Stocks to Watch for February 17, 2016
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Nantkwest Inc (NASDAQ:NK) seems to be a promising stock to follow in the coming sessions. ZNGA had a large spread and large volume today successfully breaking the downtrend that has been in place since mid-January. Also worth noting is the price which is now above the declining 9EMA. This denotes strength for the stock. If you paid attention to Friday's alert on twitter and got into Nantkwest at the opening bell, congratulations !!! The level of the daily technical indicators does suggest the short-term bounce should continue for a bit longer. If it can get back over 8.14 look for a move to resistance at 9.16 and then to 10.
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Ciena Corporation (NYSE:CIEN) the $19.50 area is a critical resistance region that can determine overall bias for the stock in short-term. Bulls are now attacking the 50-day EMA, a break above could trigger a rally towards 20 resistance. Keep an eye on these levels.
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Nice tweeted under 5.50 last week. ZIOPHARM Oncology Inc. (NASDAQ:ZIOP) closed strong today above the 20-day EMA for the first time since December. This momentum could push this stock much higher from here. Next resistance is now seen at 6.29 then 6.80.
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Freeport-McMoRan Inc (NYSE:FCX) was able to get up through the key resistance level and sustained the move. This could be the start of a new trend higher. Watch the stock closely tomorrow.
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AK Steel Holding Corporation (NYSE:AKS) is on the verge of a possible technical breakout. The stock closed slightly below the 100-day EMA on the daily chart. A breakout above this key EMA is a signal that there is a potential long-term trend change taking place.
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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: AKS, CIEN, FCX, NK, ZIOP
