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Sunday, December 17, 2017 

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

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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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