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Saturday, May 07, 2016 

Stocks to Watch for May 09, 2016

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IAMGOLD Corp (NYSE:IAG) continued its bullish fervour last week making another new high of 3.71 on Friday. Daily technical indicators are Bullish with the RSI and MACD rising. With the spike in volume and momentum surging in Friday's trading sesison, there is a high possibility that the stock price can appreciate even more in value during the coming sessions. Next resistance is now seen at 4.10. Keep it on your watch list going forward.

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You need to watch AngloGold Ashanti Limited (NYSE:AU) stock closely because it could break resistance soon. Buy point would be on the day it blows through $16.63 on heavy volume.

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The shares of Gold Standard Ventures Corp (NYSEMKT:GSV) recorded a new 52 week high of 1.65 in Friday's session. Buy the stock in dips using the rising 20-day EMA as stop loss. The daily technical chart looks very Bullish with all EMAs going up and MACD on top of "0". Long setup.

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Eldorado Gold Corp (NYSE:EGO) is gaining some momentum again. A move past $4.29 would be a strong indicator of a further uptrend, however a tight stop loss should be used.

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Gevo, Inc.(NASDAQ:GEVO) broke out of an important consolidation area with a long white candlestick. This new rally should at least push the stock to $.57

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Shares of Hecla Mining Company (NYSE:HL) have room for a significant uptick beyond these levels. Volume starts to pick up again. A move above $4.36 could trigger a sharp move higher. Long set-up on watch.

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Sarepta Therapeutics Inc (NASDAQ:SRPT) Stock price has been having wild swings since it broke the $15 level. The outlook remains positive supported by the short-term EMAs and momentum indicators.

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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 41 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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