AC Investor Blog: 03/01/2016

Stocks to Watch for April 01, 2016

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Medivation Inc (NASDAQ:MDVN) looks strong enough to move forward. The stock broke up through the resistance at $42.75 (Declining 200EMA) on huge volume of over 16 Million shares. At this stage, further rally is still possible in next several days. The breakout signals a continuation of the prior advance. Bulls have the near-term technical advantage and gained fresh upside momentum today. Next resistance levels to watch are $48.8 and $52. The stock has the potential for a strong follow through, so watch it closely on Friday.

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Bank of America Corp (NYSE:BAC) had a bit of indecision on today's trading session and may be moving lower tomorrow. It's too early to say but the daily technical chart is displaying some bearish divergences on both the MACD and Slow Sto indicating that this stock could reverse course. The short-term uptrend line should be used as stop-loss.

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I'm still watching shares of PTC Therapeutics, Inc. (NASDAQ:PTCT) due to the recent price action, volume, and momentum. Despite the general market's weakness, the stock made an impressive turnaround and rallied almost 6% to close the day at $6.44. If the stock closes above $6.70, you could see a big turnaround in this stock.

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Infoblox Inc (NYSE:BLOX) remains high on my radar due to the recent run up on volume. The technical chart is still showing buy signal with stock trading above 20,50,100-day exp moving averages and MACD on top of 0. Keep an eye for a possible breakout over $17.30.

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Commscope Holding Company Inc (NASDAQ:COMM) The daily technical indicators are displaying good signs. Watching for a breakout soon.

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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

Labels: BAC, BLOX, COMM, MDVN, PTCT

22:10 | Permalink |

Stocks to Watch for March 30, 2016

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Relypsa Inc (NASDAQ:RLYP) gained 7.34% to 95 cents per share after Brean Capital analyst Difei Yang has started coverage with a Buy rating and $26 PT, which represent a potential upside of 80% from current levels. From a technical standpoint, the stock broke the downtrend line from the December highs on relative high volume and could eventually rally up to test its 50-day EMA in the next sessions. In addition, MACD indicates positive momentum, while RSI is also gaining strength. With a 40% of float short, the stock looks poised to post more gains heading into the weekend. Keep it on your watch list.

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Activision Blizzard, Inc. (NASDAQ:ATVI) cleared resistance on expanding volume and looks ready to extend its gains. Keep on watch list.

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Tableau Software Inc (NYSE:DATA) is back on the list for Wednesday’s trading session. Nice bullish candle on high volume today. Looks like higher prices to come. Resistance reflects Tuesday’s high.

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Plug Power Inc (NASDAQ:PLUG) made a nice move and it was with an increase in volume. Next resistance level for the stock is $2.18, but do not be surprised to see some additional resistance at the $2.25 price level. Let's keep an eye on PLUG as i think momentum will pick up again. Im long.

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Chimerix Inc (NASDAQ:CMRX) Watch for a potential swing long entry. The daily technical chart depicts a resistance near 5.26 level. A break above this level will confirm a new bullish trend and the following uptrend will take price up to $6 zone. The MACD is moving higher, which is a sign of growing strength in the stock. You need to watch this closely because it could break resistance.

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Sensata Technologies Holding N.V. (NYSE:ST) broke out of a flag formation on higher volume today. This will lead to a price target of 39.75-40.20. Key indicators on daily charts suggest continuation of positive bias and the stock price is likely to show further up side.

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I have United States Steel Corporation (NYSE:X) on my watchlist. It may be ready to break out of this consolidation. Potential swing long above 16.26

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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

Labels: ATVI, CMRX, DATA, RLYP, ST, X

22:03 | Permalink |

Stocks to Watch for March 29, 2016

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We finally got the breakout in General Electric Company (NYSE:GE). Shares rallied past resistance of $31.24 and hit my trigger to open positions. I will be watching the stock again on Tuesday, looking for a follow through move. As long as the stock stays above the rising 13-day EMA, the bullish scenario still intact. Moves of key indicators suggest continuation of positive bias.

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Westar Energy Inc (NYSE:WR) Still flagging. Over 48.53 this one could move fast.

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NVIDIA Corporation (NASDAQ:NVDA) rallied to a new 52-week high. As long as the stock trades above the $33.70 level I will be looking for long opportunities.

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VirnetX Holding Corporation (NYSEMKT:VHC) I'm a patient investor. The stock is basing constructively above the rising 100-day EMA. The real fireworks should begin if price can close above the $5 area. As long as the stock can remain above $4.20, I like the stock. The MACD line is starting to curl upward, which should eventually lead to price increases. Keep on watch list.

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New York & Company, Inc. (NYSE:NWY) is probably one of the best acting stocks in the momentum. It's extended here but no one seems to care. So, I will be watching her carefully for any possible opportunities.

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The Coca-Cola Co (NYSE:KO) is forming a bullish flag on daily chart which is usually the most bullish of consolidation patterns. So, perhaps this is merely a pause in a strong uptrend. Breakout watch $46.

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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

Labels: GE, KO, NVDA, NWY, VHC, WR

21:50 | Permalink |

Stock setups for the coming week

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The Index broke last week the rising wedge chart pattern formation to the downside (bearish reversal) that has been formed since the February low. This fact suggests a potential bearish continuation next week testing 2007/2000 region in nearest term. Daily technical indicators are bullish but showing signs of weakness. The MACD is positive but is about to cross below its signal line. The RSI and Slow stochastic are showing negative divergences on daily by failing to touch new highs with the index. I expect the correction to continue for a few more sessions.

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Medivation Inc (NASDAQ:MDVN) is getting some buying and looks poised to post some nice gains if the buying volume persists. The stock displayed relative strength Friday and broke out above the previous high, closing the day slightly below the declining 200-day exponential moving average. From a technical perspective, the MACD is moving up showing positive momentum while KD line also show buy signal as %K line is on top of %D line. Continue to keep this stock on your radar.

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Siliconware Precision Industries (NASDAQ:SPIL) surged 10% or 80 cents to $8.17 per share on unusual volume. If the stock continues to get attention it could break the $8.25 mark next week, which would be a remarkable gain. Keep a close eye on the stock for the follow through move.

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McCormick & Company, Incorporated (NYSE:MKC) broke above previous highs of 96.20 on really good volume and finished the week at a record high. The stock hit a high of $96.46, which is now resistance for Monday’s continuation move. All exponential moving averages are below turning up for support. I like this stock for a swing trade.

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VirnetX Holding Corporation (NYSEMKT:VHC) shares are attractive since its near to the major support level (Yellow Horizontal line). As long as the support is there, I do not think its a problem to include it in your short to medium-term portfolio. I will maintain long exposure, so long as the stock stays above this support level. VHC also has about 24.4% of its shares outstanding sold short, which will produce more buying pressure as shorts run to cover, if and when the stock can break above the $5 zone. Plus, the daily technical indicators are looking better now for the stock. The MACD Histogram and RSI are showing a positive divergence, some hope that we could see a move to the upside. Keep the stock on your radar since it could make a solid move upwards. Stop $3.95

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Netflix, Inc. (NASDAQ:NFLX) On the daily technical chart, the stock seems to be forming an ascending triangle pattern, possibly suggesting extension of the recent recovery. However, some momentum indicators are showing some signs of weakness. This pattern will remain valid as long as the stock remains at or above the rising 20-day moving average, currently situated at 97.96. On the upside, the stock needs to break decisively above the declining 100-day exponential moving average in order to confirm the bullish momentum.

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Advance Auto Parts, Inc. (NYSE:AAP) Volume picking up but the stock needs to break this resistance zone first to me. From the daily technical chart KD line shows positive signals as %K line is rising on top over %D line, RSI and MACD continue moving up. Looks good but I prefer to wait for a clean breakout.

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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

Labels: AAP, MDVN, MKC, NFLX, SPIL, SPX, VHC

10:09 | Permalink |

Stocks to Watch for March 24, 2016

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Medivation Inc (NASDAQ:MDVN) did make a sharper move upwards during today's market, closing up almost 1% from yesterday's close, after rumors that Sanofi may bid for the company. The stock hit a high of $40.80 for the day, which is resistance for Friday’s follow through move. Keep the stock on your radar since it could make a strong move upwards.

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Flagging here. If SkyWest, Inc. (NASDAQ:SKYW) can break out above $19.88 with heavy volume, I think the stock could shoot up to test $21 area. There looks to be good upside potential, so watch the stock very closely.

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Energy Transfer Partners LP (NYSE:ETP) the daily price chart is showing a symmetrical triangle pattern that can break either to the upside or the down side. Play accordingly.

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Rentech Nitrogen Partners LP (NYSE:RNF) could be in the early stages of a technical breakout. Go long on the break of Thursday’s high at 10.65

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NVIDIA Corporation (NASDAQ:NVDA) hit a new 52 week high and closed above resistance. As long as the stock stays above the rising 20-day EMAs it is still safe to hold long positions.

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: ETP, MDVN, NVDA, RNF, SKYW

21:30 | Permalink |

Stocks to Watch for March 22, 2016

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The index is exhibiting signs of topping on Hourly chart. Indicators are displaying negative divergences as they failed to make new highs as highlighted in the technical chart above, so the Bulls have to be cautious.

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Fitbit Inc (NYSE:FIT) broke out of a small consolidation pattern on solid volume and could eventually rally up to 16. Looking at the technical daily chart the near-term outlook is positive. Let’s see whether the stock can gather enough momentum to break through the key $15 level tomorrow morning.

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BlackBerry Ltd (NASDAQ:BBRY) Still flagging. Could pop nicely over 8.20

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Acacia Research Corp (NASDAQ:ACTG) successfully close above the $4 level on very impressive money volume. This is a very bullish development. Short-term technical indicators are Bullish. If the stock can break today’s high of $4.21, we should see a strong follow through move. Next major resistance level lies at 4.50

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General Electric Company (NYSE:GE) has a chart set to breakout. Watch over $31.24

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Sirius XM Holdings Inc. (NASDAQ:SIRI) has been in a nice bullish consolidation over the last three weeks and appears ready for another breakout. Keep on watch.

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: ACTG, BBRY, DJIA, FIT, GE, SIRI

21:17 | Permalink |

Chart Setups for Week of March 21st, 2016

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Amazon (NASDAQ:AMZN) continued decline on Friday, with relatively high volumes. The stock continues to trade within a range with the 200-day EMA continuing to hold the downside. Daily technical indicators are looking bearish to me, but remain in bullish zones. The MACD has dropped down to touch its signal line in positive territory and the RSI has just slipped below its 50 level. The bias is now neutral to bearish in nearest term, and we need a consistent move below the 200EMA located at 545.83 to continue the bearish scenario. On the other hand, a breakout above 585 could trigger a rally that might get the price back to 620.

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Advanced Micro Devices, Inc. (NASDAQ:AMD) Continues to breakout and now up 36.92% this month. Might pause around $3 but looking to add on any dip. The stock seems too extended to chase. Keep stop losses tight, as risk is significant to both sides here.

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Tetraphase Pharmaceuticals Inc (NASDAQ:TTPH) Old alert. Strong bounce on 3x the daily volume avg. Key resistance is now located at $4.29 (20EMA), a break above this level will confirm a new bullish trend and the following uptrend will take price up to $5 zone. The A/D is moving higher, which is a sign of growing strength in the stock (accumulation).

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Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) Broke out Friday on good volume. This stock continues to show strength as the rise in volume confirms the price uptick. No resistances above.

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Pool Corporation (NASDAQ:POOL) closed Friday with a gain of 1.7% to a new historic mark for stock at $85.64, near the highs of the day at $85.85. I'll be watching the stock next week, looking for a follow through move. As long as the stock stay above the rising 20-day EMA, the short-term bullish scenario still intact.

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TESARO Inc (NASDAQ:TSRO) has also a good looking chart, it just broke a bull flag to the upside. $48 is an important resistance, that once broken, will set off a huge run up in stock, the 1st target would be $53.84 which is the high of December.

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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

Labels: AMD, AMZN, OLLI, POOL, TSRO, TTPH

17:19 | Permalink |

Stocks to Watch for March 18, 2016

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Pandora Media Inc (NYSE:P) had a nice move on the upside today, closing slightly below the 50-day EMA on solid volume. The stock hit a high of $10.49 which is now resistance for Friday’s follow through move. Daily technical indicators are looking bullish. The May $13 calls saw some activity, suggesting someone is getting aggressive in the expectation of higher prices.

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VMware, Inc. (NYSE:VMW) closed strong above the 50-day EMA for the first time since Oct 2015. This momentum could push this stock much higher from here. Go long on the break of Thursday’s high at 52.22

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BlackBerry Ltd (NASDAQ:BBRY) broke out of a bullish flag formation on volume well above the daily average. I will be watching the stock to breakout the resistance level at $8.36, which will tell us that the short-term downtrend should be over and could initiate a sharp rally, back to 9. The daily technical indicators are showing signs of bullishness.

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Michaels Companies Inc (NASDAQ:MIK) broke out in a big way on great volume. I think we will see some nice follow through tomorrow.

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Tuniu Corp (NASDAQ:TOUR) appears to have broken out of a base formation, spiking above the key resistance line. The stock closed up 84c to 10.23 and is setting up for a possible move to the 11 area. A clear break above 10.27 could lead to short covering. Momentum indicators are bouncing off oversold conditions.

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: BBRY, MIK, P, TOUR, VMW

21:32 | Permalink |

Stocks to Watch for March 17, 2016

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BlackBerry Ltd (NASDAQ:BBRY) reversed and closed back above the 200-day exponential moving average, wich is a positive sign. The stock has been consolidating in a bullish flag formation. If breakout occurs we could see momentum toward 8.36

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Park Sterling Corp (NASDAQ:PSTB) is possible trend reversal trade if it breaks 6.70 resistance area.

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I'm watching CyrusOne Inc (NASDAQ:CONE) for a possible breakout from current consolidation.

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Web (NASDAQ:WEB) closed with a strong bullish engulfing candle. So, tomorrow if it breaks prior high the stock could see a nice trade up to 100-day exponential moving average around 19.72

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Xinyuan Real Estate Co., Ltd. (NYSE:XIN) is potential breakout trade above 4.50 resistance area.

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Tesco Corporation (NASDAQ:TESO) A move above this horizontal resistance could lead to another wave toward 10 zone. On watch.

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: BBRY, CONE, PSTB, TESO, WEB, XIN

20:57 | Permalink |

AC Investor Blog

Seeking to provide independent day trading strategies based on Technical Analysis.

Thursday, March 31, 2016

Stocks to Watch for April 01, 2016

Tuesday, March 29, 2016

Stocks to Watch for March 30, 2016

Monday, March 28, 2016

Stocks to Watch for March 29, 2016

Friday, March 25, 2016

Stock setups for the coming week

Wednesday, March 23, 2016

Stocks to Watch for March 24, 2016

Monday, March 21, 2016

Stocks to Watch for March 22, 2016

Saturday, March 19, 2016

Chart Setups for Week of March 21st, 2016

Thursday, March 17, 2016

Stocks to Watch for March 18, 2016

Wednesday, March 16, 2016

Stocks to Watch for March 17, 2016

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