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
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, APOL, CLVS, M, RARE, VRNG
