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Saturday, May 16, 2015 

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

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  • I'm a 41 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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