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Thursday, March 03, 2016 

Stocks to Watch for March 04, 2016

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SolarCity Corp (NASDAQ:SCTY) continued to show strength with another gain. Today's rally put shares above potential round-number resistance at the $22 level, which is a very bullish sign. The daily technical chart looks bullish with a short-term target of $25. We might fill this gap very soon.

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Plug Power Inc (NASDAQ:PLUG) successfully broke the resistance at $2.21 (200EMA) with decent volumes. This is a very bullish development. Watch for continuation.

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Weight Watchers International, Inc. (NYSE:WTW) looks like it has a good chance to continue higher and a buy could be made as it moves over $14.66. If this happens, WTW is a good play. Another positive thing is the fact that insiders have bought a lot of shares this week. On watch.

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Clovis Oncology Inc (NASDAQ:CLVS) continues to inch higher. The stock really doesn't have any resistance until $24.5-$26. Technical chart shows bullish sign with MACD above the signal line and RSI above its 50% level.

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VirnetX Holding Corporation (NYSEMKT:VHC) rebounded strongly today and might be on the way up again. The price is back above all moving averages.

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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 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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