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Monday, May 11, 2015 

Stocks to keep an eye on May 12, 2015

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XOMA Corp (NASDAQ:XOMA) has already recouped its recent losses and looks poised to break resistance at $3.99. The near-term outlook stays cautious till the stock closes conclusively above this zone. So far the technical daily chart is still showing buy signal with stock trading above all short-term EMAs with MACD on top of signal line and RSI above its 50% level. In addition, we are seing some serious upside volume coming into this stock over the last few days. Short-term traders can hold their longs with a stop at $3.45

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BlackBerry Ltd (NASDAQ:BBRY) finished the session with a gain of 58 cents, or 5.92%, on higher-than-average volume, closing near the session high. This is a clear indication that current momentum could continue in the next few trading days toward the 11-11.2 area. Watch BBRY trade tomorrow since the stock has solid fundamentals and technicals suggesting that share prices could be continue on an upwards path, especially in the near-term.

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Cyberark Software Ltd (NASDAQ:CYBR) may test key support (50EMA) in the low $60s. The short-term exponential moving averages are starting to turn down and we are close to getting a bearish cross. In addition, the MACD is displaying a negative divergence and RSI is slipping in the neutral.

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Oclaro, Inc. (NASDAQ:OCLR) continues to hold the 100 and 200-day EMAs which is very bullish. I expect the stock to test the $2 level soon. A close over this level would be bullish and I'd expect the stock to run to $2.20.

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Cerus Corporation (NASDAQ:CERS) broke out above the 4.70 resistance level on decent volume today. I like the idea of getting long here with a stop below the 50-day EMA.


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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