Stocks to Watch for April 08, 2016
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I alerted Relypsa Inc (NASDAQ:RLYP) to everyone last week and yesterday when it was priced at $14. Today the stock exploded from a low of $13.99 to a high of 25.60 for a Massive Intraday move of 70% and traded a record-breaking volume of 21 Million shares. Congratulations to everyone who was able to take part in this profitable alert.
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Tetraphase Pharmaceuticals Inc (NASDAQ:TTPH) perfect follow through day. Today’s high was $6.13, which is now the key resistance for the follow through move on Friday. If the stock does break this resistance,expect to see another strong upside move. Looking at the daily technical chart there looks to be more room in this move, so watch the stock closely over the next few days.
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The daily chart of Gogo Inc (NASDAQ:GOGO) caught my eye today. On the above chart, we can quickly see that the stock is forming a descending channel waiting to be broken. A breakout from the upper trend line of the pattern (11.2 levels) can trigger a sharp upside move towards 12.
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Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA) seems to have broken above the four-month resistance of $6.76 on relatively higher volume. The next resistance that it should try to respect is at 7.20. Looking at the technical indicators, we have the MACD above Zero Line and RSI Above 50, indicating the stock is in a “bullish” trend. Watch for continuation tomorrow.
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Deutsche Bank AG (NYSE:DB) sold off hard on Thursday again, as the market took a big hit. The stock is now in a clear bearish phase and I have to say that the recent downtrend does not appear be complete. Reasonable expectations suggest to me, that we might see stock drops to near $12 level if this uncertainty in the markets persist for some time.
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Rambus Inc. (NASDAQ:RMBS) "The trend is your friend until it ends" so lets see if it holds this trend line that has acted well over the past sessions. The bullish trend remains intact for now.
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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
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: ARIA, DB, GOGO, RLYP, RMBS, TTPH
