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Saturday, January 28, 2017 

My Watchlist for Monday, January 30

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Globalstar, Inc. (NYSEMKT:GSAT), which broke out of a falling wedge on Monday, continued to move higher Friday on heavy volume closing above the key resistance areas. I expect a continuation of the rally's momentum next week, targeting the 1.86 level. If a new breakout occurs, next resistance is in the 2.20 area, my short-term target.

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Eleven Biotherapeutics Inc (NASDAQ:EBIO) showed relative strength on Friday compared to rest of market, which is a very good sign for the week ahead. It closed at the day's high showing clear signs of a possible reversal in the trend. Volume is starting to pick up again and there could be a decent short covering if it clears next week the $2.20 level (EMA50). Plus, the MACD is showing a positive divergence and the RSI is back above the 50 reading forcing me to think the possibility of a trend reversal.

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Heat Biologics Inc (NASDAQ:HTBX) displayed some impressive relative strength on Friday with a 14.89% gain on volume well above average. I think we will see some nice follow through on Monday. The next major resistance area is around $1.39 (EMA200). Could be a high flyer on breakout. On the technical side, MACD and RSI all point to upward trend while accumulation/distribution line is also rising. Watch the stock closely next week.

Note: Heat Biologics to Present at NobleCon13 on Tuesday, January 31, 2017, at 10 a.m. Eastern Standard Time.

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Recon Technology, Ltd. (NASDAQ:RCON) watch for trend continuation toward 1.7 zone short-term. The breakout of the large triangle formation that the stock has been in for the past 3 months was a very positive sign, and I expect continuation of the trend in the coming days. Looking at the chart the stock closed back above all major EMAs and the MACD is rising. Further rise is expected.

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Pulmatrix Inc (NASDAQ:PULM) shares spiked another 51% on Friday as the shorts continue to be squeezed. Next major resistance lies at 3.59 followed by 3.89

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General Dynamics Corporation (NYSE:GD) rallied to a new 52-week high on volume. As long as the stock trades above the $180 level I will be looking for long opportunities.

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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 43 year old Independent Trader using proprietary technical analysis with more than 18 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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