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Tuesday, December 13, 2016 

My Watchlist for Wednesday, December 14

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Adamis Pharmaceuticals Corp (NASDAQ:ADMP) surged 10% or 30 cents to $3.25 per share on unusual volume. If the stock continues to get attention, it could break the $3.73 level (EMA200) in the coming sessions, which would be a remarkable gain. Keep a close eye on the stock for the follow through move. Could be a high flyer on breakout. Among oscillators, the RSI and MACD are currently showing positive momentum.

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Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) had a remarkable rally Monday on solid volume. Watch this horizontal resistance line carefully here. A move above $1.47 could spark a nice short-squeeze. From a technical standpoint, the daily chart suggests that the reversal might have legs as MACD is showing a positive divergence.

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Paypal Holdings Inc (NASDAQ:PYPL) watch for a possible breakout of current consolidation.

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Southern Co (NYSE:SO) showed buying strength all day and has regained the EMA200 for the first time in over 6 weeks. Could accelerate toward 50.5 zone if it breaks the declining EMA100.

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Cemtrex Inc (NASDAQ:CETX) Strong rally on volume today. Watch this one tomorrow as it approaches a major resistance area. All technical indicators are looking bullish.

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Hertz Global Holdings, Inc (NYSE:HTZ) bounced strongly today off the 22.50 level and there looks to be enough momentum to carry it back above 25.50 again. On watch.

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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

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  • 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.

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