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
As you know the stock market is not for beginners. It takes years of skill, experience, foresight and intense determination to succeed. However, there are some tools on the web that can give the newbies a small advantage, by getting the latest news and alerts in real-time. Benzinga Pro is the answer for you. It’s a streaming platform with all the information you need to invest better today. They provide timely and actionable trade ideas that help users navigate even the most uncertain and volatile markets to make accurate investment decisions. From breakouts, analyst ratings, earnings calendar, economic indicators, option alerts of unusual volume, Benzinga is definitely the leading full-service, one-stop shop for investors/traders of all stripes and styles. They are really good. I know this text is a little bit long, but it's just my testimonial. START NOW FOR $1
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
