AC Investor Blog

My Watchlist for Monday, October 24

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FireEye Inc (NASDAQ:FEYE) showed relative strength on Friday compared to rest of market, which was a very good sign. If momentum continues as I expect Monday, we could have formed a double bottom formation on daily. The technical indicators are showing some signs of an upward reversal. A rally above the 9EMA can push the stock higher to 13.38 and 13.50 in the short-term. Stop 12.10

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Paypal Holdings Inc (NASDAQ:PYPL) On Friday, price broke out to a new all-time high accompained by a strong volume suggesting higher levels. The stock hit a high of $44.24 which is now resistance for Monday’s follow through move. I won't be surprised, if a profit taking appear in the next trading sessions due to the overbought conditions already reached. I will wait for a retracement to the initial break before entering the trade.

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I've been following Twitter Inc (NYSE:TWTR) for a few days now and surprisingly the stock showed a lot strength Friday on more takeover rumors. Any close above the 18.24 level (gap zone) with force might give room to $19.70. Possible reversal pattern forming.

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I have detected strong insider buying in Biocept Inc (NASDAQ:BIOC) Friday (reported after-market close), with some 759K shares bought (19 Oct). I never saw something like this before in BIOC. This stock should be on top of your watch-list on Monday.

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Thin name. Calithera Biosciences Inc (NASDAQ:CALA) looks poised for a possible trend reversal after dropping to the $3 level forming a nice base on its chart. A move above 3.05 would confirm the trend with a short-term target of 3.35. Stop 2.80

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Palo Alto Networks Inc (NYSE:PANW) Watch the 20EMA for an upside break at 151.66 for short-term direction.

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IntelliPharmaCeutics Intl Inc (NASDAQ:IPCI) has displayed impressive relative strength so far this month and appears to be preparing to take out the key resistance at $3.33. As long as all intermediate corrections end above the rising EMA20, the uptrend remains intact (I brought to your attention a month ago around the $1.74 level).

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Navigator Holdings Ltd (NYSE:NVGS) Will watch to see if it can break this key horizontal resistance line. Daily technical indicators are showing signs of turning around. Over $7.80 would be buy trigger.

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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: BIOC, CALA, FEYE, IPCI, NVGS, PANW, PYPL, TWTR

20:33 | Permalink |

My Watchlist for the first week of October

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Calithera Biosciences Inc (NASDAQ:CALA) Looks setup for a potential upward move. This stock could be considered one of my favorite plays for Monday, as the chart structure suggests that a huge breakout could be on the horizon. CALA has been basing for a long time, but Friday's close on volume increase could have signaled a shift in the trend. It has witnessed phenomenal gains in valuation when volume enters, so put this small bio tech stock on the top of your list for Monday Morning. If a breakout occurs on volume, we could see a fast move up to $4.20 initially.

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PTC Therapeutics, Inc. (NASDAQ:PTCT) Good break higher Friday on very strong volume surge, clearing the prior highs and the declining 200-day exponential moving average. Stock has not traded at this level since March. Friday's high is resistance for a follow through move next week, a break above this level will confirm the bullish trend and the following uptrend will take price up to $16 zone.

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IntelliPharmaCeutics Intl Inc (NASDAQ:IPCI) Low volume pullback. Moving up after testing the rising 20-day EMA. Looking good technically right here. The Accumulation/Distribution line clearly shows lots of accumulation recording a five month high. The stock may attempt to go higher from here. If the near-by support at $2.01 (13EMA) holds up next week, a rally up to the $2.34 level is probable or even possible. Only a close below the $2 price level would negate the positive outlook. From a technical standpoint, IPCI is my momentum alert with huge Potential.

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Walter Investment Management Corp (NYSE:WAC) Stock has made an awesome run since the beginning of August. Although it did not perform well this year, we start to see some signals of rebound as the technical daily chart shows positive momentum is back. I'd look to the $4.20 level as the next buy point. If it passes that on high volume, then we have room to run to next resistance at $5. Let’s keep an eye on WAC.

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Resolute Energy Corp (NYSE:REN) Renewed buying pressure last week sent shares to fresh all time highs as shorts continue to be squeezed out. If the stock can break Friday’s high of $26.50, we should see a follow through move.

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Renren Inc (NYSE:RENN) looks strong enough to move forward. It's 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 $2.10

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I continue to watch Tokai Pharmaceuticals Inc (NASDAQ:TKAI). The volume is still large so the stock could potentially break out again at any moment. Further rally could be seen to retest $1.85 short-term resistance. As long as the stock stay above the rising 20-day EMA, the bullish scenario is still intact. Accumulation on charts is rising and steady.

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Cheniere Energy Partners LP Holdings LLC (NYSEMKT:CQH) After taking a breather early this week, the stock broke out on Friday on heavy volume making a new 52-week high. I'll be watching the stock on Monday, looking for a follow through move. As long as the stock stays above $21.42, the bullish scenario still intact.

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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: CALA, CQH, IPCI, PTCT, REN, RENN, TKAI, WAC

17:51 | Permalink |

This is my watchlist of stocks for Monday

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What a week my readers/twitter followers had with some amazing gains on multiple stocks from my watchlist. Some of you may remember my Tuesday's post about this monster stock alert. Kura Oncology Inc (NASDAQ:KURA) closed the week with a gain of 79.58% over the previous week. The stock showed great momentum and had great trading volume. If you're still in KURA make sure you have your downside protected. Congratulations to all of you that took advantage of this pick and think of me when you spend some of your well-earned gains. I will wait for a pullback to enter long again.

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Calithera Biosciences Inc (NASDAQ:CALA) is one for the bottom pickers. The stock has had a rough time over the past weeks but the selling pressure seems to have dried up. The selling that brought the stock to $3.24 has slowed, and since last week the accumulation has been building. Strong volumes and sharp volatility indicate investor uncertainty which often precedes a trend change. In my view, the stock has formed a bottom and I expect a move past 3.66 to take the stock towards the target of 4.20 with stop-loss at 3.20. From a technical standpoint, there are some signs of an imminent bounce due to the positive divergences (MACD Hist, RSI & CMF), which often leads to short covering. Plus, the Parabolic SAR triggered a Buy signal for the first time since May. Fundamentally, the stock seems to be undervalued at current levels with a good balance sheet and zero debt. The percentage of shares held by institutional and mutual fund owners is 75%. A big bounce could be brewing.

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Relypsa Inc (NASDAQ:RLYP) Earlier this month, the stock broke the downtrend line and cleared the declining 200-day EMA on expanding volume. Price pulled back last week on low volume and successfully tested the 200-day EMA (new support / prior resistance). Following a short-lived pullback, the stock resumed the upside Friday with a big bullish candlestick on solid volume. This could lead to a test of the 21.98 high within the coming days, which is why RLYP has been added once again to my watchlist for next week. From a technical perspective, the key EMAs I monitor (9-day EMA, 13-day EMA, 20-day EMA, 50-day EMA and 100-day MA) are confirming the recent strength in the stock. On the daily technical chart above, notice the 20-day EMA (light blue line) crossed above the 100-day EMA (Pink line) late in June. Also, the 50-day EMA is now above the 100-day EMA and trending higher. Plus, the MACD is rising above its signal line in positive territory and the RSI has moved above its 50% level. A move above $21.98 next week opens the door to $25. I continue to support the idea of a significant rally, probably even above the April highs. The bulls remain in control as long as it continues consolidating its recent move.

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Chimerix Inc (NASDAQ:CMRX) Rallied over 5.5% Friday on decent volume. The stock is trading near the high end of its one-month range. A break of this key resistance level (4.07/4.10) would send it to 4.56. All major indicators are displaying bullish signals.

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Rambus Inc. (NASDAQ:RMBS) finally closed the week above the $12.50 mark, gaining 64 cents or 5.28% since last week’s closing, to settle at $12.75. A break over Thursday's high could push it to test $13.25. All short-term EMAs are rising and the stock is trading above them. The bulls are back in control.

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Apple Inc. (NASDAQ:AAPL) has been in an upwards trend the past few days and looks ready to continue this move. To confirm the reversal, price needs to close above the declining 100-day EMA with heavy volume. The short-term trend is bullish as the stock is above all key short-term exponential moving averages. Additionally, MACD lines are going up and RSI still climbing. I suspect the stock may continue to appreciate over the coming days. Stop should be placed around 96 (rising 20-day EMA). Keep this one under radar.

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Westport Fuel Systems Inc (NASDAQ:WPRT) In a Potential double bottom formation. The immediate resistance is around 1.57/1.6 which the stock will likely to test next week. A close above this key resistance area is a pre-requisite for the reversal of the bearish trend.

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I continue to watch Zagg Inc (NASDAQ:ZAGG) because the volume is still large, so the stock could potentially break out again at any moment. Keep an eye for a possible breakout over $6.51 The technical daily chart still showing a bullish bias.

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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, CALA, CMRX, KURA, RLYP, RMBS, WPRT, ZAGG

21:09 | Permalink |

Stocks to keep an eye on May 14, 2015

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Calithera Biosciences Inc (NASDAQ:CALA) has been consolidating in a bullish pennant pattern in the 13 area after its steep upmove from near 10 to over 14. Watch for a breakout above 13.50. Daily technical indicators have turned bullish.

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Twitter Inc (NYSE:TWTR) is on bottom watch. Based on the daily technical chart, this stock has declined to the point of becoming a good bottom play, at least a 10% bounce in my opinion. The recent volume and buying action, seems to support this view.

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J C Penney Company Inc (NYSE:JCP) Long set-up on watch. Lets see if it breaks over $8.98 this week. The MACD is currently positive and rising above its signal line. Plus A/D is increasing, indicating accumulation of shares in the market. Keep JCP on your radar going forward.

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Pacific Ethanol Inc (NASDAQ:PEIX) broke out today on strong volume and I'm looking for a continuation move on Thursday. Next major resistance lies around the $15 level.

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: CALA, JCP, PEIX, TWTR

22:40 | Permalink |

AC Investor Blog

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

Saturday, October 22, 2016

My Watchlist for Monday, October 24

Saturday, October 01, 2016

My Watchlist for the first week of October

Saturday, July 16, 2016

This is my watchlist of stocks for Monday

Wednesday, May 13, 2015

Stocks to keep an eye on May 14, 2015

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