AC Investor Blog

My Watchlist for Monday, December 05

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ZIOPHARM Oncology Inc. (NASDAQ:ZIOP) broke out of a four month sideways trend between 5.25 and 6.25 one month ago and over the last four weeks has tested the breakout area successfully on two occasions suggesting the stock may be ready to move higher. Plus, the 50-day EMA has crossed over the 100-day EMA for the first time in months, signaling a medium-term bullish trend. With the 50-day EMA holding as support, I'm looking now for price to briefly retest the 7.50 zone. Additionally, there was an unusually high call options activity on Friday (strike Dec $8), which could be a signal of good things to come. The next buy point would be when it breaks over 6.50 on heavy volume, while immediate support has moved up to $6.01.

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IntelliPharmaCeutics Intl Inc (NASDAQ:IPCI) The stock last week broke out of a descending channel on hourly, after testing support in the $2.7/2.75 region and is now facing resistance at 2.89 area. A break and close above opens the way towards 3.35. From a technical standpoint, the hourly RSI has turned up and is quickly approaching the mid line. The hourly MACD also crossed above its signal line last week. These are positive signals for the stock. $2.89 is the pivot level to watch next week. Im long. I think we could retest the recent highs (3.35) and possibly break upwards some more.

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ContraVir Pharmaceuticals Inc (NASDAQ:CTRV) is a stock that deserves some attention over the coming sessions, for a potential reversal. I see CTRV on verge of breaking up out of this compression. My short-term indicators have signaled buy with bullish divergences, thus we can expect stock to get above the 2.18 level sometime next week.

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Shares of Exxon Mobil Corporation (NYSE:XOM) tried to break out last week but failed. At this point the stock remains bullish as price is above all EMAs and MACD is rising above 0. $88.59 is the pivot level to watch next week. Wait for the break to enter long. You can see my full article about XOM HERE.

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Syntel, Inc. (NASDAQ:SYNT) is a low volume medium cap that may be poised to move higher. Momentum indicators are displaying positive divergences. Plus, insiders have been buying shares lately. If the stock can get above 20.47, it would likely start to create a short covering as the short % of float is about 9% currently.

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Northern Dynasty Minerals Ltd (NYSEMKT:NAK) had a very bullish move on Friday breaking several resistance lines with large volume. Breakout watch over 1.55.

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Cempra Inc (NASDAQ:CEMP) regained the 13-day exponential average for the first time in over six weeks. This is a stock that could head higher from Friday's close. 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

Labels: CEMP, CTRV, IPCI, NAK, SYNT, XOM, ZIOP

19:30 | Permalink |

My Watchlist for Monday, November 21

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IntelliPharmaCeutics Intl Inc (NASDAQ:IPCI) jumped 21c, or 7.24%, on Friday to 3.11, just 22c below its 52 week high of 3.33. The stock broke its descending trend line (yellow line on chart) and could break 3.33 next on its way to a target of 3.72 to 3.98 if the volume keeps up and shorts continue to cover. From a technical standpoint, the stock is in a bull market and showing clear signs of wanting to move higher. All major five EMAs are moving up and the stock is trading above all. Friday’s intraday high of 3.11 is the highest level the stock has touched in more than 4 weeks. The RSI indicator, which was falling towards its 50% level in the beginning of the month, turned around smartly and has more room to run before hits overbought momentum. The MACD has climbed up above its signal line in positive territory. The daily technical chart above gives me a good indication on the trend momentum and I believe we could see new highs next week.

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ContraVir Pharmaceuticals Inc (NASDAQ:CTRV) closed slightly below key resistance on volume. The technical daily chart above shows a large consolidating pennant shape that could see a strong breakout to the upside next week. The high short interest should also serve to fuel a short squeeze situation. If a breakout above 2.15 occurs, we could see a move toward the 2.45-2.50 range initially, then a test of the highs is forthcoming.

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OvaScience Inc (NASDAQ:OVAS) is one for the bottom pickers. Upside volume is picking up and a bottom pattern is taking shape. The technical indicators are looking better for the stock with MACD flashing a buy signal, %K line on top of %D line and RSI indicator moving up from the 20 level (positive divergences). Keep an eye for a possible breakout over $3.75.

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Dynavax Technologies Corporation (NASDAQ:DVAX) has recovered nicely from its lows and can potentially set-up very well for a swing-trade if the stock breaks through the resistance level at $4.85 (gap area). There could be good upside in this trade, so watch DVAX closely next week.

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Cempra Inc (NASDAQ:CEMP) is starting to heat up again and I expect to see it trading above the $8 level very soon. This bottom play has started to bounce nicely off its bottom and the momentum indicators are giving a clear picture of a short-term upward bias. Let’s see whether the stock can gather enough momentum to break through the 7.50 level. On watch.

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Last week, in a filing with the Securities Exchange Commission, Stonepine Capital, L.P. reported a stake of more than 5% in Alimera Sciences Inc (NASDAQ:ALIM). I like the idea of getting long with a stop just below the $1.10 level. From a technical standpoint, the MACD is making a bullish crossover and the RSI is also rising. I think the most important level to watch at this point is the 20-day EMA now at $1.23. If this zone is surpassed, getting to $1.44 would be a possibility.

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Aqua Metals Inc (NASDAQ:AQMS) continues to perform strongly and appears poised to breakout to new highs. Keep it on watch.

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Gastar Exploration Inc (NYSEMKT:GST) closed the week with a clear bullish tone in its chart and looks like it will continue to run up. The first possible target price for this stock is at $1.43 and have to see from there. The short-term uptrend remains intact.

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Its clear that the stock wants to move higher again, but too much caution right now. Apple Inc. (NASDAQ:AAPL) needs to take out $111 first in order to materialize a new trend change. The break of the resistance line with heavy volume should be the next buy point. Watch the stock closely next week.

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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, ALIM, AQMS, CEMP, CTRV, DVAX, GST, IPCI, OVAS

15:50 | Permalink |

Stocks to keep an eye on January 14, 2015

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Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) is in a bullish flag pattern consolidating its strong rally from the 3.8 to 6.28 levels. Today, it jumped 40 cents or 7% closing the day slightly below its recent highs, which is highly possible to be broken soon. If the stock breaks above that level, it could retest the May highs of 2014 in the 6.72-7.22 area within the next couple of days.

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Sanchez Energy Corp (NYSE:SN) The recent pullback appears to be well supported based on the A/D indicator and we could see a strong move off these levels very soon. This was a $20 stock in October and at $8.62, in my honest opinion, there is a compelling risk / reward scenario. Look at the big volume days on chart, that's serious accumulation. On the upper side, the move is likely to accelerate above 8.95. Short-term investors can hold the stock as long as it trades above 7.66. The stock is starting to bounce and should be one to watch going forward.

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Northern Oil & Gas, Inc. (NYSEMKT:NOG) jumped 27 cents or 4.74%, today to close at 5.97, just slightly below the key resistance at 6.08 (50EMA). If broken tomorrow, this could move the stock price to re-test the recent high at 6.45, which appears to be the next resistance area.

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Seadrill Ltd (NYSE:SDRL) In the daily chart, indicators start getting exhausted in extreme oversold levels, suggesting an upward corrective movement.

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Vringo, Inc. (NASDAQ:VRNG) It looks like the stock price is building a base at these levels to bounce higher. While it may be too soon to say that this stock has hit bottom, at least on a relative basis the stock price is starting to show some signs of strength. Keep an eye for a possible breakout over 0.575

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Cempra Inc (NASDAQ:CEMP) As long as the stock holds the 9-day EMA, the trend is your friend ;)

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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: ARNA, CEMP, NOG, SD, SDRL, VRNG

22:48 | Permalink |

AC Investor Blog

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

Saturday, December 03, 2016

My Watchlist for Monday, December 05

Saturday, November 19, 2016

My Watchlist for Monday, November 21

Tuesday, January 13, 2015

Stocks to keep an eye on January 14, 2015

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