I'm watching these 5 Biotech Stocks
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Chimerix Inc (NASDAQ:CMRX) the key resistance has been broken. The price can move up to 7.19-7.62 in the short-term. Now that the stock is above this horizontal resistance line more buyers should be coming. Keep the stock on your radar.
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Avalanche Biotechnologies Inc (NASDAQ:AAVL) crossed and closed above its 50-day EMA for the first time since December 2015. From a technical perspective, seems like the stock is forming a bottom pattern here but pending confirmation. A move past $5.70 would be a strong indicator of a further rebound in the stock. Once it breaks through resistance, we should see strong volume as the stock will breakout and move higher. The money seems to be flowing into AAVL as indicated by the On Balance Volume. Keep watching the stock.
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I have been watching Valeant Pharmaceuticals Intl Inc (NYSE:VRX) over the past few days, waiting for a possible upside move. I feel there is a bigger move coming soon. The daily technical chart is showing positive signs of further strength. The RSI value is increasing and approaching the 50 level. The MACD indicator is rising and still above its signal line. Go long on the break of Monday’s high at 33.70 with a stop at 29.98
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ZIOPHARM Oncology Inc. (NASDAQ:ZIOP) crossed trend reversal level of 8.67 decisively with solid volume and trend is now up. How high will it go? Potential breakout target: 9.74 initially
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Advaxis, Inc.(NASDAQ:ADXS) Setting up a possible resistance breakout trade. Long over 10.43
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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
If you want to contact me for advertising opportunities on blog or twitter, then get in touch via email
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: AAVL, ADXS, CMRX, VRX, ZIOP
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