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Monday, November 30, 2015 

Stocks to Watch for December 01, 2015

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I've mentioned Celladon Corp (NASDAQ:CLDN) for the bulls out there. It looks like the stock is starting to turn back up and daily technical indicators are giving the first bullish signs. I am looking to see this stock re-test its June highs shortly. The MACD is increasing and the stock price has regained its position above all the short-term major EMAs. The nearest trend is in favour of Bulls and CLDN has room to go higher. If the stock can break through $1.89 tomorrow, we should see strong volume drive the stock higher. Also watch out for other resistance levels at $2.04 which is the 100-day exponential moving average.

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VirnetX Holding Corporation (NYSEMKT:VHC) From a technical perspective, there are some signs of a possible bounce here, due to the positive divergences (MACD Hist) and extreme oversold readings, which often leads to short covering. Plus, insiders have been very bullish about the stock and all transcations are stock purchases from CEO and Director. I expect a strong bounce soon.

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Plug Power Inc (NASDAQ:PLUG) displayed relative strength and price finally broke through the 50-day EMA on decent volume. The MACD just crossed above signal, giving the bulls the signal they wanted. It has momentum back on its side.

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Lpath, Inc. (NASDAQ:LPTN) broke the downtrend line that it established since June and traded nearly 3x normal daily volume. The stock has the potential to make a big run this week, so keep a close eye on LPTN and don’t miss the trade.

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Mosaic Co (NYSE:MOS) Positive divergences on daily indicates bounce coming.

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Micron Technology, Inc. (NASDAQ:MU) I alerted this one on Twitter morning as a potential mover and the stock did what it was supposed to do, closing up 37 cents or 2.38% on the day trading more than 13 Million of shares. The stock hit a high of $16.01, which is resistance for Tuesday’s move. MU showed strength throughout the day and should continue this upside move. If the stock can break through this level, I expect to see another strong upside move to $17 and better.

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Ambarella Inc (NASDAQ:AMBA) broke and closed above 50-day EMA on high volume. Looks good here with plenty of room to run to the next resistance at $68.86

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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22:09 | |

Monday, June 22, 2015 

Stocks to keep an eye on June 23, 2015

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Sorrento Therapeutics Inc (NASDAQ:SRNE) hit a new 52-week high today, trading as high as $17.05, before settling at a close of $16.82. I'll be watching the stock on Tuesday, looking for a follow through move. Resistance reflects today’s high of $17.05.

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Stratasys, Ltd. (NASDAQ:SSYS) has been trying to bottom for a couple of days now. There have been some pretty bullish candles forming on daily and it seems to me like it is ready to turn up. For the first time in weeks, RSI chart has a positive crossover, indicating bullish outlook and MACD still rising. The next major resistance level for stock is located at $38.44. A close above would be very bullish. On watch.

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Vascular Biogenics Ltd (NASDAQ:VBLT) is showing some signs of a possible reversal. The daily technical chart is now much improved after today’s action. The Slow Sto has reversed again the course and stock regained its 100-day EMA. I bought some today at $6.38 and I think that it could go to $8 relatively soon. On watch.

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Bullish volume pattern. Looks like Bioline RX Ltd (NASDAQ:BLRX) has a good chance to continue higher and a buy could be made as it moves over $2.30. If this happens, BLRX is a good play. The daily technical chart above shows the stock is on a bull market as the stock is trading above all EMAs and MACD has a bullish crossover. In addition, the stock was upgraded by JP Morgan and Roth Capital today with a target price of $5 and $10.5 respectively. Let's keep an eye on it as i think momentum will pick up.

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Celladon Corp (NASDAQ:CLDN) closed the day just above the break out point after some decent swings. The stock may attempt to go higher from here. If the near-by support at $2.23 (EMA13) holds up this week, a rally up to the $2.76 level is probable or even possible. Only a close below $2.23 would negate the positive outlook.


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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22:34 | |

Saturday, May 30, 2015 

Stocks to keep an eye on June 01, 2015

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The daily technical chart pattern of ZIOPHARM Oncology Inc. (NASDAQ:ZIOP) has been consolidating within a falling wedge pattern that has bullish implications. A breakout is needed to end this large consolidation and resume the uptrend. At this point Im inclined to mark a key resistance zone around 10-10.2. A move above this area, would break the upper trendline and the resistance zone. If a breakout occurs, we could see an acceleration of the bullish momentum and move toward the 11.50-12.13 area. Daily technical indicators are looking bullish, MACD and RSI are showing upward momentum. On watch.

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ITT Educational Services, Inc.(NYSE:ESI) surged 81% on Friday on one of the heaviest volume sessions this year, with 11.7 million shares traded. That is nearly 11x the average. Let's keep things simple as always! Could history repeat itself ? After looking at this daily technical chart and reviewing the price action, I came to the conclusion that we could see a surge like the one on the chart from mid-October of 2014. The small float and the high short interest could fuel another massive spike higher once the 50-day EMA is taken out to the upside. RSI has lot of room and MACD is crossing up.

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Celladon Corp (NASDAQ:CLDN) The rally in the price has broken the downtrend line on Friday, which is a buy signal. The stock could see now a significant bounce from this level. On the technical side, MACD and Slow Sto all point to upward trend while RSI is trying to break above its 30% level, passing into neutral territory. Plus, the stock broke through its 9-day EMA for the first time since April and should continue to move. CLDN has a lot of upside potential, so watch it closely on Monday.

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Sprint Corp (NYSE:S) is showing signs of a potential upside recovery. Daily MACD has stabilized and is about to cross over its signal line. A crossover would be nice and bullish. The June $5 call options have been active. Next week watch the resistance at 4.77. A close above will be bullish and may test 4.88/4.95.

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Microsoft Corporation (NASDAQ:MSFT) has been consolidating in a bullish pennant over the last five weeks. Play the break of the pattern.

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Achillion Pharmaceuticals, Inc. (NASDAQ:ACHN) has gained momentum recently and the stock rebounded about 10% in the past couple of trading sessions on increased volume. On Friday, the stock closed near its critical breakout point of $10, which may be broken out next week. Looking at the daily technical chart the MACD momentum is rising and RSI is on a strong uptrend, which when combined with the strengthening MACD could spell a strong move for the stock. If it crosses the $10 level, the stock has potential to gain 10-12%.

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CTI BioPharma Corp (NASDAQ:CTIC) could be in the early stages of a technical breakout. Technicals are showing bullish signals supported by rising MACD, ADX and RSI on the daily charts. For now, expect a run up to next resistance area around $2. If the stock is able to cross it and sustain above it, then it might go to $2.40. Keep it on your watch list going forward.

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I continue to support the idea of a significant rally on shares of Oasis Petroleum Inc. (NYSE:OAS), probably even above the February highs. The bulls remain in control as long as it continues consolidating its recent move. We still need to see a break and close above 17.83 or 100EMA to confirm a continuation to the upside with a next target in the 20 area. Only a break back below the 15 would invalidate this bullish outlook.

Have a fantastic weekend.

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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08:53 | |

Saturday, May 09, 2015 

Stocks to keep an eye on May 11, 2015

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AOL, Inc. (NYSE:AOL) Stock looks to have bottomed technically and is starting to trend higher again. The MACD has just flashed a new buy signal, while RSI is also gaining strength. The 9-day EMA has crossed above the 50-day EMA. The 20-day EMA is likely to do so soon and technically confirm a return to a bullish phase. With a combination of good earnings and a breakout with high volume, we should see a continuation of the rally for a couple of days. I loaded up some shares yesterday. Based on the earnings report this stock looks pretty cheap now. Next week we will see more upgrades coming.

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Rambus Inc. (NASDAQ:RMBS) is flagging bullishly in the 14 area. A break of the bull flag consolidation could move the stock back up to highs from April in the 14.50 area. Technical indicators are looking bullish, but correcting overbought conditions.

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Synopsys, Inc. (NASDAQ:SNPS) Potential long setup if the price takes out 48.11 with volume for day/swing trade. Rising prices w/ rising volumes indicate bullishness. All major EMAs are moving up and the stock is trading above them.

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Zynga Inc (NASDAQ:ZNGA) With its move Friday, the stock is again butting against a key resistance line that has contained prices on six previous occasions in the last four months. A break above 2.90 on volume would lead to next targets in the 3.15 and then 3.20 area.

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Celladon Corp (NASDAQ:CLDN) still holding this biotech name for a bounce into the $3 area over the next days. The stock seems to be undervalued at current levels with a good balance sheet. The company has nearly $3.55 per share in cash and a small debt. From a technical standpoint, the stock is in a clear downtrend but the signals are mixed. MACD indicator is displaying a bullish divergence and Slow Stochastic is extremely oversold on a daily basis, so I still think the stock has potential at this point for a strong bounce. A Pfizer name in the board of directors gives me some confidence to keep at it. On watch.

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XOMA Corp (NASDAQ:XOMA) is gaining some momentum again. If the stock can break through $3.74 resistance, we should see another strong upside move. Any break of that resistance (100-day EMA) will come as an indication of a short-term bottoming. The next target would be 4 to 4.10 resistance zone. XOMA will move very quickly, so watch the stock closely next week.

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Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) Looks like there were some nice buys coming in on Thursday and Friday so we might have a possible bounce play here, there is little resistance until $4.50. From the technical daily chart both RSI and Slow Stochastoic are showing positive divergences. Keep an eye on ARNA next wk.

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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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09:03 | |

Sunday, May 03, 2015 

Stocks to keep an eye on May 04, 2015

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J C Penney Company Inc (NYSE:JCP) On a technical basis, the daily chart shows higher lows and higher highs, which is a positive trend suggesting bulls are still in control. The next high should be another higher high around the $10 level. Immediate resistance remains at 8.75, with a break above it required to confirm another leg higher. Weekly call options were hot on Friday. Additionally, this stock has been showing signs of accumulation over past couple weeks. Keep it in your watchlist for next week.

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Shares of TASER International, Inc. (NASDAQ:TASR) made a new 52 week high on Friday closing at $32.37 on heavy volume. The stock hit a high of $33.23, which is now resistance for Monday’s continuation move. If the stock can break through resistance, we should see another upside move. The momentum indicators are all in bullish territory.

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Digital Ally, Inc.(NASDAQ:DGLY) showed buying strength all day on Friday. Price is slowly recovering. The 16-16.27 area is a critical resistance region that can determine overall bias for the stock in medium-term. Keep an eye on these levels. So far, momentum indicators are in favor of an upward price movement: The MACD has generated a buy signal and is currently above the 0 line and RSI is above its 50% level. On watch.

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xG Technology Inc (NASDAQ:XGTI) is approaching a key resistance level at 40c, a break above that resistance level would lead to an initial target in the 58-60c area, its January high and then to levels not seen since December 2014. Technical chart shows bullish sign with RSI above 50% levels and MACD on top of signal line.

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Vringo, Inc.(NASDAQ:VRNG) shot up on Friday after an onlinelisting (U.K. lawsuits) has reported that the company has settled its British infringement suit against ZTE. In reaction, the price broke above the 50-day EMA on high volume and closed gaining more than 14.5%. If the potential buy signal confirms itself I will be looking for a move to the resistance area at 1-1.14, at the very least. I believe in this company and will continue to hold the stock that i bought around the 80c level until they release the results of their lawsuits. High risk, but high reward.

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ZIOPHARM Oncology Inc. (NASDAQ:ZIOP) surged over 8% on decent volume, what looks like the start of a potential bounce. The stock is still oversold as evidenced by the stochastics and RSI, so there is still some chance that the stock may test the $11 levels in coming days. Stop loss must be placed at $8.6

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Celladon Corp (NASDAQ:CLDN) Calling the bottom is difficult, but my opinion is that daily technical chart is showing some positive momentum divergences. Honestly, the selling pressure seems to be losing momentum. If the stock can hold this support around 2.5 we may see a bounce to $3. Note: The fact that the company is now trading below cash levels, provides further protection. I bought this stock on Friday.

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Hertz Global Holdings Inc (NYSE:HTZ) had a solid breakout Friday on almost double its average volume in the midst of strong call option activity. The stock hit a high of $22.41 which is now resistance for Monday’s follow through move. Daily technical indicators are looking bullish. The MACD is negative but is rising above its signal line and Slow stochastic and RSI have re-entered their respective Bullish zones.

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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13:37 | |

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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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