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Tuesday, November 03, 2015 

Stocks to Watch for November 04, 2015

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Lion Biotechnologies Inc (NASDAQ:LBIO) broke out of an ascending triangle formation to the upside and through the 50-day EMA on decent volume, putting a target of 8.50 in play. The daily technical indicators are improving. The MACD is now above zero line and giving a buy signal. The RSI is also above its neutrality area at 59 and the accumulation/distribution line is rising. It appears that the smart money is about to dive into the long side as the technicals indicate that the stock is poised to move higher, possibly a lot higher due to the high short interest in the stock. Keep the stock in your radar. I like this stock a lot.

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BlackBerry Ltd (NASDAQ:BBRY) After consolidating between the 7.45 resistance and the 6.96 support for over three weeks, the stock finally broke out from its consolidation and marked a new month's high of 7.77. On the technical side, the chart looks very good. The stock broke through $7.55 resistance and closed above its 100-day EMA. The price can easily move up to 8.16-8.34

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Micron Technology, Inc. (NASDAQ:MU) broke out of a nice base formation today on increasing volume, which is suggesting that we could see some follow through on this move to the upside. The stock is expected to find its first resistance at 18.81, and a rise through could take it to the next resistance level of 19.30.

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Twitter Inc (NYSE:TWTR) has entered into a consolidation phase after rising very fast in the past few weeks. The bias remains bullish in nearest term. Immediate resistance remains at 31.11. Break above that level could trigger further bullish momentum towards 32 area. Initial support remains at 27.50. You may have noticed that I am starting to buy again.

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Plug Power Inc (NASDAQ:PLUG) chart is in breakout mode. The stock traded heavy volume today as it hit a high of $2.96. This high is resistance for Wednesday’s continuation move. If the stock can break through this level, I expect to see another strong upside move to $3.18 and better.

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Ambarella Inc (NASDAQ:AMBA) broke out and continued higher. The stock looks good to move higher from here.First target is at $65.63 (50EMA).

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.

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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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