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Monday, August 22, 2016 

My Watchlist for Tuesday, August 23

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Amedica Corporation (NASDAQ:AMDA) broke out into the gap area on heavy volume and there is a high probability for a trend continuation in the next sessions (closing gap). Daily technical indicators are showing signs of turning around.

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Chimerix Inc (NASDAQ:CMRX) displayed some impressive relative strength today with a 9% gain on volume above average. I think we will see some nice follow through tomorrow. The next major resistance area is around the $5 level. Could be a high flyer on breakout.

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If you like trading under cash small bio caps, check out this stock: Carbylan Therapeutics Inc (NASDAQ:CBYL). The company has $1.33 per share in cash but trades at 57c. From a technical standpoint, if the stock can break out above the 60c level with heavy volume, I think the stock could shoot up to test 70c area. There looks to be good upside potential, so watch the stock very closely on Tuesday. I started a position today.

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Glu Mobile Inc. (NASDAQ:GLUU) possibly basing for breakout. With the daily momentum indicators showing positive divergences on daily chart, I think a push to $2.5 or better could be in the making. Today's high volume could be a signal for trend change and the beginning of a potential major move higher.

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Achillion Pharmaceuticals, Inc. (NASDAQ:ACHN) could move toward 10 area if it breaks current horizontal resistance at 9.36

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Cesca Therapeutics Inc (NASDAQ:KOOL) was on my bottom scan at $4 on Friday and hit a high of $4.92 today. A good example of why bottom plays can be very lucrative, if you buy in at the right time. On the upside, I expect tough resistance at $5

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Ocean Power Technologies Inc (NASDAQ:OPTT) stock has been consolidating in recent weeks and is currently trading sideways.Watch for a possible breakout out of current consolidation (symmetrical triangle).

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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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21:58 | |

Tuesday, May 24, 2016 

Stocks to Watch for May 25, 2016

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Cisco Systems, Inc.(NASDAQ:CSCO) is setting up to break out and has one more level to go, which is $28.68. Daily technical indicators are looking bullish. The MACD has formed a bullish rounding bottom and crossed above its zero line. RSI is showing good upward momentum by crossing above its 50 line to enter into the Bullish zone. Watch the stock closely tomorrow.

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Verastem Inc (NASDAQ:VSTM) made an awesome move breaking out of a major resistance line with volume backed confirmation. I went long as its quite possible we should see a short term move near $1.9/share. The Daily technical chart shows bullish sign with +DI line on top of -DI line and RSI rising. There could be good upside in VSTM so watch the stock closely on Tuesday. Plus, the company is trading significantly under cash (99.54M or $2.69)

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Cesca Therapeutics Inc (NASDAQ:KOOL) closed back above the 50-day exponential moving average line on Tuesday, and that's the key indicator line for the near-term trend. Keep on watch for a follow through tomorrow.

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Carbylan Therapeutics Inc (NASDAQ:CBYL) There have been some pretty bullish candles forming on this daily chart and it seems to me like it is ready to turn up. A/D indicator shows strong accumulation. The next major resistance level for stock is located at $1.14. A close above would be very bullish. On watch.

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Advanced Micro Devices, Inc. (NASDAQ:AMD) Continues to act strong setting new highs.

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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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22:07 | |

Monday, May 16, 2016 

Stocks to Watch for May 17, 2016

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Apple Inc. (NASDAQ:AAPL) has had a rough time over the past sessions, but today’s bounce could be the first move to recovery. Short-term indicators are starting to line up. The chart suggests that stock might find now resistance at $95.32. Only a close above this level would suggest further upside.

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You need to watch Carbylan Therapeutics Inc (NASDAQ:CBYL) stock closely because it could break resistance soon (50EMA). A successful cross of the resistance line the stock can rally up to the next resistance level which is at 1.25 levels.

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Williams Companies Inc (NYSE:WMB) is quietly gaining momentum. It looks ready to break a recent high of $21. If the stock can manage a breakout above this level on high volume, it would be a great buying opportunity but only on a breakout. Keep it on your watch list going forward.

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Galena Biopharma Inc (NASDAQ:GALE) continues to build a nice optimistic formation under resistance at $1.33 (200EMA). Watch for a break through that price level to indicate that another push higher will occur. Support at $1.16

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Regeneron Pharmaceuticals Inc (NASDAQ:REGN) closed today's trading session at 391.95, inching up by 6% with the stock attracting more than 1.299 million shares. REGN shows signs of a trend reversal. Trajectories of momentum indicators on daiy charts also suggest uptrend for the stock. Next major resistance lies at 395

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Portola Pharmaceuticals Inc (NASDAQ:PTLA) Technical daily chart looks bullish. Keep an eye for a possible breakout over $25.54

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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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22:08 | |

Saturday, April 23, 2016 

Stocks on my watchlist for next week

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Eleven Biotherapeutics Inc (NASDAQ:EBIO) In the last few sessions this stock has seen some dramatic gains. It was as low as $0.31 at the beginning of April and hit as high as $1.70 last week. The gains in just about 2 weeks came out to over 370%. The stock is currently overbought, but it could get more overbought closing the gap. It looks like MCUR might also have a great run so check the chart below for more details.

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Keep a close eye on this one. Macrocure Ltd (NASDAQ:MCUR) closed up over 14% yesterday on strong volume (nearly 10x avg). Let's take a detail look at the stock and see if the stock is worth buying. From a technical standpoint, the daily indicators point to MCUR being in an upward trend already. The MACD is now back above zero and +DI seems to be crossing up indicating bullish swing. This could be just the beginning of a breakout that could bring good returns. Plus, the stock is currently trading below cash levels. According to Yahoo, the company has around 1.80 cash per share or 30M and zero debt, which means that theoretically, investors are getting its business for free. With around 1.80 in cash, right now this stock is undervalued at 1.09 and the gain potential is not only good, but very accessible. Let's see if the history repeats itself (December 2015 massive gains). I'm long. You know, biotech small-caps are HOT, and the probabilities of any stock in this sector outperform any other asset, is very high.

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Sarepta Therapeutics Inc (NASDAQ:SRPT) has witnessed huge volatility in the past two sessions. The stock rose more than 35 percent on Friday after the FDA added a voting question to the agenda for the Monday meeting of the Peripheral and Central Nervous System Drugs Advisory Committee. So, everything can happen next week. In other words, the volatility will remain extremely high and you should invest/trade carefully or stay on sidelines till the near-term uncertainty subsides. This is the 30m chart with some key levels to watch next week. Good luck to all. I have no positions here.

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Carbylan Therapeutics Inc (NASDAQ:CBYL) is another stock on my watchlist. CBYL closed above its 20-day exponential moving average for the first time in nearly three months. It is seeing some significant volumes. I think the stock has a good chance to run to the 50-day EMA next week. On the daily time-frame, the MACD-histogram has been sloping up and the short-term EMAs have just ticked up to give a buy signal on the Impulse System. The slow stochastics and RSI are both rising, indicating bullishness. On watch.

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Plug Power Inc (NASDAQ:PLUG) looks about ready to pop here. The stock has finally recaptured the declining 200-day exponential moving average and closed the day near its high, with solid gains. Momentum indicators are bullish with RSI inching away above the middle level. The strongest sign of a bullishmomentum is the MACD indicator which is currently above the 0 line. Watching for $2.25 breakout. This momentum could push this stock much higher from here, so keep the stock on your radar for Monday’s trading day as there is good upside potential in this move. Short-term levels to watch 2.25 and 2.35.

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VirnetX Holding Corporation (NYSEMKT:VHC) is still trading in a range between 3.90 and 5. The direction for the stock remains unclear, but I still believe we will see some upward movement.

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BlackBerry Ltd (NASDAQ:BBRY) It looks like the buyers are finally aware of the buying opportunity at cuurent levels. Some positive divergences in the daily technical chart showing up. The MACD just gave a crossover buy signal and the Slow Sto is rising. We might have seen the bottom and ready for a sustain rally. I expect its up-move to continue and reach my first price target of 7.81 or 8.20 in the forthcoming trading sessions.

If you want to contact me for advertising opportunities on blog or twitter, then get in touch via email

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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15:23 | |

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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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