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
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
