bottom here. First resistance is seen at today's high of $1.09 and then at 1.12. On watch.

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Himax Technologies, Inc. (NASDAQ:HIMX) Although the stock price did not perform well today, the daily technical chart is still showing positive momentum. Nearest resistance for the stock is at $6.52. If this level is crossed and the stock is able to sustain above this level, then it might go to $7

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, ENZN, GSK, HIMX, IBIO

22:29 | Permalink |

Stocks to keep an eye on May 21, 2015

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Himax Technologies, Inc. (NASDAQ:HIMX) gained 4% to 83 cents per share after analysts at Rosenblatt Securities upgraded their rating to BUY with a PT of $9. From a technical standpoint the stock is trying to break the downtrend line visible on the chart above (yellow mark). If it breaks this key resistance level, bulls may expect it to run toward $7. With MACD rising and %K line on top of %D line, the major rally of the stock may be finally coming. Im long.

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MELA Sciences Inc (NASDAQ:MELA) The stock closed the day at $1.62 on decent volume and looks poised to post more gains heading into the weekend. I expect this stock to trade above $2 in the near term after today's strong close above the 20-day EMA. Keep it on your watch list.

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MEI Pharma Inc (NASDAQ:MEIP) The daily technical chart shows a stock that is right on the cusp of a breakout. If price can break through its 20-day exp moving average, then I think 2.44 level could be well within reach. Nice slow steady accumulation in last days, MFI rising. Keep it on your watch list.

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Congratulations to those who took a chance on IsoRay, Inc. (NYSEMKT:ISR) in PM after my tweet alert. This stock skyrocketted 93% on heavy volumn to $3.12 per share following the announcement that its IsoRay's Cesium-131 lung cancer treatment reported a 96% success in local control and a 100 percent survival at 5 years in high risk patients in a newly published report. I'd keep a close eye on this stock Thursday morning and I would expect some follow through buying along with some profit taking. On watch.

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Prana Biotechnology Limited (NASDAQ:PRAN) hit my scanner today with some impressive volume and closed up 14%. I expect some follow through on Thursday.

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J C Penney Company Inc (NYSE:JCP) good relative strength compared to the sector. Long set-up on watch. Lets see if it breaks over $9 this week.

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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: HIMX, ISR, JCP, MEIP, MELA, PRAN

22:33 | Permalink |

Stocks to keep an eye on May 20, 2015

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Twitter Inc (NYSE:TWTR) has found a bottom around $36.5 and wants to reverse to the upside. There is resistance between 37.86 and 38.12. If the price can close above $38 level this week, we might see some short covering. Short term momentum indicators, like MACD, RSI, Stochastics are substantially oversold and showing technical signs of a reversal. Let's keep an eye on TWTR as i think momentum will pick up.

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Plug Power Inc (NASDAQ:PLUG) is back on the list for Wednesday’s trading session. The stock took off on Tuesday, as buyers jumped in to drive it to a high of $2.80 on the day. PLUG traded heavy volume and I expect a continuation move on Wednesday. Resistance reflects Tuesday’s high. Technically, the stock has broken all short-term resistances and appears strong. OBV is beginning to turn around which suggests the stock is no longer being sold off. I suspect the price may continue to appreciate over the coming days.

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CyrusOne Inc (NASDAQ:CONE) has had a nice run over the past trading sessions. At this stage, we can see the stock testing its recent highs at 32.81. Technical indicators are looking bullish as MACD and RSI are turning up.

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Mentor Graphics Corp (NASDAQ:MENT) is displaying upside momentum and is poised to move higher from these levels. Keep an eye for a possible breakout over 25.43

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EXACT Sciences Corporation (NASDAQ:EXAS) cleared resistance on expanding volume and looks ready to extend its gains. Keep on watch list.

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: CONE, EXAS, MENT, PLUG, TWTR

22:22 | Permalink |

Stocks to keep an eye on May 18, 2015

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J C Penney Company Inc (NYSE:JCP) dropped below its pivot 8.21 (100EMA) on Thursday as it had a low of $8.02, but then closed the week back above the pivot and the daily technical indicators have also turned higher, suggesting that the stock could have some more gains ahead. It has been trading in a clear ascending channel over the past four months, with support now located at 8 and resistance around 9.92. Bullish trend.

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Oneok Partners LP (NYSE:OKS) The daily technical chart looks positive and the stock finished the week back above the 50EMA at 40.60. If 42.37 can be taken out next week, then we are probably in for a run towards 43. OKS has attracted a lot of call activit on Friday 4x avg volume, I believe this is the start of a new uptrend.

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Sphere 3D Corp. (NASDAQ:ANY) continued its bullish bias on Friday, closing the session with a gain of nearly 9% at $3.84. The bias is bullish in nearest term testing 4.12 or higher especially if price able to make a clear break and daily close above 4.06. My outlook remains Bullish. Sphere 3D Corp. on Apr. 23 announced that in collaboration with Microsoft will showcase its technologies and product solutions during a joint global partner roadshow that will be hosted at multiple Microsoft Technology Center locations. Next week could get very interesting. They have confirmed the schedule for the events at the Microsoft Technology Center in Silicon Valley/Mt. View, CA on May 20, 2015, and in New York on May 27, 2015. If momentum continues as I expect next wk, I believe there are lot of profits left on the table for traders to capitalize on.

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Second Sight Medical Products Inc (NASDAQ:EYES) had a moderate bearish momentum yesterday but overall still able to maintain its bullish bias. The daily technical chart cleared resistance and has successfully back tested the breakout line on Friday. Technical indicators are clearly pointing North at the moment. My short/medium term outlook remains Bullish.

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Apple Inc. (NASDAQ:AAPL) was indecisive on Friday. Price attempted to push lower but found support around 128. Neutral bias for the week ahead but overall I still prefer a bullish scenario with 132.4 / 133.2 as nearest targets. All three technical indicators are looking bullish. The RSI is above its 50% level. The MACD is positive, and above its signal line. The slow stochastic is below its 50% level, but turning up.

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WidePoint Corporation (NYSEMKT:WYY) has the perfect set up to make a nice run here. The break out point would be at 1.56.

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: AAPL, ANY, EYES, JCP, OKS, WYY

08:30 | Permalink |

Stocks to keep an eye on May 15, 2015

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Second Sight Medical Products Inc (NASDAQ:EYES) finally broke the upper line of this falling wedge displayed on the daily technical chart and started the new uptrend which should take it to $15 in the short-term. On the technical side, MACD and ADX all point to upward trend while RSI is also rising.

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Andersons Inc (NASDAQ:ANDE) I went long again today at 45.06 avg. Price has had a hard time with this key resistance line (EMA100) but may be ready to move higher. According to Reuters, Richardson International is believed to be interested in Andersons. Check this out : Canada grain handler Richardson targets U.S. acquisitions. Keep it on your screen on Friday.

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Owens Corning (NYSE:OC) displayed some relative strength today. It may be ready to break out of this small flag consolidation. Trajectories of momentum indicators are turning up again.

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BlackBerry Ltd (NASDAQ:BBRY) is building a nice optimistic formation under resistance at $10.50. Watch for a break through that price level on volume to indicate that another push higher will occur.

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Apple Inc. (NASDAQ:AAPL) is quietly gaining momentum. Thursday's action suggested that there is more room for the uptrend to grow on stock. A sustained break of $130 should bring the stock price to a test of the recent highs in the $134 area.

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: AAPL, ANDE, BBRY, EYES, OC

22:32 | Permalink |

AC Investor Blog

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

Saturday, May 30, 2015

Stocks to keep an eye on June 01, 2015

Wednesday, May 27, 2015

Stocks to keep an eye on May 28, 2015

Tuesday, May 26, 2015

Stocks to keep an eye on May 27, 2015

Saturday, May 23, 2015

Stocks to keep an eye on May 26, 2015

Thursday, May 21, 2015

Stocks to keep an eye on May 22, 2015

Wednesday, May 20, 2015

Stocks to keep an eye on May 21, 2015

Tuesday, May 19, 2015

Stocks to keep an eye on May 20, 2015

Saturday, May 16, 2015

Stocks to keep an eye on May 18, 2015

Thursday, May 14, 2015

Stocks to keep an eye on May 15, 2015

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