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Saturday, September 16, 2017 

Some of the stocks in my watchlist for next week (big and small caps)

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Petroleo Brasileiro SA Petrobras (NYSE:PBR) over the last 2 weeks has formed a bullish flag pattern with a key resistance in the 10.15 area, which could be broken in the next few days. If a breakout above the 10.15 area occurs, we could see a move toward the 11 level. On watch.

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Celgene Corporation (NASDAQ:CELG) Flagging here. Watch Monday's action for a possible breakout over $142.69

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NVIDIA Corporation (NASDAQ:NVDA) On Friday, stock price broke out to a new all-time high accompained by a strong volume suggesting higher levels. The break of this resistance line confirms the beginning of new uptrend momentum, which could move the stock above the $185 area in short-term. Use the rising EMA50 as stop. Shorts continue to get squeezed.

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Bristol-Myers Squibb Co (NYSE:BMY) another Bullish flag formation here. Play accordingly.

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BlackBerry Ltd (NASDAQ:BBRY) has consolidated in a large ascending triangle, whose upper trend line around 9.34 is now ready to be broken. Another good sign on chart that could help move the stock toward my first target range of $10.1-$10.38 would be a close above the declining 50-day exponential moving average, which is currently at 9.30. If the stock clears resistance the move may be powerful.

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Microbot Medical Inc (NASDAQ:MBOT) still on my watch list for next week. The stock had a very productive day on Friday as we saw gains of nearly 15% on volume well above average and I believe the stock has more room to run. A breakout over $1.34 (declining EMA50) with strong volume would send this flying.

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Celsion Corporation (NASDAQ:CLSN) deserves some consideration next week. The stock looks poised for a possible trend reversal after dropping to the $1.25 level forming a nice base on its daily chart. It is now recovering from its bottom with MACD, RSI and ADX moving upwards. The pattern needs to confirm by breaking above the $1.55 (Fridays high) resistance. If that break occurs, the price may rise to the 2.18-2.4 range in the short-term. I bought a lot of shares on Friday. This bottom pattern reminds me TRACON Pharmaceuticals Inc (NASDAQ:TCON) before the big rally this month.

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Watch carefully this rounding bottom pattern in Invivo Therapeutics Holdings Corp (NASDAQ:NVIV). For the first time in weeks the stock closed back above the EMA20. Expect price to rise next to test the declining EMA100 again followed by 1.65 resistance area. Technical indicators are also supporting a continuation of the move higher.

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Zosano Pharma Corp (NASDAQ:ZSAN) continued to show strength with another nice gain. Friday's rally put shares near the psychological resistance level of $1, which is a bullish sign. Current momentum is likely to continue towards the 1.25-1.30 area.

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Spherix Inc (NASDAQ:SPEX) Still on my top long list (small caps). Could move toward $2 area if it breaks and closes above the 1.68 level. Technicals look Bullish to me. Momentum picking up with MACD climbing and RSI rising. Watch for continuation.

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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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17:48 | |

Monday, September 29, 2014 

Stocks to Watch for September 30, 2014

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The Coca-Cola Company (NYSE:KO) is setting up nicely to break into new highs. Buy point would be on the day it blows through $42.35 on heavy volume.

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Celgene Corporation (NASDAQ:CELG) looks ready to make new highs. On the technical side, the technical chart looks very good here. The MACD is positive and above its rising signal line. All EMAs are both rising with the stock trading above them. Breakout watch over 96.50

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The Boeing Company (NYSE:BA) is in an ascending triangle formation with higher lows putting some pressure on the 130 area, a break of which could move the stock significantly higher. On watch.

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You need to watch Legg Mason Inc (NYSE:LM) stock closely because it could break resistance soon.

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Aegerion Pharmaceuticals, Inc. (NASDAQ:AEGR) made a nice upside reversal today in a weak market. The chart suggests that stock might find now resistance at $35.09. Only a close above this level would suggest further upside.

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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22:07 | |

Saturday, August 16, 2014 

Stocks to Watch for Aug 18, 2014

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WidePoint Corporation (NYSEMKT:WYY) ended Friday's session at 1.62, gaining more than 9 per cent with 1.1M shares changing hands. The stock price looks to be on a reversal of its short-term trend supported by a positive MACD cross and directional indicators. On the upside, the next resistance lies at 1.68

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Yahoo! Inc. (NASDAQ:YHOO) has been in a bullish consolidation over the last 3 weeks. The major resistance stays at $37. Fresh long positions should be made only when the stock closes above this level with an up candle on volume.

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Gold Resource Corporation (NYSEMKT:GORO) continues to demonstrate positive outlook. It is likely to show further upside if the stock price succeeds in convincingly breaching the next key resistance at 6.24.

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Celgene Corporation (NASDAQ:CELG) continues to demonstrate bullish outlook with its strong structure on daily charts. It needs a convincing break out at 90.50 levels to see a continuation of the trend.

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Glu Mobile Inc. (NASDAQ:GLUU) ended the Friday's session at 5.19, slipping down by 3.17% with 12.5 million shares traded. The stock price closed in red for the second consecutive session with relatively high volumes and demonstrates weakness with its recent downturn. Momentum indicators suggest flat move w/ a negative bias for the stock. Bulls need to hold the key support level of $5.

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Globalstar, Inc. (NYSEMKT:GSAT) ended yesterday session at 3.99, losing 0.25% with thin volumes after breaking out of the descending channel the day before. The stock continues to maintain positive outlook by holding above all major EMAs. On the up side, the stock is likely to find resistance at 4.20 then 4.42.

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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09:59 | |

Tuesday, May 22, 2012 

Wednesday's Stocks To Watch, May 23 2012

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Akorn, Inc. (NASDAQ:AKRX) tried to breakout today again after yesterday's breakout but failed to close near the highs. The stock pulled back during the day, however still closed higher than the high of the previous session, which is bullish to me. Lets see how this trades tomorrow.

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Bought Pharmacyclics, Inc. (NASDAQ:PCYC) on Monday after a nice breakout. Today's action followed through nicely as this stock was up 4.5%. The technical chart show a continuation of the uptrend with MACD and RSI in the Bullish areas. However, both stochastic and the RSI indicator is reaching the top end which indicates that the stock may be reaching overbought condition soon. For the long term the stock should still continue to go up. Resistance: $32.94 Support : $27.42

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Rosetta Genomics Ltd. (USA) (NASDAQ:ROSG) continues to perform strongly and appears poised to test the 200-day moving average line at $8.26.

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Wal-Mart Stores, Inc. (NYSE:WMT) continued higher today up over 1% as there was good follow through from the breakout yesterday.

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Celgene Corporation (NASDAQ:CELG) bounced nicely off the 200 day MA. If it can clear the recent high of $71.75, I think it can get to the 50 day MA at $75

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FirstEnergy Corp. (NYSE:FE) was setting up nicely in this small consolidation pattern and I was expecting a breakout soon, however it seems as though it wants to continue consolidating. Looking at the technical chart the 20-day MA is moving up and hopefully this can provide some support in the next few days. I still like the stock here if it can hold that MA.

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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22:15 | |

Tuesday, July 01, 2008 

Stock Picks and Trade Ideas for Wednesday - GOOG, CELG, MA, SNDK

Chart courtesy of stockcharts ( click to enlarge )

Shares of Sandisk fell sharply Tuesday to a new 52 week low as the maker of flash chips was the subject of another bearish Wall Street note. Kevin Vassily analyst of Pacific Crest Securities cut his financial estimates for SanDisk's second quarter and 2008 year, citing a market "awash in supply" of flash chips that has led to rock-bottom prices and is showing signs of lingering well into the future. Looking at the daily chart, the picture is really ugly. The stock is in a clear downtrend mode and it is still to early to say that the downtrend has ended, however the chart is showing signals of extremely oversold conditions which can lead to powerful rallies in response.

Chart courtesy of stockcharts ( click to enlarge )

MA - From the above chart patterns, it looks like a head and shoulder formation with a neckline around $260. A reversal at or below $260 would validate the chart pattern and then I will consider a short on the break of the neckline. But until that happen I remain flat, waiting for confirmation.

Chart courtesy of stockcharts ( click to enlarge )

Celgene shares surged 8.4 on Tuesday as a potential competitor to its bone-marrow cancer treatment in Europe failed a late-stage clinical trial. The stock broke out today on pretty good volume, we’ll see if it can continue or not.

Chart courtesy of stockcharts ( click to enlarge )

GOOG - From a technical perspective based in the chart, I still think the stock will fill the gap and and trade back into 460 area. The technical indicators continue to show signs of weakness.

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. See you Tomorrow !!!

AC

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21:41 | |

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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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