Possible breakout plays to watch next week
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Im watching SCYNEXIS Inc (NASDAQ:SCYX) for a possible breakout from current consolidation. Long if it breaks consolidation over 3.72. A move above its 200-day EMA could lead to another wave toward 4.20 zone. SCYX will move very quickly, so keep a very close eye on the stock.
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Galectin Therapeutics Inc (NASDAQ:GALT) potential breakout trade above 1.18 resistance area (ascending triangle formation).
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Apple Inc. (NASDAQ:AAPL) Possible bullish consolidation pattern. Could accelerate if it breaks 120 resistance.
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OvaScience Inc (NASDAQ:OVAS) possible trend reversal trade if it breaks 1.65 resistance area. Could move toward 1.85 area if it breaks the EMA50 (Hourly). Volume surged in the last hour of trading on Friday, which is a strong indication of a potential breakout ahead.
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GenVec Inc (NASDAQ:GNVC) broke the falling wedge last week on the hourly chart and more bulls should join the party on a breakout above the immediate resistance line at 6.49. The short-term momentum indicators are starting to turn back higher.
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Honeywell International Inc. (NYSE:HON) shows an ascending triangle pattern formation on daily. Traders should watch for a breakout of the upper line. Breakout and sustaining above 118.71 will extend the uptrend.
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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Cummins Inc. (NYSE:CMI) watch for a possible breakout out of current consolidation. Breakout watch over 141.08
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MagneGas Corporation (NASDAQ:MNGA) had good volume and a nice candlestick on Friday, closing slightly above the key 0.525 resistance level. MNGA could be at the beginning stages of a major uptick.
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: AAPL, CMI, GALT, GNVC, HON, MNGA, OVAS, SCYX
