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Saturday, September 29, 2018 

My stock watchlist for the week of October 01, 2018

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BlackBerry Ltd (NYSE: BB) brokeout from a descending channel yesterday with large volume after reported earnings above Wall Street consensus. Looking at the daily technical chart above the stock shows very strong bullish sign. First of all, the stock is trading now above both 50-day and 200-day exponential moving averages. Then the MACD indicator is rising above zero line also indicating a buy. In addition, the ADX turned up as a result of Friday's strength, with bullish price movement in control and RSI is also moving up. I'll be watching the stock again on Monday for a follow through. Resistance is $12, which was yesterday’s high. This is my long term invesment. John Chen is doing a great job turning around this company. When it comes to Blackberry, the recent history tell us to ignore the analysts, because they have been always wrong since the 6's. I have a lot of respect for analysts, but in this particular case i dont agree with them. Honestly, i think Blackberry is going to be a great stock for patient investors.

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Amarin Corporation plc (NASDAQ: AMRN) had big buyers in it all day on Friday and looks ready to make another move next week. This company has been a subject of takeover rumors the past few days, which has driven the stock straight up. I am keeping AMRN on the list for the next few days.

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New Age Beverages Corp (NASDAQ: NBEV) is flagging nicely on hourly chart. Watch Monday's action for a possible breakout over $5.72

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CorMedix Inc. (NYSEAMERICAN: CRMD) broke out to new highs. Friday's heavy volume was what you want to see when a stock breaks resistance. Investors with medium-term horizon can hold the stock with stop-loss at $.66 (red trendline) and long-term investors can hold with deeper stop at $.55 Immediate resistances 1.15 then 1.46

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Vanda Pharmaceuticals Inc. (NASDAQ: VNDA) is consolidating in a narrow band between $22 and $23.50. The outlook for the stock is positive. The initial target on a breakout is $25. Hold it with a stop at $19.95

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Oragenics Inc (NYSEAMERICAN: OGEN) had another very productive week as we saw gains of over 58% 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 1.30 and support at 92c followed by 80c.

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Auris Medical Holding AG (NASDAQ: EARS) had a strong day as the stock closed up 6 cents or 19% on heavy volume. Friday’s high of $.38 is now resistance for the continuation move that should occur very soon. Technical indicators are looking bullish.

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As I mentioned yesterday on Twitter, Arca Biopharma Inc (NASDAQ: ABIO) displayed that it could move when volume enters and over the past four consecutive trading sessions shares have witnessed higher lows which is commonly considered to be a bullish signal. With small bio caps going nuts, one by one, combined with technical indications of an uptick, consider ABIO as a trade idea with big potential. The key to making money in this market is getting in before the crowd.

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In order to stage a bullish trend reversal, Overstock (NASDAQ: OSTK) needs to break and close above the 28.80. Short-term daily technical indicators are improving and the MACD on the chart recently produced a new buy signal. If the stock can break Friday’s high of $28.8, we should see a strong follow through move. OSTK will move very quickly, so keep a very close eye on the stock.

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Blue Apron Holdings Inc (NYSE: APRN) was over $4 in July and looks primed for a reversal at some point. The stock has a 50-day EMA of $2.14 and a 200-day EMA of $3.07. Those two averages show the depth of APRN's drop and the potential the stock has if it decides to rebound. Technical indicators are showing positive divergences. Im betting on a reversal and a possible rise over $2 in the coming days.

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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