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