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Tuesday, November 24, 2015 

Stocks to Watch for November 25, 2015

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Clovis Oncology Inc (NASDAQ:CLVS) seems to have bottomed out and is ready for a decent bounce to 32-35 levels where it faces some resistance. We'll have to watch the stock around those levels. If you are long, initial stoploss should be placed at 25. Let's keep an eye on CLVS as i think momentum will pick up.

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Nice day for Acacia Research Corp (NASDAQ:ACTG) today. I alerted this one on Twitter as a possible bounce play and the stock did what it was supposed to do, closing up 22 cents or 4% on the day trading more than 690K shares. The stock hit a high of $5.51, which is resistance for Wednsday’s move. ACTG showed strength throughout the day and should continue this upside move. If the stock can break through 5.58, I expect to see a strong upside move to $6.5 and better. On Watch.

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Straight Path Communications Inc (NYSEMKT:STRP) is showing signs of bottoming out on the charts along with the MACD giving positive signals. The stock has just broke a potential falling wedge pattern which is usually bullish. A move past 10.44 could see a bounce till 12.50

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BlackBerry Ltd (NASDAQ:BBRY) I think the most important level to watch at this point is the 200-day EMA now at $8.25. If this zone is surpassed, getting to $10 would be a possibility. From a technical standpoint the daily chart shows the stock is now back to new rally as %K line is back above %D line while the MACD is moving up showing positive momentum. The high short interest could cause shares to experience a rapid rally if it breaks the 200EMA. Long setup on watch.

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Sunedison Inc (NYSE:SUNE) Strong bounce on heavy volume. The stock opened today`s session at $3.40 and intra-day was ranging at 3.14-4.25 ending the session with a strong gain of 37%. This could be the start of a nice rebound. The current rally should at least push the stock to 5.17 per share where the next resistance is. Stay tuned.

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Prima BioMed Ltd (NASDAQ:PBMD) was a big winner today as the stock ended up $1.23 on the day. I will be watching the stock on Wednesday for a continuation move through Tuesday’s highs of $1.27. Although this trend is encouraging the near-term outlook stays cautious till the stock closes conclusively above 1.35 on heavy volume.

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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