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Thursday, February 25, 2016 

Stocks to Watch for February 26, 2016

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Plug Power Inc (NASDAQ:PLUG) broke out of a pennant consolidation pattern to the upside today and is likely headed much higher. I'll be watching the stock on Friday, looking for a follow through move. As long as the stock stay above $1.85, the bullish scenario still intact. Looking at the daily technical chart the stock is trading above all of three major short-term EMAs and the MACD is rising. The short-term uptrend is intact and signals further bullishness on this stock. Further rise is expected to retest the 200-day EMA.

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Teleflex Incorporated (NYSE:TFX) closed at $142.99, an increase by $10.53 or 7.95%. During today's trading session, the stock recorded a new 52-week high at $143.69 with a trading volume of 1.98 million shares. This looks to be a good breakout, so watch the stock very closely over the next few trading sessions.

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Shares of Baytex Energy Corp (NYSE:BTE) are starting to heat up again and are worth watching. If volume can pick up I think the stock price can break through resistance at $2.22 and re-test its declining 50-day EMA.

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If Flextronics International Ltd. (NASDAQ:FLEX) can break out above $10.86 (200EMA) with heavy volume, I think the stock could shoot up to test $11.50 area. There looks to be good upside potential, so watch the stock very closely on Friday.

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Charter Communications, Inc. (NASDAQ:CHTR) Breaks the downtrend line in place since Nov. with a huge candle on the highest volume in almost a month. The stock hit a high of $183.62 for the day, which is resistance for Friday’s follow through move. Keep the stock on your radar since it could make a solid move upwards.

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PTC Therapeutics, Inc. (NASDAQ:PTCT) did make a sharper move upwards during today's market and closed up almost 8% from yesterday's close after rumors that Sanofi SA may bid for the company. In short-term we could see a continuation of the bounce.

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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.

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About Me

  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 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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