Stocks to keep an eye on June 10, 2015
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Shares of Etsy Inc (NASDAQ:ETSY) have bounced strongly today after Tiger Global Management LLC bought an equity size of 6.7M shares or 6% of the outstanding shares. I believe there is more upside to this bounce and would recommend keeping your eyes on ETSY tomorrow. If the stock breaks the 50-day EMA (2h chart) on the upside, then Etsy would really take off. The Accumulation/Distribution shows steady increase in accumulation.
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Gevo, Inc. (NASDAQ:GEVO) has held very well considering the market shake and is near a breakout of a Cup and Handle formation. Could be a high flyer on breakout. If the stock breaks the neckline in the coming days, we could see the price reach $5 in a first instance and then find a strong daily resistance around 5.65 (200EMA). As long as the stock stays above the support level of 3.50 and the rising 50-day EMA, the bullish trend remains intact.
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Origin Agritech Ltd. (NASDAQ:SEED) broke out and never stopped all day. There is a good chance the stock will continue to move up. You should use tight stops on your long position.
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Oasis Petroleum Inc. (NYSE:OAS) had a nice surge a few weeks ago and has been consolidating that move since then. Watch for break above consolidation area and go long.
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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Halcon Resources Corp (NYSE:HK) Starting to look strong again. Next buy area when clears the 1.39 level on heavy volume. The MACD has crossed above its signal and reversed its falling trend. RSI is moving up and CMF is now slightly negative.
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: ETSY, GEVO, HK, OAS, SEED
