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Saturday, September 12, 2015 

Seven stocks that deserve your attention next week

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Second Sight Medical Products Inc (NASDAQ:EYES) is forming an ascending triangle bottom pattern with the neckline resistance near 9.99 and has measured move to 11.80 then 12.71. The technical indicators such as RSI, CMF and MACD are showing buying pressure. Following this technical chart it's predictable that next week the stock price will break to the upside. With the short interest at 25.28% and the short ratio at 9.1 (days to cover) there is a likelihood of a short squeeze in case of a breakout. I went long on Friday ( I mentioned on twitter).

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Vital Therapies Inc (NASDAQ:VTL) broke out of the short-term descending channel on the daily chart upon news that an insider bought 14,000 shares. This is an encouraging news as it has been one of the weakest performing in the biotech sector. The short-term momentum indicators are moving into a more favourable position now with the stochastic bouncing back from the extreme oversold levels and the trend indicator MACD has also triggered a new buy signal. Next week we could see an initial move up to 3.91, which is the 9-day EMA. The consensus analyst price target is $12.00.

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Sunedison Inc (NYSE:SUNE) pulled back after reaching the 20-day EMA at the beginning of last week. Based on the last candle on the daily chart (Hammer) the pullback might be over. If the stock can break through Friday's high of $11.36, it can resume the upside and advance up to the 12.21/76 price zone.

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Facebook Inc (NASDAQ:FB) I continue to believe that a strong close above $92.10 area w/ volume is needed to pave the way for a rally towards the stock's previous peak at $96.10. Traders with short-term perspective can buy the stock in declines with stop at $90.22 (9EMA). Long-term investors can hold the stock with deeper stop at $86.50.

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Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) had a significant bullish momentum on Friday, made a strong break out of a base and closed above its 13-day EMA for the first time since July as you can see on my daily chart above, which is very bullish. The stock is again setting up for a potential swing trade. From a technical standpoint, MACD and RSI have turned up. Next resistance is located at $2.91 then 3.20

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Shares of BlackBerry Ltd (NASDAQ:BBRY) had a nice surge a few weeks ago and has been in the process of consolidating. The stock is displaying upside momentum again and is poised to move higher from these levels IMHO. It seems to be consolidating in a complex bull flag formation, over 7.60 has measured move to 8.50.....curiosities: The short volume ratio declined sharply on Friday....hits the lower level in more than 3 years. In my opinion, there is massive short-covering going on ahead of ERs.

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GoPro Inc (NASDAQ:GPRO) is extremely oversold and ready for a technical rise IMO. It is hilarious how much this stock has fallen without a justified reason. What makes the stock compelling is that PEG is now at 0.87, which means the company is undervalued compared to its growth rate. I'll be watching this stock closely for an entry point. We could see a huge bounce 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

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  • I'm a 43 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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