My Watchlist for Tuesday, January 24
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Universal Display Corporation (NASDAQ:OLED) showed some nice strength today, despite weak market. Price broke through the key resistance at $60 accompanied with high volume. The stock hit a high of $62.3, which is now resistance for Tuesday’s continuation move. Key indicators on daily charts suggest continuation of positive bias and the stock price is likely to show further upside.
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FORM Holdings Corp. (NASDAQ:FH) momentum is coming back to this name. MACD and RSI look promising. This could indicate the potential for some upside gains in the very near-term. If it breaks the declining 100-day EMA at 2.36, the stock could easily retest its November highs of around $2.78.
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Shares of Nivalis Therapeutics Inc (NASDAQ:NVLS) rally on high volume today. I think the price could try and take a trip to $3 or so if volume comes in. This is another undervalued stock that Im watching closely. It can pop big time on any positive news.
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Shares of Onconova Therapeutics Inc (NASDAQ:ONTX) have room for a significant uptick beyond these levels. Volume starts to pick up again with MACD moving upwards. A move above $2.60 could trigger a sharp move higher. Long set-up on watch.
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Proteon Therapeutics Inc (NASDAQ:PRTO) looks poised to break higher. A move above 2.15 would confirm the breakout, with an initial target of 2.52 and secondary target of 3.10
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Viavi Solutions Inc (NASDAQ:VIAV) made a new 52-week high today, hitting $9.14 before closing the day at $9.01. I will watch the stock price tomorrow. Go long on the break of Monday’s high at 9.14
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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
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: FH, NVLS, OLED, ONTX, PRTO, VIAV
