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Wednesday, April 06, 2016 

Biotech Stocks to watch Tomorrow

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Is Zynerba Pharmaceuticals Inc (NASDAQ:ZYNE) on your Radar? It Better Be! I suggest you to read this article. The stock is reversing off recent lows and is seeing strong buying volume. I think it could be in the early stages of a rally that will bring the stock back over $14 a share and ultimately $20+. The daily technical chart above shows possible new rally as %K line has crossed on top over %D line while RSI is still in the Bullish zone. ZYNE has an explosive chart in progress. Today's action killed some momentum the stock was seeing but tomorrow it could be an entirely different day. Patience is key. Im long.

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Biotech stocks continue to move higher and ZIOPHARM Oncology Inc. (NASDAQ:ZIOP) is getting ready to make another move up. The MACD has reversed again the course and stock finally closed above its 100-day exp moving average, usually this is a Bullish signal. Good long setup if the stock takes out the 200-day EMA on volume.

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Tetraphase Pharmaceuticals Inc (NASDAQ:TTPH) seems to be a promising stock to follow. As I mentioned last week, TTPH has been developing an interesting pattern accompained by an increase in the volume. Today, the stock confirmed the positive technical view and the breakout occured naturally. I believe the stock will test the $6 level very soon. TTPH is a fast moving stock, so you need to watch it closely on Thursday.

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Ironwood Pharmaceuticals, Inc. (NASDAQ:IRWD) broke through resistance at $11.50 accompanied with high volume. The stock price hit a high of $11.98, which is now resistance for Thursday’s continuation move. If the stock can break through resistance, we should see another strong upside move. IRWD will move very quickly, so watch the stock closely.

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Valeant Pharmaceuticals Intl Inc (NYSE:VRX) continued its upward move today as news hit the wires. This is a stock I covered on my Twitter as a potential double bottom play, noting a big move was possible and it didn't dissapoint. $35 level is a big resistance, so watch it closely.

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Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) The stock price has been holding in a tight range and looks poised for a break to the upside. Go long over 2.06

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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 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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