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Saturday, December 19, 2015 

Watch list for the week ahead - The Christmas week HO HO HO

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BlackBerry Ltd (NASDAQ:BBRY) Despite the market selloff on Friday, the stock closed the week above the 200-day EMA on higher-than-average volume, after the company reported a smaller quarterly loss of just three cents on revenues of $557M in its fiscal third quarter. The break of this resistance 19 months ago (June 2014) triggered a strong bullish signal and generated a massive move upward. A clear break and consistent movement above the Friday's high of 9.09 next week, could trigger further bullish pressure testing the 10/10.5 area. From a technical standpoint, daily indicators are in bullish zones. The MACD is moving above its signal line in positive territory and the RSI indicator is moving above its 50% level. Slow stochastic is also rising above its 50% level. All short/medium EMAs are rising and the stock is now above all major EMAs. Long setup.

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3D Systems Corporation (NYSE:DDD) rose most of the week, closing the week above the 50-day moving average for the first time since October. The stock has posted an impressive four day rally and continues to garner investor interest. Daily technical indicators have turned bullish. MACD is negative but is about to cross over its zero line, while momentum indicators crossed their midlines to the upside, supporting further advances. The bullish volume trend suggests buyers are accumulating stock. It could initiate a sharp rally, back to $12. As long as the stock can remain above the rising 20-day EMA, I like the stock.

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What a rally for GoPro Inc (NASDAQ:GPRO) late in the day. We have to believe that this rally will resume in earnest on Monday. A break above the $20 level would give the stock momentum for a run to test the declining 50-day EMA. From a technical standpoint, the MACD is moving up showing positive momentum while RSI also show bullish movement. Plus, A/D line is moving up, it means the stock is being accumulated.

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I continue to watch Clovis Oncology Inc (NASDAQ:CLVS). The volume is still large so it could potentially try to break out again at any moment. On the daily technical chart, we can see a few things going on here. First, the The MACD continues to trend higher above its signal line. Also, RSI is indicating a potential trend reversal to the upside. Last, and definitely not least, the MFI remains above the 50 centre line. The stock look way oversold and has a big gap to fill upward. You should keep this stock on your screen radar.

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Keep Vringo, Inc. (NASDAQ:VRNG) on your watch list. A break of 2.80 with force might give the stock room to $3.90. The stock is getting some buying and looks poised to post some nice gains if the buying volume persists. A lot of technicals (MACD & ADX) are saying VRNG is about to take off. Plus, recent insider activity has been Bullish. Continue to keep this stock on your radar.

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With the Rambus Inc. (NASDAQ:RMBS) holding above its 9,13 & 20 EMAs, I expect further upside. The stock may expect some resistence at $11.98 per share, the 100-day EMA. The three daily technical indicators, MACD, RSI & ADX are neutral to bullish signalling that sideways to higher prices are possible near term.

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Sunedison Inc (NYSE:SUNE) has been in a strong uptrend since mid-November and it does not looks like this trend will change soon. The volume is still large so it could potentially break out again at any moment. Breakout watch over 6.88

If you want to contact me for advertising opportunities on blog or twitter, then get in touch via email antonio.mrcosta at gmail dot com

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 41 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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