AC Investor Blog: 01/01/2016

9 chart setups for the coming week

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Xerox Corp (NYSE:XRX) was up on Friday, after the company released good earnings. The stock was up $.52 on 3x normal daily volume, as it hit a high of $9.89. I will be watching XRX on Monday for a follow through move, using Friday’s high as resistance. The bias is bullish in nearest term. There is a lot of upside room in this stock, so watch it closely.

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Some signs of a reversal on price action mentioned on an earlier post did work out as I expected. The stock had a bullish move on Friday breaking several resistance lines and could eventually rally up to test the declining EMA50 in the next sessions. Checking on the indicators, the MACD is rising above the signal line and the RSI is constructing higher lows and higher highs, both suggesting further upside. Plus, The stock's accumulation/distribution line (A/D) remains in a strong up trend. KBH is displaying upside momentum and is poised to move higher from these levels.

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Cree, Inc. (NASDAQ:CREE) has a very interesting daily technical chart as the stock looks to be ready for a good upside move. CREE traded a good volume on Friday as it closed up $.98 on the day above the $28 level. All inidicators are still in Bullishs areas. Keep an eye for a possible breakout over $28.10 (EMA200).

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Chimerix Inc (NASDAQ:CMRX) On Thursday, BlackRock reported it increased its stake to 6.5%. Institutions and insiders continue to buy/add shares at current levels, which means that sooner or later we should see a reversal up. I continue to hold my position in the stock as I believe there will be more share price appreciation in the coming days. Following the smart money usually pays off. Note: Last week the billionaire Steven Cohen also revealed a 6.4% stake.

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Inovio Pharmaceuticals Inc (NASDAQ:INO) Looks like a V-bounce is underway. The stock surged more than 15 percent Friday accompanied by a strong volume expansion, closing above its EMA100 for the first time since December. The technical chart shows buyers are back. A move towards $7 can be expected as long as $6.12 holds.

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Apollo Education Group Inc (NASDAQ:APOL) is coming up to a big level, as the stock is near the $8 level. I will be watching this stock closely next week as I expect to see a strong move once the stock breaks through resistance. A move past $8.09 would be a strong indicator of a further uptrend in the stock. The technical daily chart show a continuation of the uptrend with MACD and RSI in the Bullish areas. My model remains long, targeting $9 area. Rumors of takeover are emerging again.

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Citigroup Inc (NYSE:C) broke out of a bottom/accumulation pattern. Now we just need to see on Monday a confirmation of the reversal. Indicators are turning up.

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CONSOL Energy Inc. (NYSE:CNX) looks like it is starting to turn. On Friday, the stock price decisively broke through its downtrend-line by gaining nearly 17 per cent accompanied by heavy volume. From technical indicators, I continue to see a confluence of "BUYS", with RSI crossing above 50 and MACD heading up. The stock hit a high of $8.58, which is resistance for Monday’s follow through move.

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BlackBerry Ltd (NASDAQ:BBRY) is in the process of bottoming and I expect a pop above $7.16 at some point in the coming days. All technical indicators are giving some signs of downward exhaustion. The MACD has stabilized and the RSI is trying to turn higher. On Friday the company has received approval from the Toronto Stock Exchange to more than double its existing share buyback program and repurchase up to 5.8 percent of its public float, not good news for short sellers. A strong short-covering rally should emerge sooner or later. Keep it on your watch list going forward.

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: APOL, BBRY, C, CMRX, CNX, CREE, INO, KBH, XRX

11:20 | Permalink |

Stocks to Watch for January 29, 2016

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Facebook Inc (NASDAQ:FB) Looks ready to break out into new high territory. The daily technical chart above shows the stock is on a bull market as it is trading above both EMA50 and EMA200 and the EMA50 is on top of EMA200 heading upwards. The MACD just crossed above signal and the RSI chart is showing some strength in this movement. Watching 110.65 area for a squeeze.

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Intrexon Corp (NYSE:XON) had a strong upward jump yesterday on strong volume which broke over the expected resistance of 27.5 to 28 zone. Watch for a follow through day and consider a stop loss just below the most recent bottoming level around $25. Momentum is picking up with MACD climbing and MFI continues to trend higher. Long setup.

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Under Armour Inc (NYSE:UA) needs to take out the $85 resistance area in order to convince bullish buyers at these levels. The near-term outlook is bullish. I like the stock as a buy on any dip.

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Goldman Sachs Group Inc (NYSE:GS) is displaying a screaming buy divergence on the upside. A close above 158.24 will impart bullishness and will help the stock move to the $162 area. The stock price has been floating around this range (151.5/158) for several trading sessions in a row and I think we could see a sharp move higher from here. All major indicators are in favor of an upward price movement. Long set-up on watch.

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Kinder Morgan Inc (NYSE:KMI) has been slowly gaining traction amid strong buying pressure the last few days. A break through this 15.7 area could accelerate the stock higher.

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Bank of America Corp (NYSE:BAC) is in the process of bottoming and I expect a pop above $13.73 at some point in the coming days. Keep it on watch. Stop 12.92

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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: BAC, FB, GS, KMI, UA, XON

10:17 | Permalink |

Stocks to Watch for January 27, 2016

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BlackBerry Ltd (NASDAQ:BBRY) looks to have built a base and wants to make an upside move. A break and close above $7.15 with power could open the door for a potential V-bounce. Momentum indicators suggest flat move w/ a positive bias for the stock. Watching 7.15 area for a squeeze.

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Semtech Corporation (NASDAQ:SMTC) broke the downtrend channel that it established since December. Looks ready to test the recent highs.

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Kraft Heinz Co (NASDAQ:KHC) broke out and never stopped all day. There is a good chance the stock will continue to move up. If the price can break through $76, we should see it move up to $78.6-79. Looking at the daily technical chart the investor sentiment in stock showed by the RSI continues to improve and MACD is rising in positive territory. On watch.

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Rambus Inc. (NASDAQ:RMBS) looks like the stock is starting to turn back up and indicators are giving the first bullish signs. Looking at the daily technical chart the MACD has just cut above its signal line and the stock has regained its position above the declining EMA100. This is a good stock to watch and once it breaks through $12.16 on a close basis, it should move. Keep this on your watchlist because the overall market sentiment on RMBS is pretty bullish right now.

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Bottomline Technologies (NASDAQ:EPAY) continued its bullish today. The stock price is inching closer and closer to another breakout move. Buying momentum is still positive and strengthening. 31.58 is the level to watch for a breakout. Note: Earnings Jan 28 AMC

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The money seems to be flowing into KB Home (NYSE:KBH) as indicated by the A/D line. With no resistance between $10.82 and $12, a break above the $10.64 level (Friday's high) can see the stock trade in the $11 area pretty soon. The technical indicators are reversing up and are advocating for a technical rebound. Have this on your watchlist.

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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: BBRY, EPAY, KBH, KHC, RMBS, SMTC

23:45 | Permalink |

Chart Setups for Week of January 25th, 2016

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Chimerix Inc (NASDAQ:CMRX) Today I am giving readers a play that I have alerted in the past and had several times double digit gains in one day. I rarely alert the same stock more than once in a short period of time but CMRX is set up so perfectly I can not resist. As you could see by the daily technical chart above, the stock has the potential to witness a significant uptick. In the short-term, it has formed a small bullish flag. Breaking above 9.12 will signal the breakout of this flag formation pushing the stock towards 9.72. With a break of this key resistance point, the chart then enters into Blue Sky Breakout territory (HUGE GAP) and future resistances are not until way above. From a technical standpoint, money flow indicators starting to turn upward and MACD is gaining traction. RSI is also significantly oversold, which suggests a rally could be coming up. Plus, insiders and institutions have been buying. In my opinion and based on the chart, the stock is set for a big move next week. Be sure to get it on your radars. Im long and my stop is located at 7.49.

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KB Home (NYSE:KBH) rebounded on solid volume Friday. Gonna have to watch it carefully on Monday to see if we have hit bottom and should grab some for the ride back up. Daily technical indicators are displaying positive divergences. Slow stochastic is moving up from the oversold zone, suggesting that a bounce might take place and the daily RSI is giving the same signal. Watch the stock closely next week.

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Apple Inc. (NASDAQ:AAPL) had a big pop on Friday and the stock price finally broke out of the descending channel that has been forming since the beginning of the December 2015, which is very bullish. The technical daily chart appears to be bottoming with indicators pointing to short-term reversals. I feel that this stock can easily run to 106's in the near term. Note: Next week the company will report earnings and this technical outlook could change quickly.

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Facebook Inc (NASDAQ:FB) not only broke the descending channel formation on the daily chart, it also managed to reach the $98 zone yesterday. Important to see how this acts over the next few days. The daily technical chart is displaying positive divergences on momentum indicators and with the stock in oversold territory these are the perfect conditions for a short-term rally. The Relative Strenght Index has reversed the course and the daily MACD is starting to curl up, suggesting that a positive crossover could be coming soon. Note: Earnings Jan 27 AMC

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Juniper Networks, Inc. (NYSE:JNPR) has sold off over the past few months but looks to have found a bottom. The stock closed up 48 cents Friday on good volume. Daily MACD also gave a buy signal last week. Let's keep an eye on it as i think momentum will pick up. First upside target of $27

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Macy's, Inc. (NYSE:M) Will continue to watch this stock. Nice gap to fill if it can break through resistance.

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VirnetX Holding Corporation (NYSEMKT:VHC) struggling to breakout. The stock has been under strong accumulation lately and is now working its overbought condition. There is a need for profit taking for some consolidation from these high levels. The short-term outlook remains positive as long as the stock stays above the 9 & 13 EMAs. On watch for a clear of resistance (declining 200EMA).

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Kinder Morgan Inc (NYSE:KMI) had a very bullish move last week breaking several resistance lines with large volume and we should see a continuation move next week. The daily MACD chart is still showing an uptrend with the MACD indicator above its signal line and is indicating further strength. The RSI value is currently above 50% level. The short-term trend is bullish and a move to the 16.5/17.2 range appears likely. On watch.

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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: AAPL, CMRX, FB, JNPR, KBH, KMI, M, VHC

11:13 | Permalink |

Stocks to Watch for January 21, 2016

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Ultragenyx Pharmaceutical Inc (NASDAQ:RARE) We had a strong bullish reversal candle today on volume. It will interesting to see if it can break the $80 level tomorrow. Any close above this immediate resistance will tell us that the short-term trend is now changing to upside. On watch.

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Clovis Oncology Inc (NASDAQ:CLVS) has been in a downtrend channel for the last 2 weeks and has just broken this channel to the upside on solid volume. I feel this is the beginning of a new upside short-term trend, which is why I will be watching the stock again on Thursday. Resistance is $1.75, which was Friday’s high of the day. The price can head towards the 24.5/25 zone. If this zone is surpassed, getting to 26.96 would be a possibility.

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Alcoa Inc (NYSE:AA) we finally broke the downtrend on the hourly. We need a push tomorrow above 6.81 to confirm the breakout. The hourly technical chart is showing a bullish bias. The MACD line is pointing up and RSI is also increasing. On watch.

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Apollo Education Group Inc (NASDAQ:APOL) stock price is showing signs of an upcoming breakout as price action and volume are making some bull signals. MACD is moving up showing positive momentum while RSI line also shows buy signal. Keep an eye for a possible breakout over $7.76 (200EMA)

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I think Vringo, Inc. (NASDAQ:VRNG) remains one to watch considering the recent press release. Hourly technical indicators are showing some signs of strength. At some point it will explode to the upside imho.

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Macy's, Inc. (NYSE:M) looks great on daily charts. The good news, however is that stock is getting closer to a major breakout. Keep a close eye on Macy's tomorrow.

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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: AA, APOL, CLVS, M, RARE, VRNG

22:29 | Permalink |

Stocks to Watch for January 19, 2016

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Wynn Resorts, Limited (NASDAQ:WYNN) Despite the market's sell-off on Friday, the stock closed the session with a 13.34% gain on its heaviest positive trade since October 2. If we could see a V-bounce like we witnessed in October the stock could run towards 68/70 levels which could mean +20% gains. From a technical standpoint, there is a possible double bottom formation evident on the daily chart. Plus, all three technical indicators are showing positive divergences by not falling below their October 2015 lows. The immediate bias is bullish and a break of Friday's high of 59.12 will lead to some big momentum. Keep in mind, Wynn CEO has purchased 1 Million shares between Dec 4 and Dec 8 at prices well above the current levels. On Watch.

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VirnetX Holding Corporation (NYSEMKT:VHC) The stock was a big winner last week on positive news. The company issued a press release on Tuesday saying that its pending patent infringement lawsuit against Apple is scheduled to start on January 25, 2016. I have been featuring this stock on my blog for several months now. It was a stock that no one wanted back and VHC is now seeing strong money flow and buying pressure. After hitting a low of $.1.95 only a few trading days ago, the stock has exploded to the upside . From a technical standpoint, the stock is now looking overbought. A short period of correction or consolidation at current levels will strengthen this rally. But as you know, corrections don't happen because we may want them to happen. Till then, keep your seatbelts fastened and enjoy this fantastic ride. As you can see on the daily chart above, the 4.70/76 area is a strong resistance level that needs to be taken out to see further potential upside. VHC turned into one of the hottest stocks earlier this year and posted some incredible profits for my readers. Vringo, Inc. (NASDAQ:VRNG) is another patent play that you should consider. Hopefully our patience will pay off one day.

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Apollo Education Group Inc (NASDAQ:APOL) was one of the winners on Friday, as the stock closed up $.33 on the day printing a bullish engulfing candle on strong volume. The stock is back near the top of its short-term trading channel and could make a move on Tuesday. Resistance is $7.69, which is the high of this channel. Some indicators are improving but it needs to breakout above the resistance to confirm the change in trend. I suggest you keep this stock on your radar for a long play. At some point I think it will post an impressive rally.

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bluebird bio Inc (NASDAQ:BLUE) The Long-term scenario for BLUE is not encouraging, but we might see some bounce up at this level. The stochastics continued to move down in the oversold zone, but there are some technical indicators showing positive divergences, such as MACD Histogram. The stock has dropped from $106 a share to $42 a share over the course of three months. I think the stock is well over due for a bounce. I started accumulating on Friday.

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Chipotle Mexican Grill, Inc. (NYSE:CMG) volume is starting to come back and with it some positive price movement, which is a good sign for bulls. This positive action suggests the bounce should continue next week, with the next destination being roughly 500. The daily technical indicators have started to improve but remain slightly weak. The MACD indicator is still negative but has crossed above its signal line. The slow sto jumped up from its oversold zone and is above its 50 level. The RSI has risen nicely from the oversold zone and is just below the 50 level (47.35). With the continued growth in interest, the stock should see $500 and better short term. Use the 13EMA as stop.

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Intrexon Corp (NYSE:XON) is coming up to a big level, as the stock is near its declining EMA20. I will be watching this stock closely next week as I expect to see a strong move once the stock breaks through resistance. A move past $27.76 would be a strong indicator of a further bounce higher in the stock. Although the exp moving averages of stock are showing weakness, as the stock is still trading below 20, 50 and 200, there is one technical indicator showing some strength, the stochastics. The stock has chance to start new rally, because %K line has just crossed on top over %D line. The bias is now bullish in nearest term but remains neutral in medium term. On watch.

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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: APOL, BLUE, CMG, VHC, VRNG, WYNN, XON

17:16 | Permalink |

Stocks to Watch for January 15, 2016

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Rovi Corporation (NASDAQ:ROVI) is setting up nicely to break out. Buy point would be on the day it blows through $18.18 on heavy volume. Only a close below the $16.28 level negates the bullish scenario.

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Alcoa Inc (NYSE:AA) has printed its first bullish candle in seven sessions. With RSI in extreme oversold conditions, it is possible we could see a bounce up to its 9EMA at $8

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Natural Health Trends Corp. (NASDAQ:NHTC) There is a lot of volatility on the daily chart but I think the risk of continued downside here is a lot less than the possibility of a sharp oversold rally. Look for a push to $25 and then a possible test of $28 in the coming weeks. The stock remains in very oversold conditions and the upward move could be quick and impressive. On Wednesday, the Company’s Board of Directors has authorized an increase in its previously announced stock repurchase program from $15 million to $70 million, $10 million of which has already been completed. I'm Bullish at this point.

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Chipotle Mexican Grill, Inc. (NYSE:CMG) After being trading in a bearish tone for some time, the stock appears to making a comeback in favor of the bulls. A break above the declining EMA20 could trigger a rally towards 475 resistance and determine overall bias.

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Vringo, Inc. (NASDAQ:VRNG) If it breaks the upper line of this descending channel, it should take the stock to the area 2.32-2.35 area and possibly 2.52-2.65. MACD is forming a positive divergence on the hourly chart that is certaintly a sign that price can go up. On Watch.

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COMSCORE, Inc. (NASDAQ:SCOR) has finally closed above its declining 50EMA and it did so on heavy volume. The MACD indicator has just started to increase and the RSI is also showing positive signs . Stock price is expected to at least rally the next resistance at $44.19 and even go higher to test the next resistance level at $46.21

If you want to contact me for advertising opportunities on blog or twitter, then get in touch via email

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: AA, CMG, NHTC, ROVI, SCOR, VRNG

22:28 | Permalink |

Stocks to Watch for January 12, 2016

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GameStop Corp. (NYSE:GME) seems to have bottomed out and is ready for a decent bounce to 30 levels where next resistance is. We'll have to watch the stock around those levels. If you are long, initial stop-loss should be placed at 27.98

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Sientra Inc (NASDAQ:SIEN) made a strong run in the last hour of the day, closing near the highs at $7.94. The $8.20 level is a huge obstacle for this stock. If the stock can break through this key resistance, I expect to see momentum drive the price higher.

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Digital Realty Trust, Inc. (NYSE:DLR) Broke out to new highs today on solid volume. I think we will see some nice follow through tomorrow.

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Chimerix Inc (NASDAQ:CMRX) I think it has a good chance to run to the $10 level if we see some strength in the markets. From a technical standpoint the MACD Histogram and stochastic oscillator have turned up and RSI is again moving upward.

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Harvard Apparatus Regenerative Tech Inc (NASDAQ:HART) Alert for $2.60 in case this one decides to breakout.

If you want to contact me for advertising opportunities on blog or twitter, then get in touch via email

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: CMRX, DLR, GME, HART, SIEN

22:36 | Permalink |

AC Investor Blog

Seeking to provide independent day trading strategies based on Technical Analysis.

Saturday, January 30, 2016

9 chart setups for the coming week

Friday, January 29, 2016

Stocks to Watch for January 29, 2016

Tuesday, January 26, 2016

Stocks to Watch for January 27, 2016

Saturday, January 23, 2016

Chart Setups for Week of January 25th, 2016

Wednesday, January 20, 2016

Stocks to Watch for January 21, 2016

Sunday, January 17, 2016

Stocks to Watch for January 19, 2016

Thursday, January 14, 2016

Stocks to Watch for January 15, 2016

Monday, January 11, 2016

Stocks to Watch for January 12, 2016

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