Stocks to Watch for November 05, 2015
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MEI Pharma Inc (NASDAQ:MEIP) price has formed a big bullish candle on daily timeframe with volume 10x above average. The heavy buying makes this an interesting situation and one worth watching on Thursday, bought some today. From a technical standpoint, the stock is starting to show some signs of acumulation with high volume on upside days and low on dowside days. I expect this rally to continue which can take prices towards 2.44/2.50 levels as long as 1.80 levels are protected on downside.
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WaferGen Bio-systems, Inc. (NASDAQ:WGBS) broke out of a descending channel formation on relatively higher volume. This stock has a history of huge rallies and does so in relatively short periods of time, so make sure you put it in your watchlist.
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Rambus Inc. (NASDAQ:RMBS) reversal in process. Over 11 ready for a gap fill.
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Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) had an interesting day, as it broke out of a small trading range and closed near the highs.Today’s high was $2.25, which is resistance for the continuation move on Thursday. Beyond that, the daily technical indicators are looking better now for the stock. The MACD is rising and the Chaikin Money Flow is positive showing money is flowing into the stock.
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Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA) Could be flagging here before next move up. At this stage, it's definitely a wait and see, if the resistance will be easily taken out by the bulls. Watch the stock closely.
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Momo Inc (NASDAQ:MOMO) Resistance Breakout. Go long on the break of Wednesday’s high at 14.03
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
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, ARNA, MEIP, MOMO, RMBS, WGBS
