AC Investor Blog: 04/01/2016

Chart setups to keep an eye on next week

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Forum Energy Technologies Inc (NYSE:FET) surged 8.77% Friday on one of the heaviest volume sessions this year, with 2.87 million shares traded. The broke out of a key horizontal resistance line and closed slightly below the high of the day, which now represents the next resistance for the follow through move on Monday. If a breakout above this level occurs, we could see a continuation of current momentum toward the 19.2-19.85 range.

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Krispy Kreme Doughnuts (NYSE:KKD) Should be on watch next week for a possible breakout out of current consolidation (Bullish flag). If a breakout above 17.53 occurs, we could see an acceleration of momentum and move toward the 18-18.60 area.

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Relypsa Inc (NASDAQ:RLYP) has been pulling back after massive one day rally on 7th of April. As you can see from the chart above, in this corrective phase the stock has found support on its rising 50-day EMA on multiple occasions. At this point and with the company being mentioned as a potential takeover candidate, traders could expect a strong bounce and a potential breakout of the downtrend line. CMF is positive and accumulation remain high.

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Despite the overall market correction, Friday was a good session for Gold stocks, including IAMGOLD Corp (NYSE:IAG). The stock gained another 22 cents, or 6.92%, breaking out of a consolidation pattern to the upside with volume backed confirmation. The daily technical chart above shows the stock is in a bull market rally as MACD is on top of signal line and in positive territory. In addition, the medium-term trend is also bullish as the stock is above the 50-day and 200-day exponential moving averages with both moving averages going up.

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DryShips Inc. (NASDAQ:DRYS) delivered nice gains for traders last week (Twitter alert). The stock closed the week with a gain of 65%. There were plenty of opportunities throughout the week to get involved in this particular sector and easily book a profit. For those of you that booked a profit, congratulations on a great week. From a technical perspective, we are now starting to look overbought in the short-term, so we could see some profit taking for a test of its 100-day EMA support.

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Paragon Shipping Inc. (NASDAQ:PRGN) was the stock of the week gaining more than 750% in just two trading days. After strong gains, the risk of profit taking is high, so play wityh tigh stops.

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Vringo, Inc (NASDAQ:VRNG) is a low float stock to keep an eye on. I am still watching VRNG shares of due to the recent price action, volume, news and momentum. Daily technical chart shows a possible reversal in the making. Most of its key indicators, particularly the MACD and the 14-day relative strength index are displaying positive divergences. Plus, the ADX indicator is starting to move into strong territory. Overall, the stock is showing some positive technical signs of reversing its long-term downtrend. If it breaks this downtrend line, the first target on a swing would be the $3.50 area.

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After the recent rally in oil stocks, Friday's pull back on Bonanza Creek Energy Inc (NYSE:BCEI) should be seen as a natural and welcome movement. As long as the stock closes above the 3.70 level, the Bullish trend intact.

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Apple Inc. (NASDAQ:AAPL) The price action on Friday created a potential/temporary bottom. A rise above the 95 level next week should confirm the reversal. Plus, the extreme oversold reading from the slow stochastic and RSI indicators, suggest that prices are due for some recovery and base building imho. Stop Friday's low.

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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: AAPL, BCEI, DRYS, FET, IAG, KKD, PRGN, RLYP, VRNG

08:54 | Permalink |

Stocks to Watch for April 28, 2016

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Eagle Bulk Shipping Inc (NASDAQ:EGLE) broke a falling wedge to the upside on strong volume expansion. The stock has a likely target of 0.90c and it may have the strength to go further. Use a stop at 48c. The daily technical indicators are also turning up from over sold conditions and the MACD indicator looks likely to form its own crossover. Keep EGLE on your radar for Thursday’s trading day, as there is good upside potential in this move.

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CONSOL Energy Inc. (NYSE:CNX) had a very nice day today breaking out above the $14.20 level on strong volume. As long as the stock can hold this level, it looks good.

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VirnetX Holding Corporation (NYSEMKT:VHC) There was no follow-through move after yesterday's rally to confirm the breakout, however the daily technical indicators remains positive and the bullish options flow that we saw on Tuesday, should be taken into account. I think that it will resume its climb very soon.

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California Resources Corp (NYSE:CRC) is setting up nicely to break out. Next buy point would be on the day it blows through $2.55 on heavy volume. The daily technical indicators are looking Bullish.

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Stone Energy Corporation (NYSE:SGY) has formed a resistance around the 1.3-1.35 zone. Watch to buy on a break above this key resistance level. Momentum indicators are rising on daily charts.

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NVIDIA Corporation (NASDAQ:NVDA) Flagging here. A breakout above $37.46 would constitute a technical entry for the short term trader looking for a quick trade. As long as the stock holds above the rising 20-day exponential moving average, the trend remains to the upside.

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Possible resistance breakout trade setting up on Microchip Technology Inc. (NASDAQ:MCHP). Good long setup if it takes out the 50.67 area on volume.

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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: CNX, CRC, EGLE, MCHP, NVDA, SGY, VHC

22:32 | Permalink |

Stocks to Watch for April 26, 2016

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Verastem Inc (NASDAQ:VSTM) shares closed higher for the third consecutive day on very impressive money volume. The trend continued higher based on the strong technicals. Today’s high is resistance for a follow through move on Tuesday. From a technical standpoint, the MACD just crossed above signal and the ADX chart is showing some strength in this movement, giving the "bulls" the signal they wanted. Watching 1.93 area for a squeeze. The company has a strong cash position of approximately US$110 million (as at December 31, 2015) or nearly $3 per share and zero debt.

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Oncothyreon Inc (NASDAQ:ONTY) showed strength all day and broke higher on heavy volume. Looks like higher prices to come.

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BlackBerry Ltd (NASDAQ:BBRY) is a stock that could head higher from Monday's close. It is in the process of bottoming and I expect a pop above $7.43 at some point in the coming days.

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I have Cepheid (NASDAQ:CPHD) on my watchlist. It may be ready to break out of this consolidation. The daily technical chart looks very good. Breakout watch over 36.08

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Pacific Biosciences of California (NASDAQ:PACB) Lets see if it breaks over $10.75. All major indicators are in favor of an upward price movement. Long set-up on watch.

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Vringo, Inc. (NASDAQ:VRNG) has been slowly gaining traction amid some buying pressure the last few days. A break through this 2.19 area could accelerate the stock higher.

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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: BBRY, CPHD, ONTY, PACB, VRNG, VSTM

22:19 | Permalink |

Stocks on my watchlist for next week

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Eleven Biotherapeutics Inc (NASDAQ:EBIO) In the last few sessions this stock has seen some dramatic gains. It was as low as $0.31 at the beginning of April and hit as high as $1.70 last week. The gains in just about 2 weeks came out to over 370%. The stock is currently overbought, but it could get more overbought closing the gap. It looks like MCUR might also have a great run so check the chart below for more details.

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Keep a close eye on this one. Macrocure Ltd (NASDAQ:MCUR) closed up over 14% yesterday on strong volume (nearly 10x avg). Let's take a detail look at the stock and see if the stock is worth buying. From a technical standpoint, the daily indicators point to MCUR being in an upward trend already. The MACD is now back above zero and +DI seems to be crossing up indicating bullish swing. This could be just the beginning of a breakout that could bring good returns. Plus, the stock is currently trading below cash levels. According to Yahoo, the company has around 1.80 cash per share or 30M and zero debt, which means that theoretically, investors are getting its business for free. With around 1.80 in cash, right now this stock is undervalued at 1.09 and the gain potential is not only good, but very accessible. Let's see if the history repeats itself (December 2015 massive gains). I'm long. You know, biotech small-caps are HOT, and the probabilities of any stock in this sector outperform any other asset, is very high.

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Sarepta Therapeutics Inc (NASDAQ:SRPT) has witnessed huge volatility in the past two sessions. The stock rose more than 35 percent on Friday after the FDA added a voting question to the agenda for the Monday meeting of the Peripheral and Central Nervous System Drugs Advisory Committee. So, everything can happen next week. In other words, the volatility will remain extremely high and you should invest/trade carefully or stay on sidelines till the near-term uncertainty subsides. This is the 30m chart with some key levels to watch next week. Good luck to all. I have no positions here.

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Carbylan Therapeutics Inc (NASDAQ:CBYL) is another stock on my watchlist. CBYL closed above its 20-day exponential moving average for the first time in nearly three months. It is seeing some significant volumes. I think the stock has a good chance to run to the 50-day EMA next week. On the daily time-frame, the MACD-histogram has been sloping up and the short-term EMAs have just ticked up to give a buy signal on the Impulse System. The slow stochastics and RSI are both rising, indicating bullishness. On watch.

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Plug Power Inc (NASDAQ:PLUG) looks about ready to pop here. The stock has finally recaptured the declining 200-day exponential moving average and closed the day near its high, with solid gains. Momentum indicators are bullish with RSI inching away above the middle level. The strongest sign of a bullishmomentum is the MACD indicator which is currently above the 0 line. Watching for $2.25 breakout. This momentum could push this stock much higher from here, so keep the stock on your radar for Monday’s trading day as there is good upside potential in this move. Short-term levels to watch 2.25 and 2.35.

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VirnetX Holding Corporation (NYSEMKT:VHC) is still trading in a range between 3.90 and 5. The direction for the stock remains unclear, but I still believe we will see some upward movement.

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BlackBerry Ltd (NASDAQ:BBRY) It looks like the buyers are finally aware of the buying opportunity at cuurent levels. Some positive divergences in the daily technical chart showing up. The MACD just gave a crossover buy signal and the Slow Sto is rising. We might have seen the bottom and ready for a sustain rally. I expect its up-move to continue and reach my first price target of 7.81 or 8.20 in the forthcoming trading sessions.

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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: BBRY, CBYL, EBIO, MCUR, PLUG, SRPT, VHC

15:23 | Permalink |

Stocks to Watch for April 21, 2016

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BroadSoft Inc (NASDAQ:BSFT) had good volume and a nice candlestick on Wednesday. Buy point would be on the day it blows through $42.06 on heavy volume.

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Cadence Design Systems Inc (NASDAQ:CDNS) had a nice surge a few weeks ago and the stock has been consolidating that move since then. Looking good for higher prices, watch for break above consolidation area and go long.

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Fortinet Inc (NASDAQ:FTNT) is looking nice. If it clears back over 31.19, may have some good upside.

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KEYW Holding Corp. (NASDAQ:KEYW) has consolidated around 6.06-7.26 for the last two months and a break above the resistance level on heavy volume would be bullish. Volume is picking up again. Stay tuned.

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Red Hat Inc (NYSE:RHT) is in a bullish flag consolidation and could break to the upside. Long over 76.2 on volume.

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Vringo, Inc. (NASDAQ:VRNG) is again setting up for a potential swing trade on Hourly. Breakout watch over 1.99. From a technical perspective the MACD Histogram and RSI have turned up and RIS is again moving upward.

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: BSFT, CDNS, FTNT, KEYW, RHT, VRNG

22:51 | Permalink |

Stocks to Watch for April 20, 2016

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Karyopharm Therapeutics Inc (NASDAQ:KPTI) has been consolidating in a large bullish pennant formation above the key short-term exponential moving averages (9,13,20 and 50) which is a sign of strength. Break of resistance at 9.30 area could lead to a new short term momentum toward 13. The OBV continues to rise since the consolidation started mid-March, which suggests accumulation.

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Fairmount Santrol Holdings Inc (NYSE:FMSA) is potential breakout trade above 3.35-3.4 resistance area.

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Shares of Joy Global Inc. (NYSE:JOY) gained more than 11 percent, closing near its highs of the day on strong volume. The stock broke through resistance and out of a small flag formation. Next resistance is now seen at $22 (closing gap).

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AGCO Corporation (NYSE:AGCO) made a strong upside reversal today. The daily technical chart is displaying a screaming buy divergence on the upside. Expect an initial run up to $53.35 with a break higher moving to the 55 zone.

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Himax Technologies, Inc.(NASDAQ:HIMX) The $9.90 support needs to hold going forward. If it fails, could drop at least a dollar to test the 8.99 area. The short-term trend remains down.

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NutriSystem Inc. (NASDAQ:NTRI) is breakout candidate above $21.47

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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: AGCO, FMSA, HIMX, JOY, KPTI, NTRI

22:05 | Permalink |

I'm watching these 5 Biotech Stocks

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Chimerix Inc (NASDAQ:CMRX) the key resistance has been broken. The price can move up to 7.19-7.62 in the short-term. Now that the stock is above this horizontal resistance line more buyers should be coming. Keep the stock on your radar.

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Avalanche Biotechnologies Inc (NASDAQ:AAVL) crossed and closed above its 50-day EMA for the first time since December 2015. From a technical perspective, seems like the stock is forming a bottom pattern here but pending confirmation. A move past $5.70 would be a strong indicator of a further rebound in the stock. Once it breaks through resistance, we should see strong volume as the stock will breakout and move higher. The money seems to be flowing into AAVL as indicated by the On Balance Volume. Keep watching the stock.

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I have been watching Valeant Pharmaceuticals Intl Inc (NYSE:VRX) over the past few days, waiting for a possible upside move. I feel there is a bigger move coming soon. The daily technical chart is showing positive signs of further strength. The RSI value is increasing and approaching the 50 level. The MACD indicator is rising and still above its signal line. Go long on the break of Monday’s high at 33.70 with a stop at 29.98

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ZIOPHARM Oncology Inc. (NASDAQ:ZIOP) crossed trend reversal level of 8.67 decisively with solid volume and trend is now up. How high will it go? Potential breakout target: 9.74 initially

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Advaxis, Inc.(NASDAQ:ADXS) Setting up a possible resistance breakout trade. Long over 10.43

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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: AAVL, ADXS, CMRX, VRX, ZIOP

21:44 | Permalink |

Charts for the coming week

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Potential breakout play next week !! Esperion Therapeutics Inc (NASDAQ:ESPR) had a big surge in volume and price in late March and the beginning of April. The stock has consolidated over the last couple of sessions in a bullish flag formation on low volume and appears ready for another breakout. The projection is a move toward the 22-24 range. The price/volume action is showing accumulation: up days on strong volume and profit taking on very light volume. Plus, the recent insider buying of 5000 shares is also another positive indication that insiders are now bullish about the company. Generally when they buy shares, it is a sign that positive things are coming. The short interest is more than 30 percent of the company's float, which any breakout could be a violent move to the upside. As I mentioned on twitter i bought shares on Friday and will add more shares on a move above $19.

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ZIOPHARM Oncology Inc. (NASDAQ:ZIOP) has been forming a cup and handle since March and is flirting with key resistance level just over the $7.75 mark. If that break occurs, the stock price should be ripe for a long trade. All technicals are bullish and the short-term outlook continues to look bullish.

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Rambus Inc. (NASDAQ:RMBS) building a flag chart pattern, looking for a move through 14. At this stage, it is definitely a wait and see, if the resistance will be easily taken out by the bulls. Fresh exposures may be considered on a move past $14, with a stop-loss at $13.30

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Micron Technology, Inc. (NASDAQ:MU) is showing signs of a potential reversal trend. If the stock price can close above the declining 50-day EMA next week, there should be some nice momentum in the stock.

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Oclaro, Inc. (NASDAQ:OCLR) strong bullish bar on Friday with a close near the highs of the day. Expecting continuation toward 5.50

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Shares of Golden Star Resources Ltd. (NYSEMKT:GSS) are very bullish with a lot of hot technical indicators showing up. The slope of the upward move is very steep accompanied by heavy volume. However, as clearly seen on daily technical chart above, the stock needs to take a breather. It cannot sustain a very steep slope forever and looking at the Relative Strength Index (RSI), it has reached the overbought territory in a very sharp upmove. It seems that the breather will happen anytime soon. Watch the stock closely next week and use your stops.

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Celator Pharmaceuticals Inc (NASDAQ:CPXX) remains one of the hottest stocks on the market. The stock broke out to all-time highs during Friday's session on decent volume. At this stage, it is too extended for additional positions, and still in overbought territory. I really like the chart but at this level I would wait for a pull back before putting any cash to work. Keep the stock on your radar.

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: CPXX, ESPR, GSS, MU, OCLR, RMBS, ZIOP

09:40 | Permalink |

AC Investor Blog

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

Saturday, April 30, 2016

Chart setups to keep an eye on next week

Wednesday, April 27, 2016

Stocks to Watch for April 28, 2016

Monday, April 25, 2016

Stocks to Watch for April 26, 2016

Saturday, April 23, 2016

Stocks on my watchlist for next week

Wednesday, April 20, 2016

Stocks to Watch for April 21, 2016

Tuesday, April 19, 2016

Stocks to Watch for April 20, 2016

Monday, April 18, 2016

I'm watching these 5 Biotech Stocks

Sunday, April 17, 2016

Charts for the coming week

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