AC Investor Blog: 08/01/2016

My Watchlist for Wednesday, August 31

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Clovis Oncology Inc (NASDAQ:CLVS) is showing a small bullish flag just under the 25 price level. With good trading volume, the stock could be poised to trade higher to test its next level of resistence around 26.75

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First Solar, Inc. (NASDAQ:FSLR) Nice rally in the final hour, closing the session near the highs of the day. The stock might be able to break out of this base tomorrow.

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Weight Watchers International, Inc. (NYSE:WTW) traded nicely today and Im looking for continuation of the upward direction tomorrow. Price looks to be forming a falling wedge pattern which is indicative of a potential break out to the upside. If the stock breaks today's high, the momentum could move stock to the $12.5 area. This stock is a short squeeze candidate, with a short float at 61% equivalent to 8 days of average volume.

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Fitbit Inc (NYSE:FIT) Good pattern and accumulation here, but I need to see further upside confirmation before adding a new long position. Today's close above the 100-day EMA confirms a possible trend change from downward to neutral. Next key resistance is now located at $16, a break above this level will confirm the bullish trend, and the following uptrend will take price up to $18.3 zone.

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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

Labels: CLVS, FIT, FSLR, WTW

22:01 | Permalink |

My Watchlist for Tuesday, August 30

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Sprint Corp (NYSE:S) has been in a bullish consolidation pattern in the 5.85/6.33 range since late August. A move above 6.33 would signal a break of the channel that likely has upside continuation.

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Can Fite Biopharma Ltd (CANF) is butting against its 200-day exponential moving average at near 2.60 that has contained prices since mid-June. A break of 2.58 level could result in an acceleration to the upside, targeting 3.15 area. I started a long position here. Note: Today, Rodman & Renshaw resumed Can-Fite BioPharma (CANF) coverage with Buy rating and price target $6

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Zumiez Inc. (NASDAQ:ZUMZ) has a daily technical chart set to breakout. Watch over $17.64. Calls were very active today.

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Herbalife Ltd. (NYSE:HLF) had a nice move on the upside, closing slightly above the 50-day EMA on high volume. The stock hit a high of $63.48 which is now resistance for Tuesday’s follow through move. The Oct $65 calls saw some activity, suggesting someone is getting aggressive in the expectation of higher prices.

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Amedica Corporation (NASDAQ:AMDA) I am a patient trader. The stock is basing constructively above the rising 50-day EMA on hourly. The real fireworks should begin if price can close above the $1.05 area. As long as the stock can remain above 95c, I like the stock. The MACD line is starting to curl upward, which should eventually lead to price increases. Keep on watch list.

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: AMDA, CANF, HLF, S, ZUMZ

21:54 | Permalink |

My Watchlist for Monday, August 29

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Shares of Vuzix Corporation (NASDAQ:VUZI) are starting to heat up again and are worth watching. The stock broke out last week of a large flag formation. This technical move is very significant and could be marking a new trend higher that is still in the early stages of development. The MACD is also confirming this as it moves to cross up, while the RSI starts to go up. If volume can pick up I think this stock can break through resistance at $8.50 and re-test its recent highs around $9.30. I started a big position in VUZI.

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Adamis Pharmaceuticals Corp (NASDAQ:ADMP) As I expected, the stock had a very strong day on Friday, as the stock broke out of its key horizontal resistance line on the way to closing up 70 cents on the day. Friday’s high was $3.57, which is resistance for Monday’s follow through move. You want to keep an eye on ADMP so you do not miss when the stock does break through resistance.

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Last week's view on First Solar, Inc. (NASDAQ:FSLR) stock remains unchanged. The short-term outlook appears bullish and would remain so as long as the share price holds above $36.75. The immediate resistance is seen at $38.68 and then at $40.02. RSI and MACD are also showing some positive divergences on the daily charts. These technical factors suggest taking a long position with a stop at 36.75.

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There is no change from my previous updates on VirnetX Holding Corporation (NYSEMKT:VHC). I think the stock looks poised to move higher. The short-term trend is bullish and technical indicators suggest the upside bias is still in progress. RSI and the MACD lines are rising up, indicating strength in the upmove. To the upside the 2.93 level has now become resistance. To the downside the 2.53 level is seen as the next support level.

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Zynga Inc (NASDAQ:ZNGA) is showing signs of buying activity at current levels, as the stock has been able to hold up the past few sessions. Resistance level in ZNGA is the high of Friday, which is $2.71. Watch the stock closely next week for a possible move.

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I have Globalstar, Inc. (NYSEMKT:GSAT) on my watchlist due to the recent price action, volume and momentum. Potential swing long above 2.41

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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

Labels: ADMP, FSLR, GSAT, VUZI, ZNGA

18:03 | Permalink |

My Watchlist for Friday, August 26

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We finally got the breakout in Netflix, Inc. (NASDAQ:NFLX). Shares rallied past resistance of $96.55 (declining 200-day EMA) and hit my trigger to open positions. I'll be watching the stock on Friday, looking for a follow through move. I'm using the rising 50-day EMA as stop.

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Rackspace Hosting, Inc. (NYSE:RAX) After a healthy pullback in the last two weeks we got a big bullish impulse today that could signal the beginning of another move higher. Immediate resistance is at 30.41 (today’s high). A break above that area could trigger further upside recovery testing $31.5 area. Watch the stock on Friday.

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General Dynamics Corporation (NYSE:GD) watch for a possible breakout out of current consolidation.

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Amedica Corporation (NASDAQ:AMDA) successfully tested the support and closed above the 50EMA for the fourth time in a row. If shares can hold that $1 level then we could see a nice bounce in prices back towards the key 1.40 level. From a technical standpoint daily technical indicators are looking bullish. The MACD is above its signal line and is moving up in positive territory. RSI still above its 50% level.

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BlackBerry Ltd (NASDAQ:BBRY) has witnessed a healthy pullback to its 20-day EMA, which has acted as a nice support for stock. Plus, the stock has experienced a golden cross this week, which is a bullish technical signal that occurs when the 50-day moving average crosses above the 200-day moving average as both moving averages are rising. The main trend is up, the bulls are in control.

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KapStone Paper and Packaging Corp. (NYSE:KS) finally broke through its 200-day EMA. The volume confirmed the breakout as it was greater than average. Look for the stock to test the prior highs of June.

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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

Labels: AMDA, BBRY, GD, KS, NFLX, RAX

21:56 | Permalink |

My Watchlist for Thursday, August 25

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Netflix, Inc. (NASDAQ:NFLX) stock is stuck between the 50-day and 200-day exponential moving averages. watch these levels carefully and play accordingly.

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Pernix Therapeutics Holdings Inc (NASDAQ:PTX) Watch this short term rising channel, any break on volume can be played accordingly.

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VirnetX Holding Corporation (NYSEMKT:VHC) Nice rally on volume today despite the market's selloff. Watch this one tomorrow as it approaches a major resistance area. Daily technical indicators are starting to look bullish. Next buy area when it clears 2.93 on heavy volume. Could be a high flyer on breakout.

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Glu Mobile Inc. (NASDAQ:GLUU) continues to bounce nicely from severely depressed levels and appears poised to breakout above the 50-day moving exponential average. Oscillators indicators are also starting to turn positive. Keep it on watch.

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Nymox Pharmaceutical Corporation (NASDAQ:NYMX) made a huge reversal candle today in a weak market. If it breaks today's high of 4.58, further up move can be expected.

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QLT Inc. (NASDAQ:QLTI) displayed some impressive relative strength with a 6.9% gain on volume above average. I think we could see some follow through tomorrow. The next major resistance area is around $1.60 (100EMA).

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: GLUU, NFLX, NYMX, PTX, QLTI, VHC

22:35 | Permalink |

My Watchlist for Wednesday, August 24

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VirnetX Holding Corporation (NYSEMKT:VHC) remains oversold and is gaining momentum again. The price broke above the small bull flag formation by gaining 4 per cent on decent volume. I believe it is ready to post a nice bounce and I do not see any strong resistance on the technical chart until $3.48 (50EMA). We have all seen how quickly this stock can head higher, when the buyers come. A stop loss should be placed below 2.53

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Esperion Therapeutics Inc (NASDAQ:ESPR) is inching closer and closer to a breakout. Buying momentum is still positive and strengthening. I will continue to watch this stock. Nice gap to fill if it can break through resistance. The real fireworks should begin if the stock price can close above $11.60. As long as the stock can remain above 10.5, I like the stock.

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Adamis Pharmaceuticals Corp (NASDAQ:ADMP) had a remarkable move up today with very high volume. The short-term outlook is positive and a move to 3.30/3.5 appears likely. Among oscillators, the RSI and MACD are currently showing positive momentum.

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Clovis Oncology Inc (NASDAQ:CLVS) broke out in a big way on massive volume today after the company announced that the FDA has accepted Clovis’ NDA for accelerated approval of rucaparib and granted priority review status to the application with a PDUFA date of February 23, 2017. The heavy buying makes this an interesting situation and one worth watching on Wednesday. I believe we will see some nice follow through. I would look for a move up to $26.92 resistance. If it passes that, there is very strong resistance at $30 coming up next.

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Capstone Turbine Corporation (NASDAQ:CPST) had a very bullish move today breaking several resistance lines with large volume. With the MACD turning up and above its signal line, this stock could post a nice rally from current levels. Stay tuned.

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Toll Brothers Inc (NYSE:TOL) Big breakout on high volume. Buyable on a pullback to the pivot.

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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

Labels: ADMP, CLVS, CPST, ESPR, TOL, VHC

22:18 | Permalink |

My Watchlist for Tuesday, August 23

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Amedica Corporation (NASDAQ:AMDA) broke out into the gap area on heavy volume and there is a high probability for a trend continuation in the next sessions (closing gap). Daily technical indicators are showing signs of turning around.

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Chimerix Inc (NASDAQ:CMRX) displayed some impressive relative strength today with a 9% gain on volume above average. I think we will see some nice follow through tomorrow. The next major resistance area is around the $5 level. Could be a high flyer on breakout.

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If you like trading under cash small bio caps, check out this stock: Carbylan Therapeutics Inc (NASDAQ:CBYL). The company has $1.33 per share in cash but trades at 57c. From a technical standpoint, if the stock can break out above the 60c level with heavy volume, I think the stock could shoot up to test 70c area. There looks to be good upside potential, so watch the stock very closely on Tuesday. I started a position today.

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Glu Mobile Inc. (NASDAQ:GLUU) possibly basing for breakout. With the daily momentum indicators showing positive divergences on daily chart, I think a push to $2.5 or better could be in the making. Today's high volume could be a signal for trend change and the beginning of a potential major move higher.

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Achillion Pharmaceuticals, Inc. (NASDAQ:ACHN) could move toward 10 area if it breaks current horizontal resistance at 9.36

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Cesca Therapeutics Inc (NASDAQ:KOOL) was on my bottom scan at $4 on Friday and hit a high of $4.92 today. A good example of why bottom plays can be very lucrative, if you buy in at the right time. On the upside, I expect tough resistance at $5

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Ocean Power Technologies Inc (NASDAQ:OPTT) stock has been consolidating in recent weeks and is currently trading sideways.Watch for a possible breakout out of current consolidation (symmetrical triangle).

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: ACHN, AMDA, CBYL, CMRX, GLUU, KOOL, OPTT

21:58 | Permalink |

My Watchlist for Monday, August 22

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Pandora Media Inc (NYSE:P) seems to have reversed from its short-term downtrend and could be starting a new uptrend. The daily technical chart shows that the stock has been exhibiting the bullish pattern of higher highs and high lows since early June. Let’s see whether the stock can gather enough momentum to break through the key $14.02 level next week.

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Cesca Therapeutics Inc (NASDAQ:KOOL) broke out of a base consolidation pattern on Hourly, as the stock closed up 28 cents on high volume. I will be watching it Monday for a continuation of this breakout. The short-term trend is still bullish as the stock is still on top of all EMAs. Other good news, the MACD is perking up and the ADX is moving up. I think the stock has room to go higher. If the stock can break Friday’s high of $4.23, we should see a strong follow through move. Next resistance levels are $4.40 and then $6.50

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QUALCOMM, Inc.(NASDAQ:QCOM) is trading a very tight range and should make a move soon. The stock is developing a bull flag and the breakout should be a nice one if it can hold up. Keep an eye on QCOM as it is starting to tick up. The stock is in a bull market and should continue to go up as both 100 day and 200 day exp moving averages are heading up. At this stage it is definitely a wait and see if the resistance will be easily taken out by the bulls.

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First Solar, Inc. (NASDAQ:FSLR) From a technical standpoint, it looks like a bottom formation here. There are some signs of a possible bounce at this point due to oversold indicators and some positive divergences, which often leads to short covering. Let’s see whether the stock can gather enough momentum to break through the $38.30 level. I started a long position.

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ZIOPHARM Oncology Inc. (NASDAQ:ZIOP) is also recovering. Resistance is formed at 6.24 and a potential break should open the door for further gains to 7. I remain bullish for now, the 5.6/5.66 area should hold any weakness. Worth watching going forward.

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EnteroMedics Inc (NASDAQ:ETRM) is a penny stock to watch. The stock is catching the attention of market players after the Monday news. The company announced the publication of 24 month results from the Company's ReCharge Clinical Study. The article, titled "Two-Year Outcomes of Vagal Nerve Blocking (vBloc) for the Treatment of Obesity in the ReCharge Trial," was published in Obesity Surgery. The authors ofthis article noted that the safety profile of vBloc Therapy remained favorable at 24 months compared to complications observed with conventional bariatric procedures such as sleeve gastrectomy and gastric bypass. ETRM rallied +12.7% to close at 21c and traded massive volume action of 22M shares. Its technical daily chart shows some bullish signals as +DI is now going up and the MACD just crossed above the signal line. With this daily chart bull signal its very possible that we could see a continuation next week. Something must be up with this stock, but I urge you not to buy a significant portion of your trading capital, because this is a penny stock, so be careful with the position size.

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Alibaba Group Holding Ltd (NYSE:BABA) watch for a possible breakout of current consolidation (pennant formation).

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Citigroup Inc (NYSE:C) could accelerate toward 47.43-47.62 zone if it breaks 46.80 resistance.

Now that the Stockal app has settled down somewhat, let me talk about an interesting new feature these guys are launching in early September. Stockal will soon give you the ability to add multiple brokerage accounts into Stockal to see a unified view of your overall portfolio. So if you have an account with, say, TD Ameritrade and another with Fidelity - you can bring both into Stockal to get all your stocks in one place. Once you do that, Stockal will keep an eye on ALL your stocks and alert you whenever any of those need your attention. For instance, if there is an analyst upgrade or downgrade on any of your stocks, Stockal will let you know. Or if a stock's sentiment falls or many people are discussing the stock for some reason, Stockal can inform you. Having all accounts together in one place is also good 'coz your total invested capital and its total net worth will be visible to you all the time, in one place! Plus if you want to sell one of your stocks, Stockal will be able to seamlessly place your order via the brokerage account that you have that particular stock in. Cool, right? Just download the iOS app so that you get this feature on the next update.

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: BABA, C, ETRM, FSLR, KOOL, P, QCOM, ZIOP

09:46 | Permalink |

My Watchlist for Friday, August 19

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Domino's Pizza, Inc. (NYSE:DPZ) broke out of a bullish flag/consolidation it has been in for the past month. If a breakout above the 149.13 level occurs, we could see a continuation of current momentum.

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Intrexon Corp (NYSE:XON) The daily technical chart shows a potential cup and handle bottom pattern accompanied with bullish volume characteristics. Could accelerate toward 32-31.5 zone if it breaks the 30.38 resistance level.

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FireEye Inc (NASDAQ:FEYE) broke out into the gap area on solid volume today and there is a high probability for a trend continuation in the next sessions. Daily technical indicators are showing signs of turning around, with the MACD histogram showing the selling momentum started to diminish and the RSI starting to turn up from deep oversold levels. Started a position.

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I have been following Esperion Therapeutics Inc (NASDAQ:ESPR) for a few days now and surprisingly the stock showed some strength today. A break of $11.07 (20EMA) with force might give room to $11.70

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Digital Ally, Inc. (NASDAQ:DGLY) made a nice breakout today on volume. $7.23 is the next key level to watch on the upside. Supporting this bullish bias are the technical indicators MACD, RSI and Slow Sto all showing buy signal.

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Oasis Petroleum Inc. (NYSE:OAS) Nice breakout. If the stock can break today’s high of $10.40, we should see a strong follow through move.

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: DGLY, DPZ, ESPR, FEYE, OAS, XON

22:31 | Permalink |

AC Investor Blog

Seeking to provide independent day trading strategies based on Technical Analysis.

Tuesday, August 30, 2016

My Watchlist for Wednesday, August 31

Monday, August 29, 2016

My Watchlist for Tuesday, August 30

Sunday, August 28, 2016

My Watchlist for Monday, August 29

Thursday, August 25, 2016

My Watchlist for Friday, August 26

Wednesday, August 24, 2016

My Watchlist for Thursday, August 25

Tuesday, August 23, 2016

My Watchlist for Wednesday, August 24

Monday, August 22, 2016

My Watchlist for Tuesday, August 23

Saturday, August 20, 2016

My Watchlist for Monday, August 22

Thursday, August 18, 2016

My Watchlist for Friday, August 19

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