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Thursday, June 01, 2017 

My Watchlist for Friday, June 02

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LightPath Technologies, Inc. (NASDAQ:LPTH) Broke out today. Good pattern and accumulation here, but I need to see further upside confirmation before adding a new long position.

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Alcobra Ltd (NASDAQ:ADHD) has a very interesting daily technical chart and could have a bigger move soon. The break of the next key resistance with heavy volume should be the next buy point. If it clears resistance at $1.21, the move may be powerful. The guru Chuck Royce increased its position by 367.24% during the fourth quarter and by 15.50% in the first quarter. He holds 2.7% of the company's outstanding shares.

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Cerecor Inc (NASDAQ:CERC) this small biotech was added to my watchlist as a possible bottom bounce-play. The chart is displaying positive divergences on momentum indicators and with the stock in oversold territory, these are the perfect conditions for a short-term rally. MACD is starting to curl up, suggesting that a positive crossover could be coming soon. I would look for a move up to $.67 resistance soon. Insiders are buying again.

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Ardelyx Inc (NASDAQ:ARDX) has sold off over the past several days but looks to have found a bottom. I feel that this stock can easily run to 6's in the near term.

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Connecture Inc (NASDAQ:CNXR) had a big pop today and it finally broke out of a base pattern that has been forming since the beginning of the month, which is very bullish. The technical daily chart appears to be bottoming. Watch for continuation tomorrow.

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BlackBerry Ltd (NASDAQ:BBRY) made a new 52-week high today, hitting $11.74, before closing the day at $11.39 after Citron Research said that Blackberry is a likely target for a buyout at a high premium. As i said several times on Twitter, i will double my money here. The shorts are completely desperate again to protect their bad positions. Play what you see on charts.

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Synergy Pharmaceuticals Inc (NASDAQ:SGYP) is recovering quickly from its recent bottom with RSI moving upwards. Only a close above the 3.83 level will convince me that the current rally has some more legs to go.

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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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I like your approach to your stock picks. Most of what you pick is clear and makes good sense. I am a simple trader and like to be able to enter a stock with clarity on my risks and rewards. Thanks for your insights.

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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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