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Tuesday, February 23, 2016 

Stocks to Watch for February 24, 2016

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WisdomTree Investments, Inc. (NASDAQ:WETF) is developing an Inverted Head and Shoulders formation on the daily chart, which many traders consider a bullish reversal pattern. We need to breakthrough the neckline located at 12.17, before this pattern is complete. This could be a big clue as to where direction heads next. I would not be surprised to see the neckline to be broken soon. There are several short and mid term technical indications suggesting that the stock could make a move to higher levels. The MACD continues to show positive divergence to the price and the RSI is near the 50% level. On insider's transcation, the CEO has acquired 200,000 shares lately, a very good sign for the stock. Stops should be set in the 11 area.

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Vringo, Inc. (NASDAQ:VRNG) This daily technical chart does not need much commentary. Look at the three big volume days, that is serious accumulation. The stock could be making another move to $3 and we could see a break there. Keep this stock on watch.

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Second Sight Medical Products Inc (NASDAQ:EYES) had a strong follow through day which signals the stock wants to go higher. This was my alert from $5.10. Next major resistance lies arouns 7.50.

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Amedica Corporation (NASDAQ:AMDA) Broke up and is now forming potential bull flag on Hourly. Todays close confirms a trend change from neutral to Bullish.

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ZIOPHARM Oncology Inc. (NASDAQ:ZIOP) continued to show strength with another gain on strong volume. Today's rally put shares above the declining 50-day EMA, which is a very bullish sign. The technical chart looks very bullish with a short-term target of $8.25.

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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 41 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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