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Wednesday, December 02, 2015 

Stocks to Watch for December 03, 2015

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VirnetX Holding Corporation (NYSEMKT:VHC) The daily technical chart is displaying a screaming buy divergence on the upside. Expect an initial run up to $3.45 with a break higher moving to the $4 zone. Momentum picking up with MACD climbing and RSI rising. In the past 3 months there were 7 insider purchases from insiders that should indicate the stock is really worth buying. Existing insider activity combined with a high short ratio (39 days to cover 12M shares), may be the perfect catalyst needed to spark a short-squeeze buying explosion here. Lets keep an eye on it.

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Tetraphase Pharmaceuticals Inc (NASDAQ:TTPH) price is forming a potential cup-and-handle bottom formation on daily chart. Momentum indicators are bullish with the RSI inching away above the middle level and with the MACD crossing above zero. Any close above $12.85 could lead to a substantial gain in shares. This stock should be on your watchlist.

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SolarCity Corp (NASDAQ:SCTY) As you can see on the daily technical chart above, stock has clearly been showing relative strength in the last couple trade sessions. If it breaks the key resistance line of 34.65, it should easily go to next price resistance around 38. The momentum indicators are also not overbought on daily, implying scope for further upsides. On watch.

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Straight Path Communications Inc (NYSEMKT:STRP) Despite the bearish market action today, the stock performed well. I think current levels offer a great chance to play a rebound in shares. The stock closed at $11.86 above the 9EMA. MACD is perking up and RSI just crossed its 35% level. I think it has room to go higher. Over 12.5, next stop 13.18 then the run to $14.5. Worth watching going forward.

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TerraForm Power Inc (NASDAQ:TERP) good relative strength compared to the market today. Key resistance is located at $9.89, a break above this level will confirm a new bullish trend and the following uptrend will take price up to $13 zone.

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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