AC Investor Blog

My Watchlist for Monday, February 13

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BlackBerry Ltd (NASDAQ:BBRY) price finally closed above the pivot high last week, breaking a medium-term trading range that has been intact since late December. The Bullish sentiment and the huge short-interest could push the stock price to the nearest resistance of $8. The technical indicators are also sending Bullish signals. On watch.

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ContraVir Pharmaceuticals Inc (NASDAQ:CTRV) special event on Tuesday. The upcoming conference might be the catalyst needed to attract the investor interest again. Besides the conference, the technical daily chart is also showing signs of a potential reversal. The stochastics and RSI are both continuing to head higher in positive territory and the MACD continues to rise, supporting more upside price action. This positive bias could create a scenario for a strong move to the upside with the break of the 1.65 level, potentially fueling a short squeeze rally. Note: Accumulation line remains near the highs.

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RXi Pharmaceuticals Corp (NASDAQ:RXII) Also should be on your radar screen next week. The CEO will present a corporate overview at two leading industry conferences in New York City. The overview will include the Company's proprietary self-delivering RNAi platform and the multiple development and commercialization opportunities available across a broad spectrum of therapeutic areas. On the technical side, daily indicators continue to show bullish momentum and the volume increased significantly. Looking to see if stock can get over 81c for nice bounce into $1's

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First Solar, Inc. (NASDAQ:FSLR) Another stock with a nice look. Resistance Breakout. Go long on the break of Friday’s high at 33.38. MACD crossover and RSI could help it get into 35's again.

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Trillium Therapeutics Inc. (NASDAQ:TRIL) is consolidating nicely under the declining 50-dy EMA. A break and close above 6.30 will take the stock to $8. From a technical standpoint, indicators are looking bullish but giving mixed signals, which is usually during sideways consolidations. Worth watching for a breakout.

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Ocular Therapeutix Inc (NASDAQ:OCUL) broke out on the up side and rallied quickly to near the $9 level on high volumes. Short-term technical indicators are looking bullish and the MACD on the daily chart recently produced a new buy signal. Go long on the break of Friday’s high at 8.91. If the stock can break this key resistance level next week, we should see a strong follow through move.

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Bonanza Creek Energy Inc (NYSE:BCEI) stalking as a potential swing long above 2.42

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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: BBRY, BCEI, CTRV, FSLR, OCUL, RXII, TRIL

14:17 | Permalink |

Stocks to Watch for July 13, 2016

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Kura Oncology Inc (NASDAQ:KURA) is gaining momentum and couldkeep running. This week, the stock has finally broke out of the falling wedge formation accompanied by high volume, as we see on its daily chart above. Technical indicators point to KURA being in an upward trend already, but in my opinion, this could be just the beginning of a breakout that could bring good returns. This company has78.48M in cash or nearly $4 per share and Zero debt. I have been accumulating this stock as evidenced by my tweets.

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Box Inc (NYSE:BOX) broke out of a bottom/accumulation pattern. With the RSI rising off an oversold position and with MACD crossing over the signal line, the stock looks prime for a continuation of Tuesday's rally. Plus, we saw unusual options activity (Dec $13). An initial resistance can be found at 11.2.

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Clovis Oncology Inc (NASDAQ:CLVS) has formed an interesting bullish pattern over recent weeks. A breakout above the upper line of the triangle is a signal that there is a potential medium-term trend change taking place.

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Bonanza Creek Energy Inc (NYSE:BCEI) Potential trend reversal in this stock. Next technical buy area is above this trendline on heavy volume.

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3D Systems Corporation (NYSE:DDD) broke out of a consolidation range, as the stock closed up $1 on decent volume. I will be watching it tomorrow for a continuation of this breakout. The short-term trend is still bullish as the stock is still on top of all EMAs. Plus, the MACD is rising on on positive territory and the RSI is moving up. I think the stock has room to go higher. Watch the stock closely on Wednesday.

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Splunk Inc (NASDAQ:SPLK) had a great move on the upside and closed at $59. The stock is setting up to break out and has one more level to go, which is $60.

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FireEye Inc (NASDAQ:FEYE) Setting up a possible resistance breakout trade. Long over 17.03 (declining 100-day EMA).

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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: BCEI, BOX, CLVS, DDD, FEYE, KURA, SPLK

22:31 | Permalink |

Chart setups to keep an eye on next week

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Forum Energy Technologies Inc (NYSE:FET) surged 8.77% Friday on one of the heaviest volume sessions this year, with 2.87 million shares traded. The broke out of a key horizontal resistance line and closed slightly below the high of the day, which now represents the next resistance for the follow through move on Monday. If a breakout above this level occurs, we could see a continuation of current momentum toward the 19.2-19.85 range.

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Krispy Kreme Doughnuts (NYSE:KKD) Should be on watch next week for a possible breakout out of current consolidation (Bullish flag). If a breakout above 17.53 occurs, we could see an acceleration of momentum and move toward the 18-18.60 area.

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Relypsa Inc (NASDAQ:RLYP) has been pulling back after massive one day rally on 7th of April. As you can see from the chart above, in this corrective phase the stock has found support on its rising 50-day EMA on multiple occasions. At this point and with the company being mentioned as a potential takeover candidate, traders could expect a strong bounce and a potential breakout of the downtrend line. CMF is positive and accumulation remain high.

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Despite the overall market correction, Friday was a good session for Gold stocks, including IAMGOLD Corp (NYSE:IAG). The stock gained another 22 cents, or 6.92%, breaking out of a consolidation pattern to the upside with volume backed confirmation. The daily technical chart above shows the stock is in a bull market rally as MACD is on top of signal line and in positive territory. In addition, the medium-term trend is also bullish as the stock is above the 50-day and 200-day exponential moving averages with both moving averages going up.

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DryShips Inc. (NASDAQ:DRYS) delivered nice gains for traders last week (Twitter alert). The stock closed the week with a gain of 65%. There were plenty of opportunities throughout the week to get involved in this particular sector and easily book a profit. For those of you that booked a profit, congratulations on a great week. From a technical perspective, we are now starting to look overbought in the short-term, so we could see some profit taking for a test of its 100-day EMA support.

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Paragon Shipping Inc. (NASDAQ:PRGN) was the stock of the week gaining more than 750% in just two trading days. After strong gains, the risk of profit taking is high, so play wityh tigh stops.

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Vringo, Inc (NASDAQ:VRNG) is a low float stock to keep an eye on. I am still watching VRNG shares of due to the recent price action, volume, news and momentum. Daily technical chart shows a possible reversal in the making. Most of its key indicators, particularly the MACD and the 14-day relative strength index are displaying positive divergences. Plus, the ADX indicator is starting to move into strong territory. Overall, the stock is showing some positive technical signs of reversing its long-term downtrend. If it breaks this downtrend line, the first target on a swing would be the $3.50 area.

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After the recent rally in oil stocks, Friday's pull back on Bonanza Creek Energy Inc (NYSE:BCEI) should be seen as a natural and welcome movement. As long as the stock closes above the 3.70 level, the Bullish trend intact.

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Apple Inc. (NASDAQ:AAPL) The price action on Friday created a potential/temporary bottom. A rise above the 95 level next week should confirm the reversal. Plus, the extreme oversold reading from the slow stochastic and RSI indicators, suggest that prices are due for some recovery and base building imho. Stop Friday's low.

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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: AAPL, BCEI, DRYS, FET, IAG, KKD, PRGN, RLYP, VRNG

08:54 | Permalink |

Stocks to keep an eye on March 2, 2015

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Cyberark Software (NASDAQ:CYBR) finally broke down from the bear flag formation highlighted on the daily chart, signaling further decline. The stock price shows weakness with its recent decline and could reach the potential target area at $52. The trajectories of momentum and directional indicators also point to continuation of negative bias. Based on fundamentals this stock is way overvalued. Short setup.

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Bonanza Creek Energy Inc (NYSE:BCEI) Shares ended the day down $2.29, or 7.83 percent, to close at $26.95 on heavy trading. Trendline support has been broken on the daily chart at $27.7 with the next target at $24.50. Technically speaking, it is now in a Bearish mode with MACD below signal line and the stock price below all major EMAs. I expect the stock to continue its downside movement. Short setup.

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VirnetX Holding Corporation (NYSEMKT:VHC) Still holding long position. From a technical perspective, the stock finally broke out above $7 a share last week with a strong volume expansion. It has a medium-term target of 9 and it could move a lot further especially given the high level of short interest. However, I think we are due for some kind of a pullback (overbought conditions), which could be a buying opportunity.

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BlackBerry Ltd (NASDAQ:BBRY) Strategy: Buy on dips. The stock closed at 10.81 on Friday in a weak session for techs, reconfirming the new uptrend after the recent break of the 10.5 resistance level on expanding volume. Because of this I feel that this stock is ready to go towards its next target of $11.11 level. Accordingly, I suggest to buy the stock on dips targeting $11.11 and +$12.50. The technical indicators are looking better for the stock. Chart shows a very bullish sign as the stock price is back on top of all EMAs moving average while the MACD is positive and rising. Long setup.

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Sunshine Heart Inc (NASDAQ:SSH) broke out of symmetrical triangle formation last week. From a technical standpoint, the stock is now very bullish with the breakout having a large spread and volume. We also have the MACD above zero line and RSI above 50% levels, indicating the stock is in a “bullish” trend. Any break above the $6-$6.20 range will push the prices toward the $6.90 to $7 area. Stop-loss 5. Long setup.

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Ibio Inc (NYSEMKT:IBIO) The stock went as high as $1.06 before closing the day at $1, up more than 3 percent on solid volume. From the technical daily chart above we can see that the stock is on a bull market as the stock is trading above all EMAs and MACD is above Zero line. Given the strength that we saw yesterday, it seems to me that the correction is nearing an end and the uptrend is about to resume. The stock may go up to 1.4 or more if it breaks next week the resistance at 1.08. I went long with a stop located at located at 86c (20EMA).

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salesforce (.) com, inc. (NYSE:CRM) had a very good bullish rally last week accompanied with large volume. A gap was formed also with good volume. It's now in the red line as RSI hit 80. It may still move up some + cents but I expect a correction any time as we have observed that a lot of indicators have already reached overbought conditions. $69 is the key support level.

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I alerted Second Sight Medical Products Inc (NASDAQ:EYES) to my twitter followers (TWITTER ALERT) before crowd when it was trading around the 8.85 level. Traders who saw the gold in my alert and took advantage of EYES 100% climb, then congratulations ! BRAVO !!!

And lastly...I am also keeping a close eye on Hemispherx BioPharma, Inc (NYSEMKT:HEB) for the month of March (I own 60,000 shares of this right now). The company and the U.S. Army Medical Research Institute of Infectious Disease will present findings of new studies of Ampligen(R), an experimental therapeutic during the 7th Annual International Symposium on Filoviruses in Washington, DC, March 25-28.

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: BBRY, BCEI, CRM, CYBR, EYES, IBIO, SSH, VHC

12:29 | Permalink |

AC Investor Blog

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

Sunday, February 12, 2017

My Watchlist for Monday, February 13

Tuesday, July 12, 2016

Stocks to Watch for July 13, 2016

Saturday, April 30, 2016

Chart setups to keep an eye on next week

Saturday, February 28, 2015

Stocks to keep an eye on March 2, 2015

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