Stocks to Watch for November 18, 2015
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I have been following Groupon Inc (NASDAQ:GRPN) for a few days now and surprisingly the stock showed some strength today. A break of $2.81 (9EMA) with force might give room to $3
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ZIOPHARM Oncology Inc. (NASDAQ:ZIOP) The Nov $14 calls saw some activity, suggesting someone is getting aggressive in the expectation of higher prices. If the stock holds the rising 20-day EMA on a close basis, it should setup for a nice rebound into the 13.75/14 zone. On watch.
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VirnetX Holding Corporation (NYSEMKT:VHC) Possible double bottom forming on daily? The time will tell. However at this point, a bounce off this key area would trigger a bullish entry with the stock price likely to move into the $3.40 level. On watch.
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Micron Technology, Inc. (NASDAQ:MU) appears to be poised for a nice bounce off this bottom. In my view, the stock has formed a bottom in short-term and I expect a move past 15.93 to take the stock towards the target of 16.74 with stop-loss at 14.62. The stock seems to be undervalued at current levels.
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8x8, Inc. (NASDAQ:EGHT) Broke out to a new all-time high today, accompained by a strong volume suggesting higher levels. The stock hit a high of $11.72 which is now resistance for Wednesday’s follow through move.
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Viacom, Inc. (NASDAQ:VIAB) looks to have consolidated and may be getting ready for another leg higher. Long entry is over 52.47
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: EGHT, GRPN, MU, VHC, VIAB, ZIOP
