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Monday, May 28, 2018 

Tuesday May 29th Watchlist

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BlackBerry Ltd (NYSE: BB) has been consolidating in a flag formation over the last three weeks after a strong rally since the beginning of the current month. On Friday, the stock broke out of the flag pattern and closed up 18 cents to $11.75 on solid volume. A move above 11.88 would confirm the breakout and could lead to 12.51 initially and then 13.18, my secondary target. Technicals are showing bullish signals supported by positive RSI and MACD indications.

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Infinity Pharmaceuticals Inc. (NASDAQ: INFI) remains high on my radar for this week. Phase I (IPI-549 + Nivolumab – Solid tumors) data will be presented at ASCO in June 4, Abstract 3013. Technically, the stock might attempt to breakout above the $2.07 level and if it succeed we should expect a strong move to the upside. Long setup on watch.

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Neuralstem, Inc. (NASDAQ: CUR) Price should become explosive if this trendline is broken to the upside on volume. From a technical standpoint, the stock has an up trending MACD, indicating potential accumulation and an up-trending RSI at 48 indicating room for potential further gains. CUR needs to be at the top of your watch list.

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Adomani Inc (NASDAQ: ADOM) had a strong bounce from the support in the $1.05 area (EMA50) on heavy volume. Friday’s high is resistance for a follow through move on Tuesday.

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Ekso Bionics Holdings Inc (NASDAQ: EKSO) is testing an important short-term resistance level (EMA13). The MACD Hist is giving bullish divergence signals and there are increased chances of a start of a new upward move that can bring the price towards 1.85 (EMA200).

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OpGen Inc (NASDAQ: OPGN) had another very productive day as we saw gains of over 11% and I believe it has more room to run. The short-term outlook remains positive for the stock. The stock finds an immediate resistance at 2.25 and support at 2 followed by 1.87

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Cara Therapeutics Inc (NASDAQ: CARA) broke out to new 52-week highs on Friday and I'm expecting to see the stock continue this move on Tuesday. As long as the stock stays above the $15 area, the bullish scenario is still intact.

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This "Bullish flag" formation on hourly indicates a healthy consolidation. Watch for a break higher. Stop 22.35

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Shares of Viking Therapeutics Inc (NASDAQ: VKTX) are starting to heat up and are worth watching. If volume can pick up I think this stock can break through resistance around 5.58 and re-test its February highs.

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Roku Inc (NASDAQ: ROKU) Keep an eye on this one, looks poised to break out and run higher. Bulls have upside technical momentum.

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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