AC Investor Blog

Stocks to Watch for February 9, 2016

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Juno Therapeutics Inc (NASDAQ:JUNO) Despite today's sell-off, the stock displayed some impressive relative strength. It is poised to make a come back after dissappointing performance this year. There have been some pretty bullish candles forming and it seems to me like it is ready to turn up. For the second time in a row the stock closed above its 5EMA with good volume. Moreover, the MACD has produced a buy signal that should help in the short-term. Although it is still in bear market with MACD below 0, with %K line now back above %D line the stock has chance to start new rally. I bought some today at $27.05 and I think that it could go to $30 relatively soon. My Stop 24.80

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Alphabet Inc (NASDAQ:GOOG) Nice clean bounce off the 200-day EMA. We have to watch for a continuation or reversal. As long as it can hold above this key support line, the bounce should continue. On the upside, we expect tough resistance at 698 and 703.

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Apollo Education Group Inc (NASDAQ:APOL) Apollo Education Group Inc. has accepted a $1.1 billion takeover offer from a group of buyout firms. The buyers will pay $9.50 per share for the company, which is a 37% premium to Friday's closing price. The stock closed today at 8.62 significantly below the takeover price of $9.50 per share. I will not sell my shares below this price.

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Richmont Mines Inc. (NYSEMKT:RIC) is a low volume small cap stock that has been in a nice uptrend in the last sessions and it looks very strong with both 20-day and 50-day exponential moving averages going up while %K line is on top of %D line. It is now on the overbought level, so this means a possible correction is near. This may give us a chance to jump in on the stock when it moves lower. This is a stock to keep an eye on for awhile.

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Yamana Gold Inc. (NYSE:AUY) remains in a clear uptrend, but there were four days of increasing volume and this stock is way overextended. The technical chart shows positive sign as the stock is now trading above all three major moving averages with KD rising and MACD now above 0, however the recent surge may spur some profit taking. On watch.

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Zagg Inc (NASDAQ:ZAGG) closed up despite the market decline. I'm starting to see a renew interest in the stock. Long on the break of Monday’s high at 10.61

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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

Labels: APOL, AUY, GOOG, JUNO, RIC, ZAGG

22:42 | Permalink |

9 chart setups for the coming week

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Xerox Corp (NYSE:XRX) was up on Friday, after the company released good earnings. The stock was up $.52 on 3x normal daily volume, as it hit a high of $9.89. I will be watching XRX on Monday for a follow through move, using Friday’s high as resistance. The bias is bullish in nearest term. There is a lot of upside room in this stock, so watch it closely.

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Some signs of a reversal on price action mentioned on an earlier post did work out as I expected. The stock had a bullish move on Friday breaking several resistance lines and could eventually rally up to test the declining EMA50 in the next sessions. Checking on the indicators, the MACD is rising above the signal line and the RSI is constructing higher lows and higher highs, both suggesting further upside. Plus, The stock's accumulation/distribution line (A/D) remains in a strong up trend. KBH is displaying upside momentum and is poised to move higher from these levels.

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Cree, Inc. (NASDAQ:CREE) has a very interesting daily technical chart as the stock looks to be ready for a good upside move. CREE traded a good volume on Friday as it closed up $.98 on the day above the $28 level. All inidicators are still in Bullishs areas. Keep an eye for a possible breakout over $28.10 (EMA200).

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Chimerix Inc (NASDAQ:CMRX) On Thursday, BlackRock reported it increased its stake to 6.5%. Institutions and insiders continue to buy/add shares at current levels, which means that sooner or later we should see a reversal up. I continue to hold my position in the stock as I believe there will be more share price appreciation in the coming days. Following the smart money usually pays off. Note: Last week the billionaire Steven Cohen also revealed a 6.4% stake.

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Inovio Pharmaceuticals Inc (NASDAQ:INO) Looks like a V-bounce is underway. The stock surged more than 15 percent Friday accompanied by a strong volume expansion, closing above its EMA100 for the first time since December. The technical chart shows buyers are back. A move towards $7 can be expected as long as $6.12 holds.

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Apollo Education Group Inc (NASDAQ:APOL) is coming up to a big level, as the stock is near the $8 level. I will be watching this stock closely next week as I expect to see a strong move once the stock breaks through resistance. A move past $8.09 would be a strong indicator of a further uptrend in the stock. The technical daily chart show a continuation of the uptrend with MACD and RSI in the Bullish areas. My model remains long, targeting $9 area. Rumors of takeover are emerging again.

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Citigroup Inc (NYSE:C) broke out of a bottom/accumulation pattern. Now we just need to see on Monday a confirmation of the reversal. Indicators are turning up.

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CONSOL Energy Inc. (NYSE:CNX) looks like it is starting to turn. On Friday, the stock price decisively broke through its downtrend-line by gaining nearly 17 per cent accompanied by heavy volume. From technical indicators, I continue to see a confluence of "BUYS", with RSI crossing above 50 and MACD heading up. The stock hit a high of $8.58, which is resistance for Monday’s follow through move.

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BlackBerry Ltd (NASDAQ:BBRY) is in the process of bottoming and I expect a pop above $7.16 at some point in the coming days. All technical indicators are giving some signs of downward exhaustion. The MACD has stabilized and the RSI is trying to turn higher. On Friday the company has received approval from the Toronto Stock Exchange to more than double its existing share buyback program and repurchase up to 5.8 percent of its public float, not good news for short sellers. A strong short-covering rally should emerge sooner or later. Keep it on your watch list going forward.

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: APOL, BBRY, C, CMRX, CNX, CREE, INO, KBH, XRX

11:20 | Permalink |

Stocks to Watch for January 21, 2016

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Ultragenyx Pharmaceutical Inc (NASDAQ:RARE) We had a strong bullish reversal candle today on volume. It will interesting to see if it can break the $80 level tomorrow. Any close above this immediate resistance will tell us that the short-term trend is now changing to upside. On watch.

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Clovis Oncology Inc (NASDAQ:CLVS) has been in a downtrend channel for the last 2 weeks and has just broken this channel to the upside on solid volume. I feel this is the beginning of a new upside short-term trend, which is why I will be watching the stock again on Thursday. Resistance is $1.75, which was Friday’s high of the day. The price can head towards the 24.5/25 zone. If this zone is surpassed, getting to 26.96 would be a possibility.

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Alcoa Inc (NYSE:AA) we finally broke the downtrend on the hourly. We need a push tomorrow above 6.81 to confirm the breakout. The hourly technical chart is showing a bullish bias. The MACD line is pointing up and RSI is also increasing. On watch.

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Apollo Education Group Inc (NASDAQ:APOL) stock price is showing signs of an upcoming breakout as price action and volume are making some bull signals. MACD is moving up showing positive momentum while RSI line also shows buy signal. Keep an eye for a possible breakout over $7.76 (200EMA)

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I think Vringo, Inc. (NASDAQ:VRNG) remains one to watch considering the recent press release. Hourly technical indicators are showing some signs of strength. At some point it will explode to the upside imho.

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Macy's, Inc. (NYSE:M) looks great on daily charts. The good news, however is that stock is getting closer to a major breakout. Keep a close eye on Macy's tomorrow.

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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

Labels: AA, APOL, CLVS, M, RARE, VRNG

22:29 | Permalink |

Stocks to Watch for January 19, 2016

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Wynn Resorts, Limited (NASDAQ:WYNN) Despite the market's sell-off on Friday, the stock closed the session with a 13.34% gain on its heaviest positive trade since October 2. If we could see a V-bounce like we witnessed in October the stock could run towards 68/70 levels which could mean +20% gains. From a technical standpoint, there is a possible double bottom formation evident on the daily chart. Plus, all three technical indicators are showing positive divergences by not falling below their October 2015 lows. The immediate bias is bullish and a break of Friday's high of 59.12 will lead to some big momentum. Keep in mind, Wynn CEO has purchased 1 Million shares between Dec 4 and Dec 8 at prices well above the current levels. On Watch.

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VirnetX Holding Corporation (NYSEMKT:VHC) The stock was a big winner last week on positive news. The company issued a press release on Tuesday saying that its pending patent infringement lawsuit against Apple is scheduled to start on January 25, 2016. I have been featuring this stock on my blog for several months now. It was a stock that no one wanted back and VHC is now seeing strong money flow and buying pressure. After hitting a low of $.1.95 only a few trading days ago, the stock has exploded to the upside . From a technical standpoint, the stock is now looking overbought. A short period of correction or consolidation at current levels will strengthen this rally. But as you know, corrections don't happen because we may want them to happen. Till then, keep your seatbelts fastened and enjoy this fantastic ride. As you can see on the daily chart above, the 4.70/76 area is a strong resistance level that needs to be taken out to see further potential upside. VHC turned into one of the hottest stocks earlier this year and posted some incredible profits for my readers. Vringo, Inc. (NASDAQ:VRNG) is another patent play that you should consider. Hopefully our patience will pay off one day.

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Apollo Education Group Inc (NASDAQ:APOL) was one of the winners on Friday, as the stock closed up $.33 on the day printing a bullish engulfing candle on strong volume. The stock is back near the top of its short-term trading channel and could make a move on Tuesday. Resistance is $7.69, which is the high of this channel. Some indicators are improving but it needs to breakout above the resistance to confirm the change in trend. I suggest you keep this stock on your radar for a long play. At some point I think it will post an impressive rally.

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bluebird bio Inc (NASDAQ:BLUE) The Long-term scenario for BLUE is not encouraging, but we might see some bounce up at this level. The stochastics continued to move down in the oversold zone, but there are some technical indicators showing positive divergences, such as MACD Histogram. The stock has dropped from $106 a share to $42 a share over the course of three months. I think the stock is well over due for a bounce. I started accumulating on Friday.

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Chipotle Mexican Grill, Inc. (NYSE:CMG) volume is starting to come back and with it some positive price movement, which is a good sign for bulls. This positive action suggests the bounce should continue next week, with the next destination being roughly 500. The daily technical indicators have started to improve but remain slightly weak. The MACD indicator is still negative but has crossed above its signal line. The slow sto jumped up from its oversold zone and is above its 50 level. The RSI has risen nicely from the oversold zone and is just below the 50 level (47.35). With the continued growth in interest, the stock should see $500 and better short term. Use the 13EMA as stop.

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Intrexon Corp (NYSE:XON) is coming up to a big level, as the stock is near its declining EMA20. I will be watching this stock closely next week as I expect to see a strong move once the stock breaks through resistance. A move past $27.76 would be a strong indicator of a further bounce higher in the stock. Although the exp moving averages of stock are showing weakness, as the stock is still trading below 20, 50 and 200, there is one technical indicator showing some strength, the stochastics. The stock has chance to start new rally, because %K line has just crossed on top over %D line. The bias is now bullish in nearest term but remains neutral in medium term. On watch.

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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

Labels: APOL, BLUE, CMG, VHC, VRNG, WYNN, XON

17:16 | Permalink |

Stocks to Watch for December 11, 2015

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Shares of Second Sight Medical Products Inc (NASDAQ:EYES) surged 9.31% to $5.99 per share on massive volume after the news that the UCHealth Eye Center at University of Colorado Hospital has performed the first "bionic eye" procedure, restoring limited sight to a woman who has been blind for almost two decades. From a technical standpoint, the chart shows a bullish sign as the stock is back on top of its short-term EMAs. In addition, MACD is rising and RSI is back above 50% level which show beginning of bull market rally. I classify the declining 50EMA as a key resistance line since it has caused significant turning points in the price and held on the last three tests. However, a sustained break should bring the stock to a test of the recent highs around the $8 level. There seems to be a lot of room to run higher here. EYES is a short squeeze candidate.

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Vringo, Inc. (NASDAQ:VRNG) stock printed a doji candlestick in Thursday's trading, which indicates a potential reversal. I believe there is a high probability of seeing a meaningful bounce in the stock in coming days. Note: RSI marks oversold.

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BlackBerry Ltd (NASDAQ:BBRY) A big day for Blackberry. The stock surged on Thursday more than 7% to 7.89 per share on a strong volume expansion as a result of Wal-Mart's website indicating that company's Priv smartphone is currently sold out. From a technical perspective, the stock is starting to make a move to break through the recent top of its range. This is a good stock to watch and once it breaks through the 200-day EMA on a close basis the should move higher. With a short interest of 15 percent of float and more than 16 days to cover all shares when it takes off it will be very fast.

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Sunedison Inc (NYSE:SUNE) looks poised for a break to the upside. Waiting for a break and close above the 4.37 level for a long position. Price will continue to move up as long as it sustains above the rising 9-day EMA.

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Apollo Education Group Inc (NASDAQ:APOL) is a bottom play trying to make a shift in trend. From a technical standpoint, the stock shows a bullish divergence on MACD. To return to rally mode the stock price needs to cross its short-term resistance at 8. A move above this level would be positive for the stock.

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Plug Power Inc (NASDAQ:PLUG) Price reclaimed its 20-day EMA and broke out of the small descending channel, which is bullish. This looks to be just the beginning of PLUG's run and I am confident that the gains will continue. The MACD momentum is rising and the relative strength index is turning up. Next key resistance is now located around $2.23

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I have been following Tetraphase Pharmaceuticals Inc (NASDAQ:TTPH) for a few days now and surprisingly the stock showed some strength today. Volume starts to pick up. Nearest resistance for the stock is now located at 10.72 (20EMA). If this level is crossed and the stock price is able to sustain above this level, then it might go to 12

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: APOL, BBRY, EYES, PLUG, SUNE, TTPH, VRNG

22:23 | Permalink |

Stocks to Watch for October 09, 2015

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Keep an eye on ITT Educational Services, Inc. (NYSE:ESI) to see if tomorrow the stock will confirm intraday breakout. Symmetrical triangle over 3.8 has a measured move to 5.50 then 5.83. The higher short interest ( 57.59% or 10.8M shares ) could also provide a near-term catalyst, if the stock begins to rise. The short interest coverage ratio is 46 days according to the average volume of 309K, which means any short squeeze could be brutal. Im long.

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Microsoft Corporation (NASDAQ:MSFT) looks poised for a break to the upside. Technical indicators are looking bullish. The RSI is moving up and above its 50% level. The daily MACD continues to trade in the positive zone and the CMF is also positive, which means there is more money flowing into the stock.

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Apollo Education Group Inc (NASDAQ:APOL) broke out from a sidewards movement today with decent volume, creating a significant amount of bullish potential. On the technical side, MACD and ADX all point to upward trend while RSI is also rising but has not yet reached overbought level. Plus, the stock broke through its 50-day EMA for the first time since March and should continue to move. APOL has a lot of upside potential, so watch it closely on Friday.

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BlackBerry Ltd (NASDAQ:BBRY) closed back above the 50-day EMA for the first time since May. Today's move confirms that the bounce is still in play and far from over.

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Celldex Therapeutics, Inc. (NASDAQ:CLDX) A substantial bounce lies ahead IMHO based on the positive divergences on daily. The stock is displaying a short upside momentum and is poised to move higher from these levels. Short-term traders could go long once the share price moves above $12.18

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Gevo, Inc. (NASDAQ:GEVO) is a stock that I wrote about recently, as one to watch for a potential reversal. Today it saw decent buying and very little selling closing the day with a gain of 3.88% for the session. From the daily technical chart the MACD and RSI both signal positive strength. This stock remains undervalued IMHO and should be one to watch going forward.

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Plug Power Inc (NASDAQ:PLUG) is poised to break out of a small consolidation pattern. If breakout occurs we could see momentum toward 2.60. Technical chart shows bullish sign with RSI rising and MACD on top of signal line. On radar.

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: APOL, BBRY, CLDX, ESI, GEVO, MSFT, PLUG

22:27 | Permalink |

Stocks to keep an eye on July 10, 2015

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Apollo Education Group Inc (NASDAQ:APOL) Nice candle today on decent volume. Nice gap to fill if it can break through resistance. The RSI bounced off oversold level. Long setup on watch.

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XOMA Corp (NASDAQ:XOMA) broke out above its major resistance line on expanding volume. This momentum could push this stock much higher from here. Next resistance is now seen at $5

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Acura Pharmaceuticals, Inc. (NASDAQ:ACUR) closed up on Thursday and should continue higher on Friday. Sabby Management has reported a 7.9% stake in the company. The major resistance resides around the $1 price region. Only a close above this level would suggest further upside.

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Gannett Co., Inc. In a 13D filing Carl Icahn disclosed a 6.5% stake in the company. Strong rally on volume today. I think the stock could try and take a trip to $13.3 or so if volume comes in. The technical indicators on the 30m chart are looking bullish.

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: ACUR, APOL, GCI, XOMA

22:33 | Permalink |

Stocks to Watch for June 03, 2014

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Apollo Education Group Inc (NASDAQ:APOL) is on the verge of a possible breakdown. A clear break and close below the 26.50 level could trigger further bearish scenario testing 24 support. The bias remains bearish with major technical indicators implying a continuation of the current bearish move.

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Himax Technologies, Inc. (NASDAQ:HIMX) broke a psychological level of $6, which is a bearish signal for further trading sessions. First support is seen at today's low of $5.89 and then at $5.57.

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QUALCOMM, Inc. (NASDAQ:QCOM) Still watching, will buy on a close above $81.23. The technical indicators still indicate a bullish tone in short-term. The minor support level is located at $79.51 and them resistance is still at $81.23. On watch.

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Sanderson Farms, Inc. (NASDAQ:SAFM) Strong breakout. If the stock price can break today’s high of $95.70, we should see a strong follow through move.

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MagneGas Corporation (NASDAQ:MNGA) nice technical chart here, on watch tomorrow for a break of $1.82

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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

Labels: APOL, HIMX, MNGA, QCOM, SAFM

22:43 | Permalink |

AC Investor Blog

Seeking to provide independent day trading strategies based on Technical Analysis.

Monday, February 08, 2016

Stocks to Watch for February 9, 2016

Saturday, January 30, 2016

9 chart setups for the coming week

Wednesday, January 20, 2016

Stocks to Watch for January 21, 2016

Sunday, January 17, 2016

Stocks to Watch for January 19, 2016

Thursday, December 10, 2015

Stocks to Watch for December 11, 2015

Thursday, October 08, 2015

Stocks to Watch for October 09, 2015

Thursday, July 09, 2015

Stocks to keep an eye on July 10, 2015

Monday, June 02, 2014

Stocks to Watch for June 03, 2014

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