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Wednesday, July 20, 2016 

Stocks to Watch for July 21, 2016

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Today's close was notable for aTyr Pharma Inc (NASDAQ:LIFE). The stock closed the session gaining more than 16% at 3.06 and it appears that the momentum is just beginning. Shares broke the downtrend line that has been in effect since December last year. Wednesday’s volume was the highest in the past three-months. It could be on the verge of making a stronger move upwards. Technical indicators are looking bullish and support a further climb with an initial price target of $3.60. Plus, some top executives have been acquiring shares for the past few months showing the management is bullish of the company's outlook. Let's see what Thursday brings.

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Tableau Software Inc (NYSE:DATA) broke a key resistance level today pointing the way for further move up. Dailt technical indicators such as MACD is confirming the upside movement and the volume was significantly higher compared with last two days. Go long on the break of Wednesday’s high at 57.82.

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GameStop Corp. (NYSE:GME) finally closed back above its 200-day moving average and remains well above its 100 and 50-day EMAs. I'll be watching the stock on Thursday, looking for a follow through move. Resistance reflects today’s high of $31.32. GME will move very quickly, so keep the stock on your screen throughout the day on Thursday. From the chart, looks like the next major resistance is at $33

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Square Inc (NYSE:SQ) Watch this one as it approaches the resistance area. Needs to take out 9.77 (declining 50EMA). The break of the resistance with heavy volume should be the next buy point on SQ.

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Relypsa Inc (NASDAQ:RLYP) Price bull flagging above the 200EMA, while the small pullbacks have been on declining volume. Watch this flag, any break on volume can be played accordingly.

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Ocean Power Technologies Inc (NASDAQ:OPTT) The monster move continues. The stock shows no signs of slowing down. For momentum traders, this stock could be one to get into for a shorter-term play with tight stops.

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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.

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I really like to read your posts!! Thank you very much António

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About Me

  • 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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