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Thursday, February 11, 2016 

Stocks to Watch for February 12, 2016

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Shares of Celldex Therapeutics, Inc. (NASDAQ:CLDX) closed the day gaining more than four percentage points on solid volume. The stock has dropped from $16.65 a share to $6.25 a share over the course of just two months. There are some signs of a possible bounce at this point due to oversold indicators and some positive divergences, which often leads to short covering. 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. I feel that this stock can easily run to 8.5's in the near term.

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ZIOPHARM Oncology Inc. (NASDAQ:ZIOP) looks poised for a break to the upside. A minor resistance is expected at 5.65 (20EMA) but if that resistance fails, the further gains towards $5.99 will be expected. Technical indicators are looking neutral to bullish. The RSI is moving up and above its 40 level. The daily MACD continues to trade above its sginal line but in the negative territory and the CMF is now positive, which means there is some money flowing into the stock. Overall my short-term view remains neutral till a decisive break above $5.65 takes place.

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Intrexon Corp (NYSE:XON) has been pulling back on low volume while the Chaikin Money Flow continues to rise, signaling accumulation. I would not be surprised to see it test the $36 level again in the coming days.

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Relypsa Inc (NASDAQ:RLYP) has sold off over the past few weeks but looks to have found a bottom. The stock closed up $1.42 Thursday on good volume. Daily MACD also gave a buy signal today. Let's keep an eye on it as i think momentum will pick up. First upside target of $19

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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

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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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