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Wednesday, June 24, 2015 

Stocks to keep an eye on June 24, 2015

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J C Penney Company Inc (NYSE:JCP) had another very productive day as we saw gains of over 3 percent and I believe it has more room to run. Technically speaking, the stock broke the downtrend line off the $9.50 high on solid volume. Daily technical indicators are giving Bullish signals. The MACD crossed above its signal line in negative zone and the RSI is back above its 50 line and points north. The July $9 call options have been active. You want to keep this stock on your screen for Wednesday’s trading.

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Genworth Financial Inc (NYSE:GNW) The stock is setting up to break out and has one more level to go, which is $8.12. Daily technical indicators are in bullish zones. The MACD has formed a bullish rounding bottom and crossed above its signal line. RSI is showing good upward momentum by crossing above its 50 line to enter into the Bullish zone. Watch the stock closely today and once it breaks $8.12, get ready to jump in.....

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I'm keeping Vascular Biogenics Ltd (NASDAQ:VBLT) on the list for a possible move today. The stock has been strong, which leads me to believe that there is a buyer and we could see another strong up move soon. Daily technical indicators are pointing to a breakout. For investors who are interested in VBLT could watch for the breakout at $6.44 since the breach of this critical resistance is a sign of reversal from a down trend. Currently prices are supported by 50 & 100 EMAs. The stock has plenty of room to run.

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Bioline RX Ltd (NASDAQ:BLRX) looks a nice long candidate. Extremely bullish moves on BLRX are taking place over the last session’s. Yesterday, the stock jumped seven percent with good volume. MACD still giving buy signal and is currently above the 0 line. This momentum could push this stock much higher from here, so keep it on the radar. The next major resistance is located at $2.45. Existing holders may remain invested with a stop loss at $2.07 (9EMA).

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Lion Biotechnologies Inc (NASDAQ:LBIO) With its support around the $9 levels, yesterday candle proved that this support is holding nicely and that a bounce is about to take place. Daily technical indicators are showing some nascent signs of bullishness. If we reclaim the $10 level and hold, i expect a rapid move toward 10.5 area.

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Unusual high volume detected on shares of Speed Commerce Inc (NASDAQ:SPDC) Tuesday. The stock will face short-term resistance at 38c. Once this level is crossed with good volumes, the stock can go to 46c then 51c.

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Voltari Corp (NASDAQ:VLTC) There are several indications I see which suggest a near-term bottom, including large positive divergences on CMF, RSI and MACD. A break above 7.05 on a close basis should be seen as a serious threat for the stock to test the $9 levels again. Until that happens traders will want to be on high-alert to the possibility of a bullish reversal. Keep VLTC on your screen for Wednesday’s trading session.

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.


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About Me

  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 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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