My Watchlist for Monday, June 19
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Shares of Plug Power Inc (NASDAQ:PLUG) are clearly under accumulation at current levels as investors become familiar with this company's potential. On Friday, the broke out of a small consolidation pattern on High volume and could eventually rally up to test its recent high around the 2.70 level. The technical chart shows bullish sign with RSI above the 50% level and MACD rising.
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Recro Pharma Inc (NASDAQ:REPH) has achieved a boost during Friday’s market as traders witnessed the extreme oversold position, driving shares up 1.61%. With its support around the $5.9 levels (Possible double bottom), Friday candle proved that this support is holding nicely and that a bounce is about to take place. Daily technical indicators are showing some nascent signs of bullishness. If we reclaim the $6.5 level, i expect a rapid move toward 7.30 area. There could be good upside in REPH so watch the stock closely on Monday.
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Euroseas Ltd. (NASDAQ:ESEA) appears to be poised for a nice bounce off this bottom. The rising MACD/ADX on daily may be an early sign of trend reversal. Could make a huge move to the upside. A break of $1.36 with force might give stock room to $1.8. Keep it on your watch list.
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Globalstar, Inc.(NYSEMKT:GSAT) closed on Friday just above the break out point after some decent swings. It may attempt to go higher from here. If the near-by support at $2.13 (EMA13) holds up next week, a rally up to the $2.48 level is probable or even possible. Only a close below $2.08 would negate the positive outlook.
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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Sanchez Energy Corp (NYSE:SN) broke through resistance at $7.43 accompanied with high volume on Friday. We should be able to see some decent upside movement for the bulls here. Next resistance lies at $8.26
If you want to contact me for advertising opportunities on blog or twitter, then get in touch via emailDisclaimer : 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: ESEA, GSAT, PLUG, REPH, SN
