AC Investor Blog: 12/01/2017

Stocks to keep an eye on Thursday, December 21

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BlackBerry Ltd (NYSE:BB) broke the neckline of this cup with handle pattern accompanied by strong volume. The upside target of the pattern is $15. Long-term technical indicators are improving and the MACD on the daily chart recently produced a new buy signal. If the stock can break today’s high of $12.36, we should see a strong follow through move tomorrow. BB will move very quickly, so keep a very close eye on the stock.

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Superconductor Technologies, Inc. (NASDAQ:SCON) successfully broke the resistance at $1.15 and the downtrend line confirming a reversal from the previous downward trend. From the technical daily chart KD line shows positive signals as %K line is rising on top over %D line, and RSI continues moving up. I suspect the stock may continue to appreciate over the coming sessions.

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Pernix Therapeutics Holdings Inc (NASDAQ:PTX) is on high alert. There is a high probability that the stock will finally break this downtrend line and move up big and fast, particularly as many indicators are turning up. PTX is certainly an interesting reversal and short-squeeze candidate.

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Payment Data Systems, Inc. (NASDAQ:PYDS) Worked well for me this week, let the stock consolidate this run and buy the break of $4 using the rising 9-day EMA as stop.

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Shares of NXT-ID Inc (NASDAQ:NXTD) continue to be very volatile and a stock worth watching. I plan to buy this name again the next time it breaks up through $3.6.

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Cleveland-Cliffs Inc (NYSE:CLF) made a nice upside reversal in a weak market today. Let’s see whether the stock can gather enough momentum to break through $7.08. Clear break above this key area could trigger further bullish recovery testing 7.50

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Synergy Pharmaceuticals Inc (NASDAQ:SGYP) broke and closed above the key resistance area of 2.11 accompanied by high volume, so keep an eye on it to see if tomorrow will confirm the breakout. Indicators are looking bullish.

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Spherix Inc (NASDAQ:SPEX) Coiling up here. The stock showed buying strength today. Long and will add on break of the $1.71 area. A break above this level could result in an acceleration to the upside targeting the 2.35 zone. Short-term Momentum indicators also point to continuation of positive bias. Keep on watch.

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

Labels: BB, CLF, NXTD, PTX, PYDS, SCON, SGYP, SPEX

22:46 | Permalink |

Here are few stocks to watch next week

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Roku Inc (NASDAQ:ROKU) continues to show a lot of strength. On Friday, the stock broke the pennant formation on volume double than the average, closing at new all-time highs. These signs show high probability for continuation of the current uptrend momentum in the next week. The stock hit a high of $53.17, which is now resistance for Monday’s continuation move.

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Riot Blockchain Inc (NASDAQ:RIOT) is another stock that continues to perform well. It has bounced nicely in the last two trading sessions but the price needs to break this consolidation area to expect another move to the upside. Any close above the 29.49 level next week shall be considered a sign of strength. Tight stops should be considered.

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Crocs, Inc. (NASDAQ:CROX) Solid breakout with volume expansion. I'm looking for a continuation move on Monday. Buyable on a pullback to the pivot.

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The recent pull back on BlackBerry Ltd (NYSE:BB) created a buying opportunity. The stock closed the week again above its major EMAs and broke the descending channel. Let’s see whether the stock can gather enough momentum to break through $11.04. If the Bulls are able to push through this level, there will be a strong rally towards $11.70. Please Note: Earnings on Wednesday 20th Dec.

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Overstock com Inc (NASDAQ:OSTK) Momentum play. Watching over $70.

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Digital Power Corporation (NYSEAMERICAN:DPW) Set to rebound to new Highs. The 5.35/5.5 area is a critical resistance region that can determine overall bias for the stock in short-term. Keep an eye on these levels. As you can see on the hourly chart above, the rising 50-hourly EMA has been a good support for the stock, so use it as the stop-loss.

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Friday marked an important shift in Bottomline Technologies (NASDAQ:EPAY) shares as they closed above a major horizontal resistance line that has been forming since October. The stock traded heavy volume as it hit a high of $35.99. This high is resistance for Monday’s continuation move.

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Forterra Inc (NASDAQ:FRTA) had a huge breakout day on Friday and closed above the declining 200-day EMA at $10.18. The breakout was on high volume. The next key resistance levels are located around the $13 levels.

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As I mentioned last week on twitter, Intec Pharma Ltd (NASDAQ:NTEC) looks like it is a decent risk reward long play here. The price action is too near a major support level to open a short trade, but there are clear bullish reversal signs (MACD and Slow Stochastic) to justify a long trade. Keep NTEC on your radar and watch it trade.

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Jones Energy Inc (NYSE:JONE) had a strong move into the close on Friday breaking this falling wedge pattern on hourly chart. Technical chart shows bullish sign with %K line is on top of %D line and MACD on top of signal line. Watch for continuation. Next resistances for the stock are $1 and $1.19. Only a close below 73c reverses the current uptrend.

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

Labels: BB, CROX, DPW, EPAY, FRTA, JONE, NTEC, OSTK, RIOT, ROKU

11:11 | Permalink |

My Watchlist for Wednesday, December 13

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Cisco Systems, Inc. (NASDAQ: CSCO) Looking good, making new highs. The stock hit a high of $38.10 but failed to close above the $38 level again. I expect to see a high volume move once the stock breaks through the highs, as traders are watching this stock closely.

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TherapeuticsMD Inc (NASDAQ: TXMD) Good winner today. This one needs to make new highs on heavy volume to be a long play. Call options were active.

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Recon Technology, Ltd. (NASDAQ:RCON) shares gained more than 14 percent, closing near its highs of the day on solid volume. The stock broke through resistance and out of a falling wedge pattern (Bullish). The technical daily chart shows bullish signals as both MACD and KD are now going up and the stock closed above the 200-day EMA. If it breaks $1.37 tomorrow the stock will absolutely fly into the 2's right away. Im long.

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Sunshine Heart Inc (NASDAQ:CHFS) I still like this stock for a nice rebound in price. This company has a great device product, that seems to be attracting the interest of some Billionaires. Chiang Li Family reported a 13.1 Percent Passive Stake in the company last week.

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Celsion Corporation (NASDAQ:CLSN) looks poised to move higher after a nice healthy low volume consolidation. It is holding up nicely above the major short-term EMAs. On the upper side, the move is likely to accelerate above $2.91 targeting the 200-day EMA at 3.85

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Aytu Bioscience Inc (NASDAQ:AYTU) I think this stock has found a nice support around the $2.35-$2.5 range and looks poised to post a significant bounce from here. Today's high volume could be a signal for possible trend change. Im long.

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

Labels: AYTU, CHFS, CLSN, CSCO, RCON, TXMD

21:47 | Permalink |

Have a look at these stocks and put them on your watchlist for next week

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Uniqure NV (NASDAQ: QURE) has been in a consolidation over the last 7 weeks in the 14.5-16.3 range after a big surge in price and volume in October. Yesterday, broke above the key resistance area, closing at 17.82 on decent volume, thus confirming that the stock has renewed momentum. In the coming trading sessions we could see extension of this new momentum towards the $20 area.

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MoSys Inc. NASDAQ: MOSY bounced nicely from its 100-day EMA yesterday on solid volume. A successful retest of the major supports/breakout zones is usually a good time to buy. It indicates the start of a new uptrend and offers investors an entry with low-risk. Momentum could move stock to the 1.55 area in the next few trading days.

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MagneGas Corporation NASDAQ: MNGA is another stock that absolutely deserves to be brought to my readers attention. This stock is in the process of bottoming and I expect a pop above 50c at some point in the coming days. The Chaikin Money Flow indicator is rising, signaling some accumulation. Therefore, investors should be watching a potential breakout of the downtrend that began in March of this year. This was a stock that was trading over $1 not long ago. A pop to 76/80c in short-term would not be suprising considering the fall this stock has seen. It's certainly a lotto play, but one that could surely pay off with a quick 100% gain. My system gave me a buy alert and I bought the stock on friday. I will use the 30c level as a stop. (keep in mind, this is a penny stock).

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CHF Solutions Inc NASDAQ: CHFS closed strong in after-hours, following the news that Chiang Li Family Reported a 13.1% Passive Stake in the company. I alerted this stock yesterday when it was trading at $3.40. I expect a nice gap up at the open Monday. Next major resistance lies at 4.84

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Digital Power Corporation NYSEAMERICAN: DPW I sold my entire position las week, but i decided to share the 5m chart with you to give an overall picture of the current short-tem pivot points. It has been a roller coaster ride in the last two sessions and a stock that can be traded actively during the day. From a technical standpoint, as long as the stock closes above $3, the bullish scenario still intact, however i recommend you to use tight stops because next week should be more of the same, volatile sessions. This is a great stock for day traders at this point :) i like it. Immediate support 3.14, resistance 3.7

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Remark Holdings Inc (NASDAQ: MARK) had a good move on Friday. The stock broke out of flag pattern to the upside by surging more than 19% on heavy volume. This is a trend reversal pattern suggesting a halt in the bearish trend. If we can hold on here look for a test of resistance at 9.5 then above we could retest the highs at 9.79. Definitely one to keep a watch next week.

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Horizon Pharma PLC (NASDAQ: HZNP) stock finally closed above the November pivot high last week on solid volume. This Bullish sentiment could push the stock price to the next key resistance of $16

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Neuralstem, Inc. (NASDAQ: CUR) Typical pullback on very low volume after a great run. The accumulation indicator on chart shows clearly the strength of conviction behind this bullish trend. I believe it should resume the uptrend towards the previous top 3.09

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BioCryst Pharmaceuticals, Inc. (NASDAQ: BCRX) looks about ready to pop. The stock needs to close above the declining 200-day EMA to expect a strong rally at this point. Long setup on watch.

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Valeant Pharmaceuticals Intl Inc (NYSE: VRX) continues to perform well and closed above the declining 50-day EMA on the weekly chart for the first time since September of 2015, sign of trend reversal. The stock traced out a nice setup and the upside breakout has a lot of power IMHO. Volume surged and this breakout looks like it is here to stay. There looks to be good upside in VRX, so keep it on your radar the next weeks.

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

Labels: BCRX, CHFS, CUR, DPW, HZNP, MARK, MNGA, MOSY, QURE, VRX

17:06 | Permalink |

Stocks on my Watchlist for Next Week

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Ekso Bionics Holdings Inc rebounded from its 200-day EMA located at $2.22 and closed gaining nearly 3% on Friday, which is a bullish sign. I'm watching the stock to breakout the resistance level at $2.5 which will tell us that the current down trend should be over. Keep EKSO in your watchlist.

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Eyegate Pharmaceuticals Inc rebounded nicely last week from the support line and retested the 100-day EMA on Friday. The volume was strong and the accumulation/distribution line has turned up, which is a clear sign that the money is flowing into the stock again. If it breaks the 1.24 level on Monday, the first target is $1.43 which is also the 200-day EMA followed by 1.60 (to fill the gap). FDA data coming soon. This is a stock worth watching into next week.

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Versartis Inc broke out on huge volume. The stock showed some nice strength on Friday despite the market was down. If this technical daily chart does what is supposed to do, it will be going higher in the days to come and may retest the resistance at $2.90. The stock hit a high of $2.35, which is resistance for Monday’s continuation move. Let's keep an eye on her as i think momentum will pick up.

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Pulmatrix Inc NASDAQ: PULM made a nice move on Friday and it was with an increase in volume, which shows us there are buyers in the stock. The immediate resistance level for the stock is $1.69, but don’t be surprised to see some additional resistance at the $1.82 price level. I expect to see volume increase once the stock breaks resistance (1.69). MACD indicator is showing a positive divergence and the Relative Strength Index (RSI) is back above the 45 reading forcing me to think the possibility of a trend reversal. Long setup to watch.

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W&T Offshore, Inc - After a healthy correction in the last four weeks we got a big bullish impulse Friday that could signal the beginning of another move higher. Watch the stock on Monday.

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Denbury Resources Inc. (NYSE: DNR) watch for a possible breakout out of current consolidation. Long over $2

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Curis, Inc. (NASDAQ: CRIS) has done almost nothing but go down since the beginning of November. On Friday, the stock bounced in a big way and looks to continue its upward trajectory next week. Finding a bottom in this market can be a great way to profit. Based on the technical indicators the trend seems to be changing, so I think CRIS will see $1 and better next week.

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California Resources Corp (NYSE: CRC) hit new highs of $17.84 on Friday, which is resistance for the follow through move next week. If the stock can break through highs, we should see another high volume move as the stock moves higher. Long setup on watch.

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PZZA had some decent buying action on Friday. I suspect there is more upside to this bounce and would recommend keeping your eyes on this stock next week. It should make for a good trade. I'm using the $60.51 level as the immediate resistance.

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

Labels: CRC, CRIS, DNR, EKSO, EYEG, PULM, PZZA, VSAR, WTI

14:52 | Permalink |

AC Investor Blog

Seeking to provide independent day trading strategies based on Technical Analysis.

Wednesday, December 20, 2017

Stocks to keep an eye on Thursday, December 21

Sunday, December 17, 2017

Here are few stocks to watch next week

Tuesday, December 12, 2017

My Watchlist for Wednesday, December 13

Saturday, December 09, 2017

Have a look at these stocks and put them on your watchlist for next week

Sunday, December 03, 2017

Stocks on my Watchlist for Next Week

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