-Financial Tools Futures Market--TRADE IDEAS-- OPTION ALERTS -BENZINGA PRO-

« Home | Stocks to Watch for Aug 09, 2016 » | Here is my stock watchlist for Monday » | Stocks to Watch for Aug 04, 2016 » | Stocks to Watch for Aug 02, 2016 » | This is my watchlist of stocks for Monday 01 Aug » | Stocks to Watch for July 29, 2016 » | Stocks to Watch for July 28, 2016 » | Stocks to Watch for July 27, 2016 » | Stocks to Watch for July 26, 2016 » | Here are 7 Stocks to Keep An Eye On » 

Tuesday, August 09, 2016 

Stocks to Watch for Aug 10, 2016

( click to enlarge )

Valeant Pharmaceuticals Intl Inc (NYSE:VRX) broke out and traded nearly 6x normal daily volume. Today's heavy volume was what we want to see when a stock breaks resistance. It has the potential to make a nice run on Wednesday. Momentum indicators are bullish now with RSI inching away above the middle level. The strongest sign of a bullish momentum is the MACD which has just started to increase. The ADX is also showing positive signs on the stock. Today’s high was $28.18, which is resistance for the follow through move. With a combination of good earnings and a breakout with high volume, we should see a continuation of the rally for a couple of days.

( click to enlarge )

PTC Therapeutics, Inc. (NASDAQ:PTCT) continued its bullish momentum closing the session with a gain of 2.68% at $7.8. Immediate resistance remains around $8. A clear break above that area could trigger further bullish pressure targeting the 100-day exponential moving average at $9.20. Momentum indicators also point to continuation of positive bias.

( click to enlarge )

Horizon Pharma PLC (NASDAQ:HZNP) made a significant move today closing above major resistance level of $22 on high volume. This breakout suggests a possible move to $23.10 in short-term.

( click to enlarge )

Sientra Inc (NASDAQ:SIEN) finally broke and closed above resistance in todays trading session after a period of consolidation. The heavy buying makes this an interesting situation and one worth watching on Wednesday. This momentum could push this stock much higher from here. Next resistance is now seen at $8.50

( click to enlarge )

Ambarella Inc (NASDAQ:AMBA) finally broke out of this bull flag pattern I posted last night.

( click to enlarge )

Still holding this low float stock. CombiMatrix Corp (NASDAQ:CBMX) closed higher today on decent volume as the stock is trying to make an upside move. It could be on the cusp of a big breakout to the upside.

( click to enlarge )

VirnetX Holding Corporation (NYSEMKT:VHC) surged more than 5 percent today accompanied by a good volume expansion. The stock is showing signs of bottoming out on daily charts along with the RSI giving positive signals. Gap over 2.66

( click to enlarge )

Vuzix Corporation (NASDAQ:VUZI) made a strong upside reversal, printing a nice bullish candle on solid volume. Resistance for tomorrow is $7.75, which was today's high.

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.


Labels: , , , , , , ,

Bookmark and Share


About Me

  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 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.

  • Benzinga.com supporter

    Benzinga.com supporter


      Enter your email address:

      Delivered by FeedBurner

      Subscribe my feed :

    Support AC

    • Support AC Investor Blog, Donate with PayPal


      Interested in advertising on AC Investor Blog ? Click Here


    Site Information

    Stock Market Blogroll

    Friends BLOGROLL


Powered by Blogger
and Blogger Templates

Add to Google