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Wednesday, June 08, 2016 

Stocks to Watch for June 09

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FORM Holdings Corp. Common Stock (NASDAQ:FH) showed some strength today. The stock closed nicely closed above the downtrend line from the March high with solid volume. At this level, we should see the stock retest the resistance located at $2.20 followed by $2.8. The support level is adjusted to $1.87. The daily technical indicators still indicate a bullish tone in short-term.

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The technical chart of Celldex Therapeutics, Inc. (NASDAQ:CLDX) looks fairly appealing for a possible short term trade. The stock price is forming a bullish pattern (Inverted Head and Shoulders), with a target buy price on the breakout of the $5 neckline. If price breaks and closes above this level then we should probably see a significant move to the upside.

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Juno Therapeutics Inc (NASDAQ:JUNO) Flagging above the breakout. Worth watching long above 49.72

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bluebird bio Inc (NASDAQ:BLUE) is flagging near resistance. Only a move above $48 could trigger a sharp move higher.

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Avino Silver & Gold Mines Ltd (NYSEMKT:ASM) Strong breakout. If the stock can break today’s high of $1.96, we should see a strong follow through move.

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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 48 year old Independent Trader using proprietary technical analysis with more than 20 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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