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Wednesday, February 01, 2017 

My Watchlist for Thursday, February 02

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Infinera Corp. (NASDAQ:INFN) Potential breakout play. Watching over 9.16 with resistance at 9.62

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Infinity Pharmaceuticals Inc. (NASDAQ:INFI) broke out of a bullish flag pattern, resuming its up trend by closing above the previous peak. A break above 2.64 could accelerate the stock higher.

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Nivalis Therapeutics Inc (NASDAQ:NVLS) is finally stepping up after basing for the past 6 weeks. The price broke and closed above the declining 20-day EMA for the first time since November. If this daily technical chart does what is supposed to do, the price will be going higher in the days to come, plenty of room to upside.

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EnteroMedics Inc (NASDAQ:ETRM) seems to be a promising stock to follow tomorrow. The stock had a large spread and large volume today successfully breaking above its short-term EMAs. If it can get back over 9 look for a move to resistance at 10 and then to 10.51. You should use tight stops here.

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xG Technology Inc (NASDAQ:XGTI) hit my scanner today after closing with a gain of 23%. The stock may be forming a bottom after being in a downtrend for weeks. It has a good base at 1.65 which can be used as a stop loss for long position. On the upper side, the move is likely to accelerate above 2.40. I expect some follow through on Thursday.

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Nice tweeted under 1.95 today. Concordia International Corp (NASDAQ:CXRX) closed strong and above the 20-day EMA. This momentum could push this stock much higher from here. Next resistance is now seen at 2.39 then 2.55. With the RSI rising off an oversold condition and with MACD crossing over the signal line, the stock looks prime for a continuation of Wednesday's rally.

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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.

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About Me

  • 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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