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Thursday, November 28, 2019 

Friday's Stocks To Watch - Happy Thanksgiving

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Myovant Sciences Ltd (NYSE:MYOV) money keeps pouring into this stock. One thing that never lies with bio cap stocks is money flow and MYOV has got it going on. This was a $27.45 stock back in July 2018, and while I don't see that price coming this year, I do think there is plenty of more room to the upside. I entered last week around 12.6 and took some profits yesterday. This is very overbought, so this means a possible correction is near and this may give me again a chance to jump in when it moves lower, but the trend is clearly UP.

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Obalon Therapeutics Inc (NASDAQ:OBLN) interest is starting to grow for this small bio cap stock (Watch this Video - Treatment designed for overweight patients). The CEO recentlypurchased 65K shares, which boddes well for us, investors. At some point, investors will catch onto this stock and send it higher. Getting in before the crowd is one of the best ways to make money in this market. On the daily time-frame, the MACD-histogram has been sloping up again and the short-term EMAs have just ticked up to give a buy signal on the Impulse System. The stock needs to break the downtrend line at 1.85 to expect a strong rally at this point. Im long and strong.

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Synlogic Inc (NASDAQ:SYBX) another small bio cap that deserves your attention next week. The company announced recently that Aoife Brennan, M.B., B.Ch., Synlogic’s president and chief executive officer, will participate in a fireside chat at the Piper Jaffray 31st Annual Healthcare Conference at 11:30 am ET on Thursday, December 5, 2019, in New York City. Certainly this is a stock to watch heading into the conference.

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Nio Inc - ADR (NYSE:NIO) this stock closed near its session highs on heavy volume. This stock continues its uptrend and I see it trading at $2.6 and better next week. We have a gap to fill.

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I know many have lost money on Tetraphase Pharmaceuticals Inc (NASDAQ:TTPH) as it continues to plunge, but at some point this stock will find a bottom and post a strong rally. Could it be right here at $2.50 ? This technical chart says its time to hold what you got and add a little on the break of 2.71 for a run to 3.36. With the recent positive events I think it is only a matter of time before TTPH takes off and breaks out of its recent bottoming trend. I have been accumulating the stock.

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After a nice pop in the morning the rally fizzled in the afternoon and Hepion Pharmaceuticals Inc (NASDAQ:HEPA) investors were left with a 35% gain on the session. Stock needs to hold the 5.80 support level in order to resume the uptrend.

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Tonix Pharmaceuticals Holding Corp (NASDAQ:TNXP) news out bolstered the stock and could be signal another potential rally for this stock. It certainly deserves watching going forward. This stock could break out at any moment. Alliance Global Partners maintained Tonix Pharma (TNXP) coverage with Buy and target $6.5

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.


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About Me

  • I'm a 48 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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