Hot stocks to watch next week and a few small caps to keep an eye on
( click to enlarge )
iQIYI, Inc (NASDAQ: IQ) remains one of the hottest stocks on the market right now. It has been in a nice uptrend for the last four weeks and it looks very strong with all major short-term EMAs going up. IQ is very overbought, so this means a possible correction is near and this may give us a chance to jump in on the stock when it moves lower. IQ is a stock to keep an eye on for awhile.
( click to enlarge )
HUYA Inc (NYSE: HUYA) is another IPO play overextended and vulnerable to a correction after a period of remarkable gains.
( click to enlarge )
Kadmon Holdings Inc (NYSE: KDMN) looks to be setting up for an upside move, as the stock has held up well the past few days. KDMN is in the top of a short-term trading range. Resistance is $3.96. At this stage it is definitely a wait and see if the resistance will be easily taken out by the bulls. On watch.
( click to enlarge )
TapImmune Inc. common stock (NASDAQ: TPIV) is very bullish with a lot of hot indicators showing up. The slope of the upward move is very steep accompanied by increasing volume. Breakout watch over 10.91
( click to enlarge )
After a big breakout on heavy volume Carver Bancorp Inc (NASDAQ: CARV) has pulled back to support near $5 and should set up for its next upside move. The stock will face short to medium term resistance at $6.2. Once this level is crossed with good volumes, the stock can go to $8. Im accumulating at current levels.
( click to enlarge )
Evofem Biosciences Inc (NASDAQ: EVFM) From a technical standpoint, there are some signs of a possible bounce here due to the oversold indicators and some positive divergences, which often leads to short covering. Let’s see whether the stock can gather enough momentum to break through $3.85 next week. Current price levels are a bargain compares to where this stock can trade going forward IMHO. Financial Institutions own a lot of shares (86% of float).
( click to enlarge )
I continue to watch VirnetX Holding Corporation (NYSEAMERICAN: VHC) because the volume is still large so it could potentially break out again at any moment. The resistance level for the stock is $3.6 ( 200-day exponential moving average ), but don’t be surprised to see some additional resistance at $3.8, which was the major support in March.
( click to enlarge )
Verastem Inc (NASDAQ: VSTM) broke out Friday and I am looking for a continuation move on Monday. Heavy volume came in as VSTM broke through its resistance level of $6.43. From the technical chart it looks like the stock is ready for another rally as %K line is on top of %D line indicating buy signal. Keep it on watch.
( click to enlarge )
This IPO play could start to heat up the next few weeks. The daily chart shows a stock that is looking to rally with $5.4 as the next logical price point. Tight stops should be used.
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
( click to enlarge )
Twitter Inc (NYSE: TWTR) posted a 52-week high on Friday but failed to close higher. I think the stock needs to digest the recent gains and work out the overbought condition with a correction or consolidation.
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: CARV, EVFM, HUYA, IQ, KDMN, OSS, TPIV, TWTR, VHC, VSTM
