AC Investor Blog

Stocks to Watch for July 14, 2016

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Harmony Gold Mining Co. (NYSE:HMY) broke out of its significant intermediate-term resistance and surged considerably higher amidst impressive buying pressure. The trend is very bullish as the stock is still on top of its major EMAs with all going up. So, keep an eye on her.

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Yamana Gold Inc.(NYSE:AUY) continues to consolidate around the $6 level but could make a breakout move soon. I expect to see a strong upside move if the stock can break through this key resistance area. Watch the stock closely on Thursday.

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I have Exeter Resource Corp (NYSEMKT:XRA) on my watchlist. It may be ready to break out of this flag/consolidation. Go long on a close above 1.47.

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Rambus Inc. (NASDAQ:RMBS) shares closed for the first time in 2 motnhs above the key resistance level of 12.50. If prices remain above this level, investors will assess this development as a sign of strength. From the technical analysis perspective, the outlook for RMBS is relatively bullish. Momentum indicators are flashing bullish signals.

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KaloBios Pharmaceuticals Inc (OTCMKTS:KBIO) rebounded on heavy volume today after Nomis Bay has reported 24.95% stake in Kalobios Pharmaceuticals as of June 30 - SEC filing. Gonna have to watch it carefully on Thursday to see if we have hit bottom and should grab some for the ride back up.

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The potential breakout in EnteroMedics Inc (NASDAQ:ETRM) shares was something that I tweeted this afternoon before the move. If you were following my twitter account you would have gotten the tweet when the stock was trading at 33 cents. It ended the day at $.42 trading more than 6.5M shares, well above its average volume. If you jumped in and booked your profits, congratulations! As i said on twitter, I sold all my postion at 42c.

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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: AUY, ETRM, HMY, RMBS, XRA

22:02 | Permalink |

7 Setups to Watch Next Week

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GOGO has been basing for the last three weeks, recently running up from the bottom of the sideways channel near 10.36 to the top at around 11.30 in just 4 sessions. This pattern could be broken to the upside in the next couple of days. If a breakout occurs, we could easily see an acceleration of momentum and a move towards the 12.50 area. MACD and KD show buy signal as MACD is back above signal line and %K line is on top of %D line. Plus, the accumulation distribution line on the daily chart shows steady buying pressure. Based on the information of this chart, GOGO is definitely a candidate worth watching. In other words, we could see some buying come in early next week. Gogo Incorporated still has a high short interest of 16 million shares, so if it breaks and close above the 11.30 level, we could see a short squeeze and a big move up. Note: Someone bought lot of calls last week (May $13 strike).

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Yamana Gold Inc. (NYSE:AUY) on Friday jumped 30 cents, or 9%, on very heavy volume of 20.8 million shares and broke definitely out of the pennant formation which the stock has consolidated over last two months. With strong commodity prices (Gold), we could see continuation of current momentum in the stock towards the $4 area.

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Barrick Gold Corporation (NYSE:ABX) had a follow through day to the upside, as this could be the start of a possible breakout move. Volume was on the light side, but once the stock breaks out we'll see an upturn in buying. I'm keeping resistance around the 15.50 level for the breakout move. Once ABX breaks through, we should see a heavy increase in buying. On watch.

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GoPro Inc (NASDAQ:GPRO) may be ready to break. The price action has remained under its daily 50-day exponential moving average for some time, however, there are many positive divergences, which suggest a possible price reversal at these price levels. A break above $12.88 on a close basis would be bullish. Let's keep an eye on it.

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United States Steel Corporation (NYSE:X) keeps holding the major support nicely (rising 13EMA). Shares may be in a consolidation phase following a nice trend. Keep an eye for a possible breakout over $17.04.

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Sierra Wireless, Inc. (NASDAQ:SWIR) after nearly two months of consolidation in the 13-14.7 area, broke out Friday. This move confirms a potential trend reversal and the start of new momentum imho, which could move the stock towards the $15.20 area short-term.

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New Gold Inc.(NYSEMKT:NGD) broke out of a consolidation range, to make new 52-week highs. The stock hit a high of $4.19, which is resistance for Monday’s move. I still feel there is more upside in this stock and will watch it again next week. Keep a close eye on the stock for the follow through move.

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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: ABX, AUY, GOGO, GPRO, NGD, SWIR, X

14:47 | Permalink |

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 |

Bullish setups that you should watch next week

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Nice pattern setting up in Arch Coal Inc (NYSE:ACI). It could breakout soon. The stock has been supported by its rising 13-day MA, which is currently just below the 7 level. A close above the intermediate-term resistance at 7.78 would be a strong positive signal for the medium-term trend. Additionally, the MACD continues to rise while maintaining its buy signal as well. Buying momentum is still positive and strengthening. On watch.

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Yamana Gold Inc. (NYSE:AUY) setting up for a potential break here.Go long on a close above 15.40

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Strong stock lately, PDL BioPharma Inc. (NASDAQ:PDLI) could make another break higher soon. Long over 7.11

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Cemex SAB de CV (NYSE:CX) has been having big volume on up days and lower volume on down days, telling me that this is a good candidate for a Long. Looking for another possible move up. Definitely one to keep a watch on next week for a potential breakout.

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General Electric Company (NYSE:GE) has been a strong stock the past several weeks and could be ready for more. Could be a nice breakout coming soon. Resistance is $21.19. At this stage it is definitely a wait and see if the resistance will be easily taken out by the bulls.

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

Labels: ACI, AUY, CX, GE, PDLI

19:25 | Permalink |

Stocks watch list for next week

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Yamana Gold Inc. (NYSE:AUY) stock has been in a downtrend since its all-time high of $18.16, marked in March. Both short and medium-term trends are also down for the stock. Nevertheless, the stock is hovering just above its long-term support band between $12.31 and $12.7. Investors with short and medium-term perspectives can hold the stock with stop-loss at $12.31.

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From a short-term perspective, Barrick Gold Corporation (NYSE:ABX) stock is reversing higher, taking support at 36. It can encounter resistance at 39 and then in the 40.5 -41 range. Failure to move beyond the 39 level in the next sessions will be a cue for short-term investors to divest their holdings. Resumption of the downtrend can pull ABX down to its support, which is in the band between 35 and 35.6.

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James River Coal Company (NASDAQ:JRCC) stock has been in a downtrend, in all-time frames long, medium and short-terms. I don't see any initial signs of trend-reversal in this stock. Only a decisive daily close above 3.6 will mitigate the stock's short-term downtrend and push the stock higher to 4 and later on to 4.3

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Career Education Corp. (NASDAQ:CECO) stock has been on a short-term uptrend from its lows and the trend looks quite strong to me. Investors with a short/medium-term horizon can hold the stock with stop-loss at 6 and for the long-term with deeper stop at 5.88 levels. Significant jump above 7 can take the stock northwards to 7.4 or even to 7.85.

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Zynga Inc (NASDAQ:ZNGA) The trend is clearly downwards. The stock broke down its major support on Friday on increased volume. Not a pretty picture. Long positions must be avoided.

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Finally, lets take a look at Elan Corporation, plc (NYSE:ELN) and see if the stock is worth buying.

- The technical chart shows the stock is on a bull market as the stock is trading above both the 200-day moving average.
- The 50-day moving average still on top over 200-day moving average
- MACD Fast Line has just crossed over the slow line, which is a bullish sign.
- RSI shows the stock may be ready for a rebound

Nevertheless the short term trend is still weak as the stock has been trading below 50 day and 20 day MA, with 20 day MA now going downward showing bearish signal. Immediate resistance is at 13.39. A break above that area could trigger further upside recovery testing 13.84. Conversely, a plunge below 12.58 will drag the stock down to 12.10 or 11.90 range. Trend : Neutral-Bullish.

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

Labels: ABX, AUY, CECO, ELN, JRCC, ZNGA

22:37 | Permalink |

AC Investor Blog

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

Wednesday, July 13, 2016

Stocks to Watch for July 14, 2016

Saturday, April 09, 2016

7 Setups to Watch Next Week

Monday, February 08, 2016

Stocks to Watch for February 9, 2016

Saturday, August 11, 2012

Bullish setups that you should watch next week

Friday, May 18, 2012

Stocks watch list for next week

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