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
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
