Stocks to keep an eye on June 04, 2015
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Voltari Corp (NASDAQ:VLTC) starts showing buy signals again. The latest candle is a strong bullish engulfing candle on massive volume and it is most likely that the stock will continue its move up. For now, expect a run up to next major resistance area around $10.8. Support lies around $7
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Shares of Sangamo Biosciences, Inc. (NASDAQ:SGMO) are starting to heat up again and are worth watching. If volume can pick up I believe this stock can break through resistance at $13.94 and re-test its recent highs around $16.
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Thin name but with a nice looking chart. If China Gerui Adv Mtals Grp Ltd (NASDAQ:CHOP) can break out above $2.32 (20EMA) on volume, I think the stock could shoot up to test $3. There looks to be good upside potential, so watch the stock very closely on Thursday.
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China BAK Battery Inc. (NASDAQ:CBAK) is trapped between the 50-day exp moving average and the 200-day exp moving average. I feel a big move is coming within the next few sessions. MACD is about to trigger a buy signal with RSI pointing upwards.
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XOMA Corp (NASDAQ:XOMA) Share price is gathering momentum to the upside and the first objective is at $4.20. The stock has been under accumulation for a couple days now. The volume on accumulation days consistently exceeded the volume on distribution days. That's a very bullish sign. Keep this one in your watchlist.
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: CBAK, CHOP, SGMO, VLTC, XOMA
