Stocks to Watch for July 26, 2016
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BlackBerry Ltd (NASDAQ:BBRY) continued to show strength with another gain. Today's rally put shares above the psychological resistance level of $7, which is a bullish sign. The technical daily chart looks bullish with a short-term target of $7.36.
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Minerva Neurosciences Inc (NASDAQ:NERV) The major resistance has been broken in this technical chart. Plus, MACD has a bullish crossover. The price can move up to $13-13.2 in the short-term. Let's keep an eye on NERV as i think momentum will pick up.
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Second Sight Medical Products Inc (NASDAQ:EYES) Added to my swing long watch list. Watch this consolidation, a volatility squeeze seems eminent. Next buy area when clears 4.50 on heavy volume.
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XOMA Corp (NASDAQ:XOMA) is displaying a short upside momentum and is poised to move higher from these levels. Shares have been consolidating over the past 3 sessions and patience is the key here. Volume is starting to build and it may make an attempt at breaking out. Let's keep an eye on it.
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Ambarella Inc (NASDAQ:AMBA) remains high on my radar due to the recent run up on heavy volume. I plan to buy the stock on a break above $58.17
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We finally got the breakout in Oclaro, Inc. (NASDAQ:OCLR). Shares rallied past resistance near $5.69 and hit my trigger to open positions. Watch the $6 level as potential resistance. From a technical standpoint, the MACD chart is still showing an up trend with the MACD indicator above its signal line and is indicating further strength. On watch.
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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: AMBA, BBRY, EYES, NERV, OCLR, XOMA
