AC Investor Blog: 07/01/2015

Here are a few setups to watch next week on the long side - I will be on vacations

Dearest Readers,

First, I would like to thank you for your cooperation and support during these last few months of the year, with a high increase of followers on the blog and a great increase in the number of followers on twitter that has almost reached 13000 followers. Then, announce that in the next two weeks I will be on vacation and will not be back to update the blog until the 12 August. But before I leave you , I have placed some charts with potential ideas for next week. Thank you and happy holidays.

( click to enlarge )

Pacific Biosciences of California (NASDAQ:PACB) Will it break the 200-day EMA next week or retrace down retest support ? If it breaks this key resistance line with huge volume, that's a good entry opportunity. Although MACD is at negative region, a bullish crossover has been formed. Resistance 5.90 Imediate support 5.55 then 5.42. Watch closely for an entry opportunity.

( click to enlarge )

Chanticleer Holdings Inc (NASDAQ:HOTR) Thin name. Will it break up this resistant level? It is showing a small bullish flag just under the 50-day EMA with a 2.73 buy point. With good trading volume, the stock could be poised to trade higher to test its next level of resistence around 3.15.

( click to enlarge )

Amedica Corporation (NASDAQ:AMDA) broke out of a symmetrical triangle chart pattern to the upside on Friday, which is very bullish. Watch for a good follow through day. First target is the 88c area, and beyond that the 1.10 area. Stop 64c

( click to enlarge )

Caesarstone Sdot-Yam Ltd (NASDAQ:CSTE) is flagging just above the 66 breakout area after a steep rise from the 55 level in April. A break of this Bullish pattern could move the stock to test its all-time high just above the $70 level.

( click to enlarge )

On Friday, IAMGOLD Corp (NYSE:IAG) formed a reversal candlestick. Most probably, this technical rebound will push the price up to 1.70 area (previous support, now resistance).

( click to enlarge )

OHR Pharmaceutical Inc (NASDAQ:OHRP) I will keep my long position intact. On the technical side, the stock has been pulling back on low volume to test the breakout zone around the 2.9-3 area. If this zone is respected next week, I expect that the next rebound will push price up to $5. Money flow has been very solid over the past days and the accumulation/distribution continues to be bullish, we just might be on our way to higher prices IMHO.

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: AMDA, CSTE, HOTR, IAG, OHRP, PACB

08:29 | Permalink |

Stocks to keep an eye on July 23, 2015

( click to enlarge )

Superconductor Technologies, Inc. (NASDAQ:SCON) has been under accumulation for a couple days now. Look at the 3 big volume days. That's serious accumulation.The daily technical chart shows a very bullish sign as the stock is back on top of 50 day exp moving average. For now, expect a run up to next resistance area around $1.65. If the stock is able to cross it and sustain above it, then it might go to $1.73 ( 200EMA ). Support lies around $1.11.

( click to enlarge )

Second Sight Medical Products Inc (NASDAQ:EYES) closed above the key resistance level of $14.11 (20EMA), signifying that a new short-term uptrend is in place. Further rise is expected to follow to retest $15.28 high. Near term support is now located at $13.47, as long as this level holds, I'd expect the uptrend to continue. In a report issued today, H.C. Wainwright analyst Amit Dayal reiterated a Buy rating on stock and a $21.00 price target.

( click to enlarge )

Shares of ITT Educational Services, Inc. (NYSE:ESI) are starting to heat up and are worth watching. If volume can pick up I think this stock can break through resistance at $5.15 and re-test its recent highs around $6.62.

( click to enlarge )

If Juno Therapeutics Inc (NASDAQ:JUNO) can break out above $55 with heavy volume, I think the stock could shoot up to test the $60 area. There looks to be good upside potential, so watch the stock very closely on Thursday.

( click to enlarge )

Keep an eye on Plug Power Inc (NASDAQ:PLUG) and monitor its volume, MACD and RSI for any potential breakouts. If the stock can manage a close above its psychological resistance level at $2.52 (50EMA) on high volume, it would be a great buying opportunity. Over the past month, Plug Power Inc (NASDAQ:PLUG) saw its short interest decrease by 2%.

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: ESI, EYES, JUNO, PLUG, SCON

22:12 | Permalink |

Stocks to keep an eye on July 21, 2015

( click to enlarge )

Merge Healthcare Inc. (NASDAQ:MRGE) broke out of a consolidation pattern on heavy volume and could eventually rally up to test its recent high. Short-term technical indicators are strong. If the stock can break today’s high of $5.19, we should see a strong follow through move. Next major resistance level lies around $6

( click to enlarge )

Baxter International Inc (NYSE:BAX) Potential breakout play. Watching 37.83 area for a range break.

( click to enlarge )

GoPro Inc (NASDAQ:GPRO) jumped 7.3% today finishing the session near the highs of the day on high volume, suggesting buyers are stepping in. The move puts this stock in high probability of a breakout above key resistance in the 61.2 area. If the stock breaks today's high, the momentum could move stock to the $70 area.

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: BAX, GPRO, MRGE

22:11 | Permalink |

Stocks to keep an eye on July 20, 2015

( click to enlarge )

Keep a close eye on Genetic Technologies Limited (NASDAQ:GENE) next week since I expect volume and price to increase beyond Friday's market. The stock showed solid accumulation all day and what looks like a rebound that could take shares to higher levels. In fact, the positive sentiment generated the highest volume over the past 2 months. Technically speaking, GENE has been increasing on higher volume which is very bullish. In the past, this stock has been able to significantly witness growth in market valuation, following this type of trading activity that has been seen recently. In my opinion the momentum is back. A break above $3.60/3.75 area (where it is now) could attract more aggressive traders and would take the stock back to highs not seen since April around 5-6. This stock should be placed at the top of your radar Monday morning as we could see it blast right through its key resistance and give us some rock solid gains. Stay tuned.

( click to enlarge )

Micron Technology, Inc. (NASDAQ:MU) has started gaining buying traction at lower value. It has recovered 16% from 52-week low of 17.14 made recently on increased volume. Further gains are expected next week. The bulls are stepping in as you can see by the uptrending of the Accumulation/Distribution indicator. Will Continue to watch this stock. Nice gap to fill if it can break through resistance.

( click to enlarge )

Mosaic Co (NYSE:MOS) is trading at $45.26 and I believe this could be the perfect time to take a close look at this stock. With heavy volume at the end of last week, after The Wall Street Journal reported CF Industries Holdings is “in advanced talks for a merger deal with Dutch counterpart” OCI N.V. it looks to me that stock is ready for a big bounce. The M&A activity could intensify now due to the strong dollar. If you examine the technical daily chart above, you will see where I highlighted some positive divergences that could propel it higher. Watch for a break of 46 and another push upwards.

( click to enlarge )

Expedia Inc (NASDAQ:EXPE) over the last 2 months has been consolidating its big run-up from mid-February to the end of May. In the last 2 weeks the stock has run-up towards resistance in the 112 area. A move above this key resistance zone on volume would confirm the breakout and could lead to 115 initially and then 120, my secondary target. Stop loss would be 101.75 (100EMA). The trend indicator MACD has triggered a short-term BUY signal. On watch.

( click to enlarge )

Ambarella Inc (NASDAQ:AMBA) is picking up momentum and could make a good upside very soon. The trend indicator MACD has triggered a fresh buy signal as it curved upward and crossed above its signal line. I expect prices to see a short-term rally to test 120 levels. Setting up a possible resistance breakout trade. Long over 111.50 on volume.

( click to enlarge )

Plug Power Inc (NASDAQ:PLUG) Keep a close eye on this one next week. The stock price is showing signs of a bounce and next level of resistance according to this daily technical chart above is at 2.40. The Daily MACD is also showing a bullish cross, indicating that this push higher may be the start of something much bigger to come. You need to watch this closely because it could break resistance.

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: AMBA, EXPE, GENE, MOS, MU, PLUG

21:44 | Permalink |

Stocks to keep an eye on July 17, 2015

( click to enlarge )

Micron Technology, Inc. (NASDAQ:MU) I'm accumulating long positions again in the range of 19.25-19.50 levels for an immediate target of 21 levels. With the stock price showing signs of bounce back, I believe that a short covering rally a short covering rally may be near. Watching action closely up here.

( click to enlarge )

Asterias Biotherapeutics Inc (NYSEMKT:AST) broke out of a rounding bottom pattern and the volume spiked along with strong move, sign that a new trend could be in play. The bullish break out of the neckline gives an upside target of 6.5 and higher. From the daily technical chart, MACD, RSI and KD both signal positive strength.

( click to enlarge )

Career Education Corp. (NASDAQ:CECO) Wants to breakout. 3.51 is short-term resistance. Technical chart speaks for itself (positive divergences) and unusual Aug $4 call options lately. Looks like a bounce is on cards.

( click to enlarge )

Seres Therapeutics Inc (NASDAQ:MCRB) showed a lot of strength again on Thursday. The stock has broken out above a consolidation pattern and looks to me like it wants to test the highs at 51.40. The intermediate consolidation formation and the subsequent breakout has opened up the next short-term upside. Long setup.

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: AST, CECO, MCRB, MU

22:08 | Permalink |

Stocks to keep an eye on July 16, 2015

( click to enlarge )

OHR Pharmaceutical Inc (NASDAQ:OHRP) strong enough to say and the "Bulls" are back. The stock finished the day up 26.61% on huge volume of over 18 million of shares exchanging hands on the day. Great volume and a 26.6% gain on the day makes the stock a clear and easy winner. Looking at the daily technical chart above I’m extremely confident that the gains will continue and the 200-day EMA is the next target. The stock appears to be under strong accumulation. The MACD momentum has turned positive and A/D is on a strong uptrend which when combined with the strengthening MACD could spell a strong move for the stock. Stay tuned.

( click to enlarge )

ITT Educational Services, Inc. (NYSE:ESI) traded nicely today and I am looking for continuation of the upward direction tomorrow. This stock is a short squeeze candidate, with a short float at 65% equivalent to 9 days of average volume. From a technical standpoint, the daily technical chart shows that the stock is in a rally as %K line is rising on top of %D line as the price is back above the short-term EMAs. The MACD is turning up. The RSI is also rising along with the rise in volumes, which indicates buying interest in the stock. In addition, the stock seems to have broken out on the upside from a falling wedge pattern and probably might target its 100-day EMA in short-term around $5.25 or so. Can get interesting. Keep close eye on this one for a major rally to the upside.

( click to enlarge )

SanDisk Corporation (NASDAQ:SNDK) The technical indicator MACD is starting to look like it may cross very soon, which indicates momentum is shifting towards the upside. Keep this on your watchlist. Im long.

( click to enlarge )

I have been watching Career Education Corp. (NASDAQ:CECO) over the past few days, waiting for a possible upside move. The stock seems to have found a strong support at present levels. The technical indicators are improving significantly. The slow stochastic has moved above the 29% level and MACD signal line crossed over to the upside. CECO could have good upside potential, so watch the stock closely.

( click to enlarge )

Prima Biomed Ltd. (NASDAQ:PBMD) looks about ready to pop here! The price needs to break today's high of $1.64 to expect a strong rally at this point.

( click to enlarge )

BlackBerry Ltd (NASDAQ:BBRY) As you know, I like this stock for a long-term hold. It's part of my portfolio and I intend to stay with it. Calling the bottom is always difficult, but based on the daily technical chart above we might have seen the bottom. It's noteworthy that the MACD has finally crossed over and %K line has just crossed on top over %D line showing buy signal. Resistance stays at $8, which is a big area that the stock needs to break. Watch BBRY again on Thursday, and once it breaks resistance we should see a strong upside move. You should keep this stock on your screen radar.

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. Click here START NOW FOR $1 (First Month)

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: BBRY, CECO, ESI, OHRP, PBMD, SNDK

22:45 | Permalink |

Stocks to keep an eye on July 14, 2015

( click to enlarge )

OHR Pharmaceutical Inc (NASDAQ:OHRP) 67% real gains today, more to come this week based on the daily technical chart. The stock broke out into the gap area with Massive volume today and I expect a continuation of the move tomorrow. The MACD is curling up and the accumulation line is moving higher. Nice gap to fill. PS: Brean Capital analyst Jonathan Aschoff reiterated a Buy rating on the stock with a price target of $34. The technical chart above indicates that OHRP is ready for a huge bounce.

( click to enlarge )

Kite Pharma Inc (NASDAQ:KITE) broke through that critical 66.50 level today on solid volume. The uptrend is intact and signals further bullishness on this stock. The stock hit a high of $69.99, which is resistance for Tuesday’s move. If the stock can break through resistance, we should see a follow through move. Watch the stock closely tomorrow.

( click to enlarge )

Voltari Corp (NASDAQ:VLTC) ended Monday's trading session at 6.74, advancing 41% with the stock attracting 5.7 million shares. The stock shows signs of bottoming out with the recent up move from its 4-month low. The stock has also moved back from oversold zone and closed above all its EMAs for the first time since early June. There is a high probability for a trend continuation in the next sessions, as the stock could test the next key resistance level in the 7.50 area.

( click to enlarge )

Activision Blizzard, Inc. (NASDAQ:ATVI) is again setting up for a potential swing trade. Breakout point at 26.09

( click to enlarge )

Google Inc (NASDAQ:GOOG) broke through a key resistance level today accompanied with high volume today, so keep an eye on it to see if tomorrow will confirm the intraday breakout.

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: ATVI, GOOG, KITE, OHRP, VLTC

22:03 | Permalink |

Stocks to keep an eye on July 13, 2015

( click to enlarge )

Career Education Corp. (NASDAQ:CECO) got a nice boost during the session on Friday, as the stock gained more than 2% for the day on decent volume. I saw unusual options activity in the August $4 calls. The surge in call options activity could signal bullish sentiment. Plus, some technical indicators are also turning up. MFI is trending upwards (Positive money flow) and MACD Histogram is sloping up (pos divergence), indicating that the bears are losing momentum. A breakout and hold above the 3.35 resistance level next week will take the stock towards the next target of $4.

( click to enlarge )

Rambus Inc. (NASDAQ:RMBS) has been in a steep correction over the past few weeks that has shaved off 15% of its value. Daily technical chart shows oversold readings on short-time frames, probably indicating a short-term rebound. At this point, my focus remains on the bullish reversal scenario showed by the last white candle. If it breaks this steep descending trendline on strong volume, then I'm in.

( click to enlarge )

Facebook Inc (NASDAQ:FB) broke out to the upside of the flag formation, closing above $87 level. Because of this, I feel that this stock is ready to go towards its next target of $90 level. On the downside, 85/86 would act as strong support if correction is seen.

( click to enlarge )

XOMA Corp (NASDAQ:XOMA) broke out of a bullish horizontal resistance line Thursday on a large increase in volume. This bullish breakout suggests more medium-term upside. Although the MACD indicator suggests that the medium-term uptrend momentum is still intact, which favors a stable and sustainable move, there could still be a near-term pullback next week as the RSI is near overbought levels once again. As such, there could be a retest of the breakout zone which would serve as a confirmation. But for now, this stock looks like a nice potential play for an aggressive trader.

( click to enlarge )

Virgin America Inc (NASDAQ:VA) closed the week back over their 50-day EMA on solid volume. For further continuation of the uptrend price should break and close above Friday’s high heading toward next possible resistance level at 29.70

( click to enlarge )

ITT Educational Services, Inc. (NYSE:ESI) has been trading in a high volatility period, making Higher highs and Higher lows. Judging from the slow stochastic oscillator, we could see renewed run-up next week.

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: CECO, ESI, FB, RMBS, VA, XOMA

18:17 | Permalink |

Stocks to keep an eye on July 10, 2015

( click to enlarge )

Apollo Education Group Inc (NASDAQ:APOL) Nice candle today on decent volume. Nice gap to fill if it can break through resistance. The RSI bounced off oversold level. Long setup on watch.

( click to enlarge )

XOMA Corp (NASDAQ:XOMA) broke out above its major resistance line on expanding volume. This momentum could push this stock much higher from here. Next resistance is now seen at $5

( click to enlarge )

Acura Pharmaceuticals, Inc. (NASDAQ:ACUR) closed up on Thursday and should continue higher on Friday. Sabby Management has reported a 7.9% stake in the company. The major resistance resides around the $1 price region. Only a close above this level would suggest further upside.

( click to enlarge )

Gannett Co., Inc. In a 13D filing Carl Icahn disclosed a 6.5% stake in the company. Strong rally on volume today. I think the stock could try and take a trip to $13.3 or so if volume comes in. The technical indicators on the 30m chart are looking bullish.

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: ACUR, APOL, GCI, XOMA

22:33 | Permalink |

Stocks to keep an eye on July 08, 2015

( click to enlarge )

J C Penney Company Inc (NYSE:JCP) finished the session at the highest close in more than two months on robust volume. The price also broke out from a key resistance level during today's session in which it consolidated over the last few weeks. I expect continuation of momentum and a move toward the 9.40-9.50 range.

( click to enlarge )

Sohu com Inc (NASDAQ:SOHU) I'm looking for a bounce here after so many down days. Daily indicators have hit very oversold conditions, levels from which rallies normally emerge. On watch.

( click to enlarge )

Chesapeake Energy Corporation (NYSE:CHK) posted a very strong bullish reversal candle on high volume and could signal a reversal of the price decline. Watch for continuation.

( click to enlarge )

Plug Power Inc (NASDAQ:PLUG) made a nice upside reversal in a weak market today after the company reaffirmed its FY15 financial targets. Looking at the technical daily chart the near-term outlook is positive. Let’s see whether the stock can gather enough momentum to break through $2.62 (today's high) Only a close above this level would suggest further upside.

( click to enlarge )

United States Steel Corporation (NYSE:X) has had a rough time over the past sessions, but today’s bounce could be the first move to recovery. I'm using $21.25 as resistance for this upside move. If the stock can break through this level we should see a reversal of this down trend.

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: CHK, JCP, PLUG, SOHU, X

22:34 | Permalink |

AC Investor Blog

Seeking to provide independent day trading strategies based on Technical Analysis.

Saturday, July 25, 2015

Here are a few setups to watch next week on the long side - I will be on vacations

Wednesday, July 22, 2015

Stocks to keep an eye on July 23, 2015

Monday, July 20, 2015

Stocks to keep an eye on July 21, 2015

Saturday, July 18, 2015

Stocks to keep an eye on July 20, 2015

Thursday, July 16, 2015

Stocks to keep an eye on July 17, 2015

Wednesday, July 15, 2015

Stocks to keep an eye on July 16, 2015

Monday, July 13, 2015

Stocks to keep an eye on July 14, 2015

Saturday, July 11, 2015

Stocks to keep an eye on July 13, 2015

Thursday, July 09, 2015

Stocks to keep an eye on July 10, 2015

Tuesday, July 07, 2015

Stocks to keep an eye on July 08, 2015

About Me

FREE NEWSLETTER

Support AC

Follow me

Advertising

PREVIOUS POSTS

TRANSLATOR

Site Information

Stock Market Blogroll

Friends BLOGROLL

ARCHIVES