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Saturday, July 18, 2015 

Stocks to keep an eye on July 20, 2015

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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.

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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.

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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.

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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.

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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.


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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

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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.

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  • I'm a 41 year old Independent Trader using proprietary technical analysis with more than 18 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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