My Watchlist for Wednesday, September 14
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It's very clear that Wynn Resorts, Limited (NASDAQ:WYNN) wants to move higher again, but the stock needs to take out $105.16 first. The break of the resistance line with heavy volume should be the next buy point. If a breakout occurs, we could see an acceleration of momentum and move toward the 109.38-112 area. Watch the stock closely this week.
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Vonage Holdings Corp. (NYSE:VG) looks to be setting up for another upside move. The stock is in the top of a short-term trading range. Resistance is $5.97. At this stage it is definitely a wait and see if this resistance will be easily taken out by the bulls. Stay tuned.
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PTC Therapeutics, Inc. (NASDAQ:PTCT) Big bounce in the final hour on a weak market. The stock is coiling up in a tight pattern for a move higher. Breakout still possible.
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Amedica Corporation (NASDAQ:AMDA) is starting to heat up again and I expect to see it trading above $1.15 or better very soon. This bottom play has started to bounce nicely off its recent bottom and the momentum indicators are giving a clear picture of a short-term upward bias. I would not be surprised if it hit $1.19 at some point this week.
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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MGT Capital Investments Inc.(NYSEMKT:MGT) is showing signs of bottoming out on the Hourly charts along with the MACD giving positive signals. It seems ready for a decent bounce to 3.7-3.75 levels where it faces some resistance.
If you want to contact me for advertising opportunities on blog or twitter, then get in touch via emailDisclaimer : 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: AMDA, MGT, PTCT, VG, WYNN
