My Watchlist for Friday, February 17
( click to enlarge )
Arrowhead Pharmaceuticals Inc (NASDAQ:ARWR) is setting up to break out and has one more level to go, which is $2.27 (EMA50). The stock is a short squeeze candidate, with a short float at 17% equivalent to 15 days of average volume. From a technical standpoint, indicators are looking bullish. MACD crossed back above zero line and RSI is rising in positive territory. Accumulation line is also rising. ARWR is a fast moving stock, so you need to watch it closely tomorrow, because once it breaks through 2.27, it will run fast.
( click to enlarge )
Leading Brands, Inc (NASDAQ:LBIX) had a big pop today and finally broke out of a base pattern with an increase in volume. I feel that this stock can easily run to 2.7's in the near term due to its low float.
( click to enlarge )
I'm still holding ParkerVision, Inc. (NASDAQ:PRKR) with patience for higher expected levels ahead. We need to keep a close eye on the EMA50. A break and close above it could take the price towards the next resistance around the $3 level. MACD is rising and CMF is positive, supporting a move higher. On watch.
( click to enlarge )
Medallion Financial Corp (NASDAQ:MFIN) looks like a possible V-Bounce candidate. Technical chart is displaying upside momentum again. I will be watching this stock closely on Friday for a breakout above 2.50. Plus, I saw unusual options activity.
( click to enlarge )
PTC Therapeutics, Inc. (NASDAQ:PTCT) tried to breakout above the $14.12 level today but failed. Only a close above this level would suggest further upside.
( click to enlarge )
Zosano Pharma Corp (NASDAQ:ZSAN) continues to trade heavy volume. The stock needs to work out the extreme overbought conditions with a small correction or consolidation to atract demand again. The immediate support is seen around 2.80. A clear break below this level, could lead price to neutral zone in nearest term testing 2.40 region. On watch.
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
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: ARWR, LBIX, MFIN, PRKR, PTCT, ZSAN
