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Tuesday, February 02, 2016 

Stocks to Watch for February 3, 2016

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Intrexon Corp (NYSE:XON) has just confirmed the breakout of the downtrend line that has been in place since August last year. The recent increase in trading volume and the rising OBV suggests buyers are accumulating the stock. If the Bulls are able to push through the 32.75 level, there will be a strong rally towards $36. I'm currently accumulating the stock.

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Universal Display Corporation (NASDAQ:OLED) is a stock that could head higher from Monday's close. The stock is flagging just above the EMA50 and I expect a pop above $50 at some point in the coming days/weeks. From a technical standpoint, the MACD indicator remains contained by a consolidation, however the RSI is beginning to move up.

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Cree, Inc. (NASDAQ:CREE) looks right on the verge of a breakout. If the stock clears resistance the move may be powerful. At this moment, there is a clear battle between bulls and bears, as the trading today ended again with an impasse. On Watch.

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Equinix Inc (NASDAQ:EQIX) looks strong enough to move forward. A breakout above $315.5 would constitute a technical entry point for the short-term trader, looking for a quick trade.

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Axcelis Technologies Inc (NASDAQ:ACLS) is on my watch list. The stock price can potentially set-up well for a swing-trade, if it breaks through the key resistance level at 2.69 (EMA200).

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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