AC Investor Blog: 05/01/2016

Stocks to Watch for June 01

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I see Relypsa Inc (NASDAQ:RLYP) on verge of breaking up out of compression (10m chart). I expect to see a strong upside move if the stock can break through this resistance level. Watch the stock closely on Wednesday.

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Chiasma Inc (NASDAQ:CHMA) looks like a bottom formation here. A breakout over $3.30 with strong volume would send this flying. I went long today, I see $4 move coming.

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Second Sight Medical Products Inc (NASDAQ:EYES) is another potential bottom play. The stock saw continued buying pressure today. I think current levels offer a great chance to play a rebound in shares. Long positions can be considered with a stop loss of 3.62 on daily closing basis. Initial targets are 4.50 and 4.98

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BlackBerry Ltd (NASDAQ:BBRY) is quickly approaching a big breakout if the stock can manage to trade above $7.33. A strong volume move above that level, could set the stock up to retest its March highs.

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Cliffs Natural Resources Inc (NYSE:CLF) was one of the winners on Tuesday, as the stock closed up $1.21 on the day. If the stock can break Tuesday’s high of $4.33, we should see a continuation move.

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Chimerix Inc (NASDAQ:CMRX) There are several technical indications I see which suggest a bottom, including large positive divergences on MACD and ADX on daily. If the potential buy signal confirms itself, we will be looking for a move to the resistance area at $5.5-5.60, at the very least. Keep CMRX on your screen for Wednesday’s trading session.

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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, CHMA, CLF, CMRX, EYES, RLYP

22:17 | Permalink |

Good Setups to watch for the week ahead

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Cara Therapeutics Inc (NASDAQ:CARA) could be starting another rally as there is tremendous support in the stock (short-term EMAs) and some serious buying coming in. The price has been in a bullish flag formation off its sharp rebound rally since the mid-May lows and it is now near the top of the sideways channel in the 6.42 area. A break through that top would lead to a next test of the 7.8/8 resistance zone. Among oscillators, the MACD is in buy mode and RSI is at 56 levels indicating strength in the current uptrend. If it breaks 6.42 the stock will absolutely fly into the 7's right away. Keep it on your watch list going forward. Could be a high flyer on breakout.

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Twitter Inc (NYSE:TWTR) The selloff seen earlier this month appears to be coming to an end, with the price closing above the declining 20-day EMA on Friday. As such, I would be looking for a move back to $14.68 as a good buying opportunity. The stock has a gap and the 50-day EMA resistance above. However, as long as the price holds up above $14.67 level (20EMA), we are likely to resolve this short-term range to the upside rather than the downside. The MACD and stochastic point towards a push higher. Watch the stock closely on Tuesday.

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Macy's, Inc. (NYSE:M) made a strong move to the upside and closed above the 20-day exp moving average for the first time since April accompanied with high volume. I think we will see some nice follow through on Tuesday. Daily technical indicators show RSI heading up while macd is also rising. Note, prices are also inside the daily EMAs with the 20-day EMA an immediate resistance. The next major resistance area is around the mid $34 range. Plus, M also saw unusual call activity. Keep it on watch.

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OHR Pharmaceutical Inc (NASDAQ:OHRP) Consolidating / basing under resistance the 50-day EMA. Insiders are buying a lot of shares at current levels. They must know something positive about the company. From a technical standpoint, the MACD is slowly turning up forming a buy signal. RSI is growing and also giving a buy signal. Watch for a break through the 3.24 price level to indicate that another push higher will occur. Keep it on watch.

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Office Depot Inc (NASDAQ:ODP) showing signs of bounce coming MACD cross. The stock is on the verge of breaking out and it could happen very soon. At this stage it is definitely a wait and see if the resistance will be easily taken out by the bulls. 3.56 break out watch.

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ZIOPHARM Oncology Inc. (NASDAQ:ZIOP) showed buying strength all day on Friday. We start to see some signals of rebound as the daily technical chart shows positive momentum is back. If stock breaks 7.51 then the stock can head to 7.84 and if this level is breached then the level of 8.36 is visible. I think its worth adding to your watchlist.

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Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) jumped 13c or 8%, Friday to close at 1.75, slightly below the declining 100-day EMA. A minor resistance is expected here but if that resistance fails, the further gains towards $1.85 will be expected. Technical indicators are looking bullish. The RSI is moving up and above its 50 level. The Slow Sto continues to trade in the positive zone and the MACD is also turning up. Overall my short-term view remains neutral till a decisive break above $1.80 takes place. On watch.

On the Stockal-front, I see that a lot of my readers have downloaded the app and are using it regularly. Do tell how useful you find it and how the founders of Stockal can make it better for you. The app has seen very good traction with nearly 3,000 downloads in the last few weeks and very good traffic on their website as well. Now Stockal has launched a data-driven website too. You can find trending stocks, search for whatever stocks you are interested in and get interesting decision-support signals such as Analyst Confidence Meter, Avg Target Price, Social Media Pulse, Revenue Prediction and Stock Sentiment - all in one place. You can also read tons of reports, latest news articles and social media conversations for many-many stocks. But if you download the app, you can do all this AND you can also create watchlists, chat with your investor friends and share articles/information with them to create investing strategies. So get their iOS app or experience their website with stock insights at Stockal before downloading their iPhone or Android apps.

Have a wonderful long weekend everyone !!

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: ARNA, CARA, M, ODP, OHRP, TWTR, ZIOP

09:18 | Permalink |

Bullish setups for Thursday 26th of May 2016

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American Midstream Partners LP (NYSE:AMID) had a big surge in price and volume in April when stock price doubled in just 4 weeks. The stock has consolidated over the last couple of weeks in a bullish pennant formation and appears ready for another breakout. The stock hit a high of $12.30 on Wednesday, which is resistance for Thursday’s continuation move. If the stock can break through this level, I expect to see a strong upside move.

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FORM Holdings Corp. Common Stock (NASDAQ:FH) broke out in a big way Wednesday on great volume. I think we will see a nice follow through today. A break of $2 with force might give room to 2.26 then 2.75/80 area. DMI/ADX Triggered a new "Buy Signal" for the first time in weeks.

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Westmoreland Coal Company (NASDAQ:WLB) broke out yesterday, after it thas been consolidating in the past few months. The stock hit a high of $8.44 on Wednesday, which is resistance for the follow through move. Charts on all time frames are bullish. You should watch this stock closely today.

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OHR Pharmaceutical Inc (NASDAQ:OHRP) could be in the early stages of a technical breakout. Momentum indicators are showing bullish signals supported by rising MACD and RSI on the daily charts. Some top executives have been acquiring shares for the past few days showing the management is bullish of the company's outlook. Keep it on your watch list going forward.

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Office Depot Inc (NASDAQ:ODP) Daily technical chart is showing signs of a possible turn around. In terms of technical indicators, the RSI is starting to rise in the oversold zone while the MACD is about to cross above its signal line. The trend is expected to begin the upwards movements. One insider purchased 14267 shares on Wednesday and July $5 calls had a lot of activity. Keep an eye for a possible breakout over 3.53.

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BlackBerry Ltd (NASDAQ:BBRY) has bounced nicely from the recent lows. The immediate resistance is around 7.33 which the stock will likely to test in the coming sessions. A close above this range is a pre-requisite for the reversal of the bearish trend. The short interest has been on a decreasing trend, with 2% decrease recently and bringing the interest to 12.58% of the float, while the short ratio (Days to cover the 65M shares) has been increasing for the last 6 weeks. That's the perfect scenario for a short squeeze on any positive news.

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VirnetX Holding Corporation (NYSEMKT:VHC) Should breakout hard to upside when it crosses over $5.27

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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: AMID, BBRY, FH, ODP, OHRP, VHC, WLB

08:09 | Permalink |

Stocks to Watch for May 25, 2016

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Cisco Systems, Inc.(NASDAQ:CSCO) is setting up to break out and has one more level to go, which is $28.68. Daily technical indicators are looking bullish. The MACD has formed a bullish rounding bottom and crossed above its zero line. RSI is showing good upward momentum by crossing above its 50 line to enter into the Bullish zone. Watch the stock closely tomorrow.

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Verastem Inc (NASDAQ:VSTM) made an awesome move breaking out of a major resistance line with volume backed confirmation. I went long as its quite possible we should see a short term move near $1.9/share. The Daily technical chart shows bullish sign with +DI line on top of -DI line and RSI rising. There could be good upside in VSTM so watch the stock closely on Tuesday. Plus, the company is trading significantly under cash (99.54M or $2.69)

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Cesca Therapeutics Inc (NASDAQ:KOOL) closed back above the 50-day exponential moving average line on Tuesday, and that's the key indicator line for the near-term trend. Keep on watch for a follow through tomorrow.

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Carbylan Therapeutics Inc (NASDAQ:CBYL) There have been some pretty bullish candles forming on this daily chart and it seems to me like it is ready to turn up. A/D indicator shows strong accumulation. The next major resistance level for stock is located at $1.14. A close above would be very bullish. On watch.

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Advanced Micro Devices, Inc. (NASDAQ:AMD) Continues to act strong setting new highs.

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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, CBYL, CSCO, KOOL, VSTM

22:07 | Permalink |

Bullish list of setups for Next Week

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QUALCOMM, Inc.(NASDAQ:QCOM), after nearly three months of consolidation in the 49.75-53.4 area stock finally broke out on Friday and took out its critical level of $53.04 (200-day EMA). The break of this key resistance line confirms a short-term trend reversal and the beginning of new momentum, which could move the stock above the $56 area. Daily technical indicators are looking bullish. The daily MACD is rising above its signal line in positive territory and the RSI is above its 50% level. This momentum could push this stock much higher from here, so keep it on the radar next week.

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Pandora Media Inc (NYSE:P) A short squeeze on the horizon? This stock has surged in recent weeks amid strong volume and closed the week above its declining 100-day EMA for the first time since December 2015. With almost 22% of the float short or 49.5M shares, I think this stock is due for a big move higher. On the technical side, the short-term daily chart remains bullish. The stock is trading above all major short-term EMAs but below its 200-day EMA. Plus, the MACD is positive/rising and the On balance volume shows strong accumulation. If the stock can break through $11.50 resistance next week, we should see another strong upside move. P will move very quickly, so watch the stock closely.

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Cadence Design Systems Inc (NASDAQ:CDNS) broke out to new highs on high volume. The uptrend remains intact and signals further bullishness on this stock. Daily technical indicators are bullish.

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Fitbit Inc (NYSE:FIT) looks to have bottomed. The stock broke the $14.39 resistance level Friday on solid volume and could eventually rally up to test its gap resistance. Daily technical indicators are beginning to turn bullish. Let’s see whether the stock can gather enough momentum to break through $15 next week.

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Acacia Research Corp (NASDAQ:ACTG) is in a bullish formation. A break through this 5.06 area could accelerate it higher. Insiders have been very aggressive buyers here.

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Keep an eye on Rambus Inc. (NASDAQ:RMBS). If the stock breaks above its 20-day EMA on heavy volume next week, then we will know the next major move up is likely. The MACD has already triggered a bullish signal, as it curved upward and crossed above its signal line last week, while RSI is also gaining strength. I do not see any resistance on the chart until $12.30.

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Cellectar Biosciences Inc (NASDAQ:CLRB) saw its shares surged almost 232% to $3.45 per share on massive volume Friday after revealed that the company got patent identification numbers for its Phospholipid-Ether Analogs as Cancer Targeting Drug Vehicles. On the weekly chart, the stock has a strong resistance around $4, and a break above it should lead to a continued advance up to 5.20, the next strong resistance level.

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Ithink BlackBerry Ltd (NASDAQ:BBRY) is building a nice base for take off. Some daily technical indicators are showing positive divergences. Next resistance is located at $6.93, while immediate support has moved up to $6.56

Last week I mentioned that you could use the Stockal-mobile app to track your stock investments on-the-go. Nice to see a lot of my readers have downloaded and are using the app. I would love to know what you thought about it. This is a young team trying to make something useful and any feedback will help them. For those who haven't used it -Stockal helps you discover volatile stocks all the time on the basis of analyst ratings, sentiment changes, news and social media conversations. Covering over 6,000 stocks, "Stockal" tries to make your investing decisions easy by giving you pretty much everything you want to know about a stock. For every stock out there - it gets you Analyst Confidence (from Wall St. firms), News & Sentiment, Analyst Reports, curated Social media chatter (Twitter, StocksTwits etc) and Revenue Predictions (for future quarters). You can also invite your peers/friends/experts for a chat on Stockal. And I have come to know that these guys are also adding multiple brokerages right into the app. So if you have an account with TD Ameritrade, E*Trade, Scottrade, Fidelity etc, you can buy/sell stocks on Stockal using just the login credentials of your brokerage account - just like you swipe your card at the Amazon website.

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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: ACTG, BBRY, CDNS, CLRB, FIT, P, QCOM, RMBS

08:39 | Permalink |

Stocks to Watch for May 20, 2016

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TASER International, Inc. (NASDAQ:TASR) could breakout again at any moment. Next buy when clears 21.27 on heavy volume. Option traders continue to press the upside.

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TerraForm Global Inc (NASDAQ:GLBL) appears to have successfully reversed its downtrend. The stock has some noticeable indicators suggesting that it is ready to make a move. I went long at 2.84 with a stop loss at 2.61

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Pandora Media Inc (NYSE:P) Flagging here above its 100-day EMA. Watch for next leg up. I think we should see more rumors emerge. Unusual call flow in option market this week.

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Acacia Research Corp (NASDAQ:ACTG) price has been trading a very tight range for a few days. If it clears the key resistance level at 4.90 the move may be powerful. Stop 4.48 Note: Insiders have been buying like crazy.

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The area comprehended between $95.21 and $95.36 represents a strong resistance for shares of Apple Inc. (NASDAQ:AAPL). A close above this key resistance area would have positive implications and could drive the stock much higher. The RSI is gaining momentum and MACD is still showing a positive divergence. Keep the stock on your radar.

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Tesla Motors Inc (NASDAQ:TSLA) looks like it wants to break out from a small base formation. The price could really get some momentum if it could get over 220. If the stock can break above this level, it is worth a trade. Short-term technical indicators are improving and the MACD on the daily chart shows a possible bullish crossover.

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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, ACTG, GLBL, P, TASR, TSLA

22:08 | Permalink |

Stocks to Watch for May 19, 2016

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ChemoCentryx Inc (NASDAQ:CCXI) is another stock I am watching closely. If it clears resistance at $4.86, the move may be powerful. Despite recent decline, the daily RSI remains above 70 levels and may support the bullish argument.

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Galena Biopharma Inc (NASDAQ:GALE) had a very productive day as we saw gains of nearly 13% on volume above average and I believe it has more room to run. We saw unusual bullish options activity again (Jan $2.5). A breakout over $1.61 with strong volume would send this flying.

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American Eagle Outfitters (NYSE:AEO) is trading higher after hours, as the company released strong earnings. For tomorrow, the levels to watch on upside will be at 14.83 and 15.22.

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LendingClub Corp (NYSE:LC) was added to my watchlist as a possible bottom bounce-play. Nearest resistance for the stock is at $4.20. If this level is crossed and the stock is able to sustain above this level, then it might go to 4.7-4.9. Let's keep an eye on it as i think momentum will pick up. Stop 3.42

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Arca Biopharma Inc (NASDAQ:ABIO) Looking at the daily chart above, the stock has just started moving higher and established a short term up-trend just below its 9-day EMA. This could be the start of a nice rebound. ABIO is trading significantly below cash levels.On watch.

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I have Eleven Biotherapeutics Inc (NASDAQ:EBIO) on my watchlist. It may be ready to break out of this large symmetrical triangle formation. Potential swing long above 1.28

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Shares of Sphere 3D Corp.(NASDAQ:ANY) are starting to heat up again and are worth watching. Although the stock did not perform well in March and April, I start to see some signals of rebound. The trend indicator MACD has triggered a new buy signal today and also the RSI is on the positive side again. 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: ABIO, AEO, ANY, CCXI, EBIO, GALE, LC

22:13 | Permalink |

Stocks to Watch for May 17, 2016

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Apple Inc. (NASDAQ:AAPL) has had a rough time over the past sessions, but today’s bounce could be the first move to recovery. Short-term indicators are starting to line up. The chart suggests that stock might find now resistance at $95.32. Only a close above this level would suggest further upside.

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You need to watch Carbylan Therapeutics Inc (NASDAQ:CBYL) stock closely because it could break resistance soon (50EMA). A successful cross of the resistance line the stock can rally up to the next resistance level which is at 1.25 levels.

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Williams Companies Inc (NYSE:WMB) is quietly gaining momentum. It looks ready to break a recent high of $21. If the stock can manage a breakout above this level on high volume, it would be a great buying opportunity but only on a breakout. Keep it on your watch list going forward.

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Galena Biopharma Inc (NASDAQ:GALE) continues to build a nice optimistic formation under resistance at $1.33 (200EMA). Watch for a break through that price level to indicate that another push higher will occur. Support at $1.16

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Regeneron Pharmaceuticals Inc (NASDAQ:REGN) closed today's trading session at 391.95, inching up by 6% with the stock attracting more than 1.299 million shares. REGN shows signs of a trend reversal. Trajectories of momentum indicators on daiy charts also suggest uptrend for the stock. Next major resistance lies at 395

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Portola Pharmaceuticals Inc (NASDAQ:PTLA) Technical daily chart looks bullish. Keep an eye for a possible breakout over $25.54

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: AAPL, CBYL, GALE, PTLA, REGN, WMB

22:08 | Permalink |

AC Investor Blog

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

Tuesday, May 31, 2016

Stocks to Watch for June 01

Saturday, May 28, 2016

Good Setups to watch for the week ahead

Thursday, May 26, 2016

Bullish setups for Thursday 26th of May 2016

Tuesday, May 24, 2016

Stocks to Watch for May 25, 2016

Saturday, May 21, 2016

Bullish list of setups for Next Week

Thursday, May 19, 2016

Stocks to Watch for May 20, 2016

Wednesday, May 18, 2016

Stocks to Watch for May 19, 2016

Monday, May 16, 2016

Stocks to Watch for May 17, 2016

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