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