Stocks to Watch for Aug 09, 2016
( click to enlarge )
I think Seres Therapeutics Inc (NASDAQ:MCRB) has formed a nice bottom and could see a move higher. 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 today.
( click to enlarge )
Ambarella Inc (NASDAQ:AMBA) has been in a bullish consolidation over the last 3 weeks and appears ready for another breakout. Keep on watch.
( click to enlarge )
Esperion Therapeutics Inc (NASDAQ:ESPR) Possible bottom play here. The stock seems to be forming an ascending triangle bottom with resistance at 11.70. A breakout could happen at any time as we are currently near the apex.
( click to enlarge )
Valeant Pharmaceuticals Intl Inc (NYSE:VRX) Watch this small bull flag. Keep an eye for a possible breakout over 22.78.
( click to enlarge )
Shares of SCYNEXIS Inc (NASDAQ:SCYX) are starting to heat up again and are worth watching. If volume can pick up I believe this stock can break through resistance at $2.15 and re-test its recent highs around $2.35 Note the positive divergences on the MACD, RSI and the CMF.
( click to enlarge )
Heat Biologics Inc (NASDAQ:HTBX) Some signs of a reversal on price action mentioned on the weekend post did work out as I expected. The stock had a bullish move today breaking several resistance lines and could eventually rally up to test the March highs in the next sessions. On watch.
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
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, ESPR, HTBX, MCRB, SCYX, VRX
