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Thursday, May 12, 2016 

Stocks to Watch for May 13, 2016

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Chimerix Inc (NASDAQ:CMRX) I think this stock has a good chance to run to the $5 level again if we see some strength in the biotech sector tomorrow. Major insider purchased 25K shares between $4.75 - $4.85 this week. Usually when insiders buy shares, especially in large amount, it is a clear sign that positive things are coming. From a technical standpoint the stock looks poised for a possible trend reversal, after dropping to the $4.55 level forming a potential double bottom on Hourly. This, along with oversold readings, could lead to the start of a short-covering rally. This company has a strong financial position with $314.5 million in capital and ZERO debt. Keep watching the stock.

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Oasis Petroleum Inc. (NYSE:OAS) Alert for $9.80 in case this one decides to breakout. The MACD Histogram and stochastic oscillator have turned up and RSI is again moving upward.

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Exelixis, Inc. (NASDAQ:EXEL) had a big pop today and the stock price finally broke out above the 5.18 resistance level. Go long on the break of Thursday’s high at 5.26

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Endo International plc (NASDAQ:ENDP) rebounded on solid volume in the last hour of trading. Gonna have to watch it carefully tomorrow to see if we have hit bottom and should grab some for the ride back up. Watch the stock closely.

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DRDGOLD Ltd. (NYSE:DRD) Broke out to new highs today on solid volume. I think we will see some nice follow through tomorrow.

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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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