--Financial Tools ---Futures Market---ADD HERE LINK-- OPTION ALERTS --BENZINGA--

« Home | 7 High Momentum Stocks to Watch next Week » | Stocks to Watch for February 18, 2016 » | Stocks to Watch for February 17, 2016 » | Stock chart setups for the week ahead » | Stocks to Watch for February 12, 2016 » | Stocks to Watch for February 11, 2016 » | Stocks to Watch for February 9, 2016 » | Potential Trade Setups for the week ahead » | Stocks to Watch for February 4, 2016 » | Stocks to Watch for February 3, 2016 » 

Monday, February 22, 2016 

Stocks to Watch for February 23, 2016

( click to enlarge )

Second Sight Medical Products Inc (NASDAQ:EYES) broke the ascending triangle pattern on very large volume. Today’s action in the share price leads me to believe that we may see a reversal trend at this level. A move towards $6.40 can be expected as long as $4.98 holds.

( click to enlarge )

Amedica Corporation (NASDAQ:AMDA) broke out of a small consolidation range on Hourly, as the stock closed up 22 cents on decent volume. I will be watching it tomorrow for a continuation of this breakout. The short-term trend is still bullish as the stock is still on top of all EMAs. Other good news, the MACD is perking up and the ADX is moving up. I think the stock has room to go higher. Watch the stock closely on Tuesday.

( click to enlarge )

A move on BlackBerry Ltd (NASDAQ:BBRY) above the declining 50-day EMA could spark a nice short-squeeze. The stock is displaying upside momentum again and is poised to move higher from these levels. Nearest resistance for the stock is at $7.36. If this level is crossed and the stock is able to sustain above this level, then it might go to $8. On the downside, the stock has a strong support at $6.98.

( click to enlarge )

Plug Power Inc (NASDAQ:PLUG) could be getting ready to break out. I'm setting resistance at $1.89, which was the high of Wednesday. If the stock breaks through, the next resistance lies at $2.10. From a technical standpoint, the daily chart looks Bullish with both 9, 13 and 20 daily moving averages going up and MACD on top of 0, RSI in a Bullish area too. Plus, the A/D indicator shows a marked increase in accumulation since mid-January.

( click to enlarge )

Nuance Communications Inc. (NASDAQ:NUAN) nice runner from the buy list on Saturday. Perfect follow through day. The near-term trend is bullish and a move to the 20-20.15 range appears likely.

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: , , , ,

Bookmark and Share

Photobucket Contact

About Me

    Photobucket
  • 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.

  • Benzinga.com supporter

    Stockal supporter

    Benzinga.com supporter



    FREE NEWSLETTER

      Enter your email address:

      Delivered by FeedBurner

      Subscribe my feed :

    Support AC

    • Support AC Investor Blog, Donate with PayPal

    Advertising

      Interested in advertising on AC Investor Blog ? Click Here

    QUOTES

    RECOMMENDED



    TRANSLATOR

    Site Information

    Stock Market Blogroll

    Friends BLOGROLL

    ARCHIVES

Powered by Blogger
and Blogger Templates


Add to Google