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Saturday, August 06, 2016 

Here is my stock watchlist for Monday

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Daily technical chart is showing some bullish signal in its early stage. Dicerna Pharmaceuticals Inc (NASDAQ:DRNA) has been trading on a downward slope since January, but yesterday it finally broke the descending trendline on expanding volume, closing slightly below the declining 50-day EMA. This is a very bullish development and I expect more upside pressure on this stock in the coming days. If a breakout above the 3.49 level occurs next week, we could see an acceleration of momentum and move toward the 4-4.10 area, which is also my first trading target. Short-term technical indicators are strong and the MACD on the daily chart recently produced a new buy signal and the Slow stochastics and RSI are both rising, indicating bullishness. If the stock can break Friday’s high of $3.49, we should see a strong follow through move. DRNA will move very quickly, so keep a very close eye on the stock.

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Kitov Pharmaceuticals Holdings Ltd (NASDAQ:KTOV) As mentioned by me on Twitter, it looks like it is starting to turn. The stock closed 2.83% higher at 3,27 having seen a sharp rise in the final hour of the day on high volume. The stock appears ready to make another big run. I'm using Wednesday high of $3.34 as resistance. Once the stock breaks through, we should see a heavy increase in buying. KTOV will move quickly, so watch the stock closely on Monday.

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PTC Therapeutics, Inc.(NASDAQ:PTCT) had a significant bullish momentum Friday, made a strong break out above its 50-day exponential moving average as you can see on my daily chart above, which is very bullish. The stock is again setting up for a potential swing trade. From a technical standpoint, MACD and stochastic oscillator have turned up and RSI is again moving upward. Next resistance is located at $8

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Heat Biologics Inc (NASDAQ:HTBX) had a great move on the upside Friday closing the day at $1.34. The stock is setting up to break out and has one more level to go, which is $1.42. From a technical perspective, HTBX is back to bull market rally with MACD on top of zero and %K line on top of %D line. Watch the stock next week, because once it breaks through, it will run fast. Note: tight stops should be used.

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Oclaro, Inc. (NASDAQ:OCLR) had a solid breakout last week on almost double its average volume. The stock hit a high of $6.49 which is now resistance for the follow through move. The stock might face a period of sideways action while it consolidates the gains booked in the last sessions. OCLR has been in a nice uptrend for the last 6 months and it looks very strong with 20,50,100 and 200 day exp moving average going up.

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Advaxis, Inc. (NASDAQ:ADXS) jumped $1.40, or 10.8%, on Friday, closing just slightly below its long-term breakout point in the 14.60 area. If that level is broken, the stock price short-term could accelerate towards the 15.70-16 zone, which represents the next resistance area.

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Low float stocks have been skyrocketing in the last few weeks and think this one CombiMatrix Corp (NASDAQ:CBMX) has more fuel in the tank after the good guidance given by the CEO last week: Mr. McDonough "Given our current outlook, we expect to reach positive cash flow from operations by the fourth quarter of 2017." If it breaks this downtrend line on the daily chart Monday (around the 3.80 level) then it can test resistance level of 4.10 for the target of $5.19 with the stop loss of 3.38. If momentum continues as I expect next wk, I think there are lot of profits left on the table for traders to capitalize on.

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I alerted Clovis Oncology Inc (NASDAQ:CLVS) to my readers/twitter followers before crowd when it was trading around the 15 level. Traders/investors who saw the gold in my alert and took advantage of CLVS 13% climb, then congratulations. As i mentioned on twitter i took profits but will buy again on any pullback.

Everyone knows that there are many financial/stock market applications out there that provide real-time analytics for stock portfolios. Some of them are well done, other are not as well done. The point is that providing real-time analytics for stock portfolios to traders starts with having quality content. Quality content is about having unique information that will make users/readers want to keep coming back to your app/site each time it is updated. As I weekly do in this small space, I talk about the latest developments and progresses that my colleagues at Stockal are doing in their app. As an experience trader, every day I transmit to my followers that trading is not an easy task, but by no means is it difficult either. It’s all about knowledge, discipline, determination and perseverance. Stockal app can give you some help, provides real-time media analytics, insider trade alerts, and analyst intelligence that enables users to get indicators that tell them which stocks are more likely to move up/down and how market sentiment is changing about their stocks, and what events are likely to impact them. Get the iPhone app and Android app on their website at Stockal . By the way, the apps are totally FREE for you.

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 43 year old Independent Trader using proprietary technical analysis with more than 18 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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