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Thursday, November 23, 2017 

Stocks to keep an eye on Friday

Hello Everyone!! 

First of all Happy Thanksgiving Day to everyone. Tomorrow is gonna be a low volume trading day, however there are some stocks that could offer good opportunities to trade. I selected the following stocks based on the pattern and price action. Some of the stocks mentioned below could see high volatility at these levels, given the sharp rise in price. As always, don't forget to use a stop loss for these particular cases. I continue to see in some small caps high probability of big gains, therefore i will keep them in my portfolio. Trading small caps stocks can be risky, however where there are great risk, there can also be great rewards. My mission is always to share ideas based in something concrete that chart shows, it does not matter if it is small, mid or big caps. 

God bless you guys !! Be safe and enjoy this beautiful time of the year !!

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Riot Blockchain Inc (NASDAQ:RIOT) This stock had another bullish session on Wednesday, as this parabolic move continues with force. The RSI is very overbought but continues to point higher.

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Social Reality Inc (NASDAQ:SRAX) broke out yesterday and traded nearly 5x normal daily volume. The daily chart is very bullish with a lot of hot indicators showing up. The slope of this upward move is very steep accompanied by increasing volume. The current momentum could push this stock much higher from here, so keep it on the radar.

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Marathon Patent Group Inc (NASDAQ:MARA) also broke out but failed to close near the highs of the day and above this horizontal resistance level. The stock needs to close above this level on Friday to indicate a continuation of the rally.

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Xerium Technologies, Inc. (NYSE:XRM) The technical daily chart is showing that the stock is on a bounce back rally after it lost more than 50% of its value since the start of August. The RSI is turning up and is now at 40 levels. MACD indicator is rising above 0 also indicating a buy, and KD line shows the stock is on the positive swing. The accumulation line is beginning to turn around which suggests the stock is no longer being sold off. If the Bulls are able to push through the declining EMA20 at 4.13 level, there will be a new rally towards $4.70

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Ampliphi Biosciences Corp (NYSEAMERICAN:APHB) My next small bio cap trade idea has been trading around its EMA50 in the last trading sessions and the stock appears to have successfully reversed its recent downtrend. Momentum indicators are slightly bullish now with RSI rising. The strongest sign of a bullish momentum is the MACD indicator which has just started to increase. Price is expected to at least rally the next resistance at $1.35 and even go higher to test the $1.5 level.

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As I've mentioned earlier, Rewalk Robotics Ltd (NASDAQ:RWLK) has shown increased trading activity and signs of being under accumulation or being bought by institutions. I believe that shares have room for a significant uptick beyond these levels. This stock has a history of big bounces, so keep an eye on it.

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BlackBerry Ltd (NYSE:BB) has been forming a large cup with handle pattern on the daily timeframe. Such type of formation typically resolves itself to the upside. The handle in the chart is resembling a flag formation and this sideways move is usually the final consolidation before the breakout.

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Xunlei Ltd (NASDAQ:XNET) Keep a close eye on this one tomorrow, looks ready to break out into new high territory.

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Another one that looks like a good long opportunity. With yesterday's move on decent volume, Valeant Pharmaceuticals Intl Inc (NYSE:VRX) shares are back over the 200-day exp moving average for the first time in months, which I've been waiting on to add the name back to the portfolio again.

During the day I tweet many times to my readers. I encourage everybody to subscribe AC Investor Blog twitter and newsletter, so you can receive my trade ideas and stock news in real time.

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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  • I'm a 46 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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