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Saturday, May 07, 2016 

Stocks to Watch for May 09, 2016

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IAMGOLD Corp (NYSE:IAG) continued its bullish fervour last week making another new high of 3.71 on Friday. Daily technical indicators are Bullish with the RSI and MACD rising. With the spike in volume and momentum surging in Friday's trading sesison, there is a high possibility that the stock price can appreciate even more in value during the coming sessions. Next resistance is now seen at 4.10. Keep it on your watch list going forward.

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You need to watch AngloGold Ashanti Limited (NYSE:AU) stock closely because it could break resistance soon. Buy point would be on the day it blows through $16.63 on heavy volume.

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The shares of Gold Standard Ventures Corp (NYSEMKT:GSV) recorded a new 52 week high of 1.65 in Friday's session. Buy the stock in dips using the rising 20-day EMA as stop loss. The daily technical chart looks very Bullish with all EMAs going up and MACD on top of "0". Long setup.

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Eldorado Gold Corp (NYSE:EGO) is gaining some momentum again. A move past $4.29 would be a strong indicator of a further uptrend, however a tight stop loss should be used.

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Gevo, Inc.(NASDAQ:GEVO) broke out of an important consolidation area with a long white candlestick. This new rally should at least push the stock to $.57

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Shares of Hecla Mining Company (NYSE:HL) have room for a significant uptick beyond these levels. Volume starts to pick up again. A move above $4.36 could trigger a sharp move higher. Long set-up on watch.

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Sarepta Therapeutics Inc (NASDAQ:SRPT) Stock price has been having wild swings since it broke the $15 level. The outlook remains positive supported by the short-term EMAs and momentum indicators.

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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

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16:35 | |

Tuesday, August 20, 2013 

Stocks to Watch for August 21, 2013

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Goodrich Petroleum Corporation (NYSE:GDP) made a strong upside reversal today. The technical chart above suggests that stock might find now resistance at $23.25. Only a close above this level would suggest further upside. The bias still bullish in nearest term. Fresh buying may be considered on a move past $23.25, with a stop-loss at $21.34 (9EMA).

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Procera Networks Inc (NASDAQ:PKT) was recomended today by financial analysts at Northland Securities. They recommend buying the stock based on expectations for a rise in gross margins and new partnerships that support revenue growth targets. Shares are Outperform rated with a $21 price target. Technically speaking the stock made a nice bullish hammer candlestick, so in my humble opinion it could be a good entry point to start a long position. In addition, the stock remains in very oversold conditions.

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Assured Guaranty Ltd. (NYSE:AGO) showed more signs of strength on today's session, as the stock closed up $.29 on the day. The stock has strong resistance around $9.50, and breaking above could take the stock to $10 in a very short time frame.

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AngloGold Ashanti Limited (NYSE:AU) On my watch list for tomorrow. Nice clean bounce off the 13-day EMA today. It will interesting to see if it can break 15.12

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If the weakness continues and Zynga Inc (NASDAQ:ZNGA) breaks the support at $2.7, there will be a good chance that the stock will test the next key support at $2.5. Technically, there is nothing positive about the technical chart. All other indicators still point to a bear market.

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Barrick Gold Corporation (NYSE:ABX) remains in a short up trend. Further rise to test 22 resistance is still possible, and a break of 20.25 will confirm such case. Initial support is at 18.69. Most of the technical indicators are pointing towards some more upside in the coming sessions.

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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22:40 | |

Wednesday, August 14, 2013 

Stocks to Watch for August 15, 2013

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Google Inc (NASDAQ:GOOG) recently broke down from its consolidation pattern. If you notice on the chart, the MACD made a bearish crossover below the zero line as the break down took place. As for my technical analysis , the stock could continue to go down and find some support around 840. If that support does not hold, the next support could be the rising EMA200 at 813. Daily technical indicators are bearish. MACD is dropping into negative zone and is below its signal line. Both RSI and Slow Sto have entered their respective oversold zones. Short-term Bearish.
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Amarin Corporation plc (NASDAQ:AMRN) surged 2.85%, with volume which was nearly 2x above average. The move pushed the stock above the 5.74 resistance level and gave a pocket pivot buy point. Lets see if tomorrow it breaks over $5.86

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Goldcorp Inc.(NYSE:GG) A potential inverted Head & Shoulders pattern is forming on the daily chart. A breakout above 30 will confirm this formation. If this scenario happens, expect more upward moves towards the 32 to 34 region. Long set-up on watch.
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AngloGold Ashanti Limited (NYSE:AU) We're getting closer and closer to a resolution of the current downtrend. For long positions to be initiated the stock needs to close above the 50-day EMA.

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Applied Micro Circuits Corporation (NASDAQ:AMCC) is holding up and near its all time high price. Worth watching long above 12.75

 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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23:20 | |

Thursday, January 10, 2008 

Stocks to watch on Friday - GRMN, LDK, AU

Chart courtesy of stockcharts

AU - The stock broke out on above average volume surge. RSI still showing strength but is now near to hit overbought conditions, however this does not mean that the stock can not continue its upward movement. With today's breakout we may probably see more buyers coming.

Chart courtesy of stockcharts

LDK - Currently the stock is finding some resistance to break above $45. On the chart above , MACD shows weak sign as it is still below 0, but RSI is now neutral. One of the positive sign is KD which shows the stock may be on a bounce back rally, because K line is on top over D line.

Chart courtesy of stockcharts

GRMN - Looking at the daily chart, it shows weak sign as the stock is below both 50 day and 200 day moving average with MACD well below 0. However, according to the chart, KD shows possible rally as K line is on top over D line. Wait for a breakout above the resistance line at $80 to enter long again.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's All. Have a nice evening !!!

AC

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21:14 | |

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  • 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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