AC Investor Blog: 08/01/2015

Stocks to Watch for September 01, 2015

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BlackBerry Ltd (NASDAQ:BBRY) showed relative strength today compared to rest of market, which is a very good sign. The daily technical chart shows new rally has begun as %K line has crossed on top of %D line and price broke through the major resistance of $7.50. This new rally should at least push the stock to $8 in nearest term.

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Shares of Lion Biotechnologies Inc (NASDAQ:LBIO) continue to surge. The stock is strong and getting stronger every day it seems. If it can close above $7.50 tomorrow, then expect more upside. Present technical indicators are in favor of Bulls. Im long.

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Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA) I do not like to speculate but it's clear that something will happen soon. After the morning sell-off, the stock has rebounded extremely well accompanied with huge volume, which make me think that there is something going on. Im still playing on the long side, holding my position and waiting for the possible deal.

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Western Digital Corp (NASDAQ:WDC) is showing early signs of reversal. A high volume move through the 82.95 price level would be buyable. The MACD is showing a positive divergence and the RSI is back above the 50 reading forcing me to think the possibility of a trend reversal.

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: ARIA, BBRY, LBIO, WDC

22:30 | Permalink |

Lots of great setups for next week

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Lion Biotechnologies Inc (NASDAQ:LBIO) definitely broke the downtrend channel and closed above the 9 & 13 EMAs for the first time since mid-July. Looking at the daily technical indicators, the momentum oscillators have now turned higher and especially the Slow stochastic indicator has issued a buy signal. Plus, the MACD and CMF show increasing upward momentum on daily chart and rising volume inflow. If momentum continues as I expect next week, there are lot of profits left on the table for traders to capitalize on. The price can move up to $8/8.50 in the short-term. This stock is on High alert for Monday.

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Baytex Energy Corp (NYSE:BTE) finally closed back above the $5 level Friday on strong volume. The stock was trading as high as $17 back in June and it appears that a massive potential bounce could be imminent. The RSI has just reversed off the 20% line and the MACD had a positive crossover. These two momentum indicators along with the rising STO is signalling that smart money has started to re-enter the stock. Plus, there was a steady increase in volume towards the end of the day, leading me to believe this stock is starting to attract some serious attention again. Stay tuned.

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BlackBerry Ltd (NASDAQ:BBRY) With a high short interest ratio (short interest/average daily volume) of around 21.03 (days to cover) this stock is at the perfect price where positive news could send it on a big run. Volume is starting to pick up again and there could be a decent short covering if it clears next week the $7.50 level.

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GoPro Inc (NASDAQ:GPRO) I think the stock may have bottomed and could be poised for a bounce back next week. Looking at the daily technical chart MACD-histogram is sloping up, indicating that the "bears" are losing momentum and RSI has just bounced off the 30 line (extreme oversold territory). If the stock price breaks the $50 level in the next sessions momentum traders are likely to send the stock up to $54.5 (100EMA). Keep it on your watch list going forward.

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Very bullish action on Lifelock (NYSE:LOCK) Friday. The stock made a very significant move in the last trading session closing above its 20-day EMA which could be signs of a bottom for the stock. Supporting this bullish bias are the technical indicators MACD, RSI and Slow Sto all showing buy signal. The stock seems to be forming a potential rounding bottom pattern and its neckline is around 8.60. A close above this area would have positive implications and could drive the stock up to $10-10.64 in the short-term.. Keep the stock on your radar.

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The area comprehended between $9.8 and $10 represents a heavy resistance for shares of Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA). A close above this key resistance area would have positive implications and could drive the stock much higher. Keep the stock on your radar.

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ZIOPHARM Oncology Inc. (NASDAQ:ZIOP) rallied with the market last week but the bounce stalled around the 9-9.30 level, which was a strong support for stock in the past now resistance. Short-term technical indicators are improving and the MACD shows a possible bullish crossover. If the stock can break above this key resistance area, it's worth a trade. ZIOP will move very quickly, so keep a very close eye on the stock.

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: ARIA, BBRY, BTE, GPRO, LBIO, LOCK, ZIOP

08:56 | Permalink |

Stocks to keep an eye on August 27, 2015

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FireEye Inc (NASDAQ:FEYE) has been bouncing nicely off lows. If we break above the 39.07 area tomorrow, we can run to 41 easily. On the daily chart RSI bounced off the 30% line and while %K line has just crossed on top over %D line, which could mean that bullish sentiment is gaining traction.

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Novatel Wireless Inc (NASDAQ:MIFI) made a nice breakout today on volume. $2.89 is the next key level to watch on the upside.

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Forward Industries, Inc. (NASDAQ:FORD) Worth eyeing, poised to breakout. Look at the two big volume days. That is serious accumulation. 1.93 is pretty much the pivot here. If it breaks tomorrow, we could see +$3 quickly.

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Bitauto Hldg Ltd (NYSE:BITA) Flagging here + MACD crossover. Looking to see if stock can get over $27.56 for nice bounce into 30's

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3D Systems Corporation (NYSE:DDD) still on high alert. Insiders are spending thousands of dollars ($615,584 / 47200 shares in August) to boost their stakes in the company. The bullish insider activity should indicate the stock is really worth buying. With a huge short interest any positive news could be a catalyst to move the stock up closer to $16.

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: BITA, DDD, FEYE, Ford, MIFI

22:58 | Permalink |

Stocks to keep an eye on August 24, 2015

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Lifelock Inc (NYSE:LOCK) appears to have broken out of a base formation, spiking above the resistance line. The stock closed Friday up 36c to 8.06 and is setting up for a possible move to the 10 area. A clear break above 8.65 could lead to short covering and potentially a short squeeze. Momentum indicators are bouncing off oversold conditions and CMF is very positive (strong and getting stronger).

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3D Systems Corporation (NYSE:DDD) showed relative strength on high volume Friday compared to rest of market, which is a very good sign. If momentum continues as I expect next week, we could have formed a double bottom formation here. The indicators are showing signs of upward reversal. A rally above the 9EMA can push the stock higher to 14.30 and 15.15 in the medium term. Next supports are at 11.82 and 11.66.

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Juno Lighting (NASDAQ:JUNO) I feel this is a potential bounce candidate if market bounces next week. Note the positive divergences on the MACD Histogram and the CMF.

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Ampio Pharmaceuticals Inc (NYSEMKT:AMPE) Nice Bullish candle Friday on above average volume. It has a gap and 100EMA declining resistance above. At this point and given the current stock levels, it is very important for it to break 3.19 level very soon.

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Net 1 UEPS Technologies Inc (NASDAQ:UEPS) broke out on Friday but was unable to sustain those prices (due to the market conditions) and has moved back within the channel. As long as the price trades above the 20EMA support, its ongoing intermediate uptrend will stay intact.

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Apple Inc. (NASDAQ:AAPL) has a strong support between 104.93 and 103.32 which can not easily be broken IMO however the bias remains bearish in nearest term. Immediate resistance is seen around 107.5. A clear break above that area on a close basis could lead price to neutral zone in nearest term testing 112. The stock is very oversold, so a pullback is on the cards.

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OHR Pharmaceutical Inc (NASDAQ:OHRP) With Soros on the list and with so many catalysts going forward I will keep my shares for the time being. Worth reading "Analysts Bullish on OHR Pharma Amid Positive Study" The strong accumulation in late July has shown funds moving into the company.

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: AAPL, AMPE, DDD, JUNO, LOCK, OHRP, UEPS

10:16 | Permalink |

Stocks to keep an eye on August 20, 2015

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MEI Pharma Inc (NASDAQ:MEIP) The downtrend line resistance has been broken on the daily technical chart. The price can move up to $2.40/44 in the short-term. Indicators are strong and the MACD recently produced a new buy signal. Should breakout hard to upside when it crosses over $2.44 (GAP). Long setup.

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Gogo Inc (NASDAQ:GOGO) looks poised to break out of a falling wedge pattern and MACD is about to climb above the signal line. If it clears resistance the move may be powerful.

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FireEye Inc (NASDAQ:FEYE) has been in a major corrective phase in the recent weeks. The downtrend that commenced in late June appears to have been completed at the latest low of $41.77. The MACD on the daily chart is starting to give a new buy signal and the share price could move to the short-term target of $45.20-$45.84. This view would be valid as long as the stock holds above $41. Place a stop-loss at this level for long positions.

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BlackBerry Ltd (NASDAQ:BBRY) From a technical standpoint, there are some signs of a possible bounce due to the positive divergences of MACD and CMF which often leads to short covering. Let’s see whether the stock can gather enough momentum to break and close above the 20EMA now located at 7.68.

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FreeSeas Inc (NASDAQ:FREE) Looks about ready to run here. Technicals are improving. The price movement in the last couple of days indicates that the stock has formed a short-term bottom around 50c level. The stock needs to break Tuesday’s high of 56c to expect a strong rally at this point.

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, FEYE, FREE, GOGO, MEIP

22:48 | Permalink |

Stocks to keep an eye on August 18, 2015

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American Eagle Outfitters (NYSE:AEO) looks to have consolidated and may be getting ready for another leg higher. Technicals are showing bullish signals supported by the rising MACD and RSI on the daily charts. Long entry is over 18.41

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AK Steel Holding Corporation (NYSE:AKS) closed up today 14 cents or 4.4% to $3.29 and should continue higher tomorrow. I continue to support the idea of a significant rally, probably even above the July highs. The bulls remain in control as long as it continues consolidating its recent move. We still need to see a break above 3.54 or 50EMA to confirm a continuation to the upside with a next target in the $4 area. Only a break back below the $3 would invalidate this bullish outlook.

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Novatel Wireless Inc (NASDAQ:MIFI) is still trading sideways in the short-term. Its technical indicators are showing positive signal and its price bars are trading above the major short-term EMA's. Flagging here. May run higher, keep on watch. Im long.

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Casey's General Stores Inc (NASDAQ:CASY) had a nice move today, as the stock set new 52-week highs. The stock hit a high of $108.14, which is resistance for the follow through move. Charts on all time frames are bullish.

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Juno Therapeutics Inc (NASDAQ:JUNO) appears to be poised for a nice bounce off this bottom. From my point of view, the stock has formed a bottom in short-term and I expect a move past 42.75 to take the stock towards the target of 45 with stop-loss at 39.

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: AEO, AKS, CASY, JUNO, MIFI

22:47 | Permalink |

Stocks to keep an eye on August 17, 2015

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3D Systems Corporation (NYSE:DDD) has been in a two-week bullish flag formation off its sharp rebound rally in the first days of August. A break of the flag pattern to the upside targets a move to the 15.5 to 16 area. The climbing MACD is supporting a bullis trend. From the insider transactions, the Director of the company is very bullish as he purchsed total of 25000 shares in the past week between $13.93 and $14.20 per share. In addition the short interest has decreased by 5% recently. The huge short interest could fuel some big spikes higher soon, so watch for a potential breakout attempt.

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Vringo, Inc. (NASDAQ:VRNG) after a big surge in price and volume in the second half of July, has consolidated for the last two weeks in a bullish flag formation. If a breakout above that key resistance level occurs in the next couple days, we could see the stock next reach the 90-95c area.

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OHR Pharmaceutical Inc (NASDAQ:OHRP) According to the 13-F filed by the billionaire financier George Soros on Friday, he initiated a new position in the company (12100 shares). Although the amount of shares added was relatively small, we dont know if he has been buying more in the recent days, so we should be prepared for a big move on Monday. Historically, the stock has made strong moves upwards on news, past performance is not always a guarantee of future performance, but we could learn from how the stock has reacted in the past. The month of July and the reaction in after-hours was a good example. Hence, I believe the stock has strong potential to experience extreme appreciation in the near-term. Major resistance lies at 4.34

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AK Steel Holding Corporation (NYSE:AKS) I will be watching the stock again next week for a continuation move through Friday’s highs of $3.24. The CMF indicator on chart shows the strength of conviction behind this Bullish trend. Lets keep an eye on it.

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Shares of PrimaBiomed Ltd. (NASDAQ:PBMD) soared 44% or 44 cents to $1.44 per share on Friday's trading session breaking out the downtrend line that has formed since June on heavy volume. The uptrend is strong based upon the MACD reading and the ADX line. The key resistance level to watch next week is at 1.80 above this level could test 2.40 next.

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FibroGen Inc (NASDAQ:FGEN) Nice breakout on high volume. There is a good chance the stock will continue to move up.

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: AKS, DDD, FGEN, OHRP, PBMD, VRNG

20:09 | Permalink |

Stocks to keep an eye on August 12, 2015

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Amarin Corporation plc (ADR) (NASDAQ:AMRN) CEO has acquired 20000 shares yesterday at 2.35, a good sign for the stock. The daily technical chart above shows the stock is on a bull market as the stock is trading above both 50-day and 200-day exp moving average and 50-day EMA is on top of 200-day EMA heading upwards. In addition, the MACD has crossed above the signal line and KD line also show buy signal as %K line crossed on top of %D line. Keep this stock in your radar for a possible breakout above $2.60. Technically Bullish.

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RadiSys Corporation (NASDAQ:RSYS) Volume is starting to increase an indication of a possible bullish break out. The daily technical chart is showing strength as both 50-day and 200-day EMAs are still going upward. Keep an eye for a possible breakout over $3.

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St. Joe Co (NYSE:JOE) Strong bullish candle Tuesday on decent volume, today we need to watch for a follow-through day.

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Vringo, Inc. (NASDAQ:VRNG) closed with a hammer reversal signal at support (50EMA). If it can move back over its 100-day EMA the stock should see some good upside. Im accumulating this stock. This news is very good "China's ZTE refuses to bring exec to U.S., cites arrest fears".

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Twitter Inc (NYSE:TWTR) Reversal Trend (short-term). Momentum is coming back to this name. On radar. I like over $30 for a trade.

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: AMRN, JOE, RSYS, TWTR, VRNG

08:13 | Permalink |

Stocks to keep an eye on August 11, 2015

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RadiSys Corporation (NASDAQ:RSYS) is poised to break out of a cup with handle pattern it's been in since June. A break above 3 would lead to next targets in the 3.65 and then 3.80 area.

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Vringo, Inc. (NASDAQ:VRNG) has been pulling back with lower volume after a big surge in price in July. Might be worth watching for a new move to the upside.

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Intel Corporation (NASDAQ:INTC) breaking out of a descending channel. Low volume but technicals look good.

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RetailMeNot Inc (NASDAQ:SALE) is showing extremely oversold conditions. Looks ready for a short-term bounce.

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: INTC, RSYS, SALE, VRNG

23:32 | Permalink |

AC Investor Blog

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

Monday, August 31, 2015

Stocks to Watch for September 01, 2015

Saturday, August 29, 2015

Lots of great setups for next week

Wednesday, August 26, 2015

Stocks to keep an eye on August 27, 2015

Saturday, August 22, 2015

Stocks to keep an eye on August 24, 2015

Wednesday, August 19, 2015

Stocks to keep an eye on August 20, 2015

Monday, August 17, 2015

Stocks to keep an eye on August 18, 2015

Saturday, August 15, 2015

Stocks to keep an eye on August 17, 2015

Wednesday, August 12, 2015

Stocks to keep an eye on August 12, 2015

Monday, August 10, 2015

Stocks to keep an eye on August 11, 2015

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