Stocks to Watch for December 18, 2015
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Sunedison Inc (NYSE:SUNE) continues to show tremendous strength as it closed today at $6.24 above the 50-day EMA for the first time since July. Thursday’s high of $6.88 is resistance for the next upside move. Upside momentum still intact.
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Whole Foods Market, Inc. (NASDAQ:WFM) Still loving this setup (Cup & Handle bottom). Buy point would be on the day it blows through $34.5 on heavy volume.
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Valero Energy Corporation (NYSE:VLO) had another very productive day as we saw gains of over 2% and I believe it has more room to run. The short-term outlook remains positive for the stock. The stock finds an immediate resistance at 72.70 and support at 70.05 followed by 68.22
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Lion Biotechnologies Inc (NASDAQ:LBIO) has been consolidating nicely since it rose from $6.21 to a high of almost $8.50. To me the stock still looks poised to break higher. Looking at the technical chart above you can see that the money inflow keeps getting higher indicated by the heading up of CMF, which should eventually lead to price increases. I remain bullish on LBIO and would watch for a dip and bounce near 7.42 or a breakout over 8.22 as a potential entry point for new long positions.
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
