AC Investor Blog

My Watchlist for Wednesday, September 28

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Keep a close eye on Micron Technology, Inc. (NASDAQ:MU) tomorrow. If it can break out above $18.08 with heavy volume, I think the stock could shoot up to test $20 area. There looks to be good upside potential, so watch the stock very closely on Wednesday.

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Ocean Power Technologies Inc (NASDAQ:OPTT) is starting to turn back up again after a long pullback. The stock finished the session with solid gains of +11% and looks right on the verge of a strong breakout. If it breaks the 7.33 level tomorrow, the move could be powerful and the following uptrend will take price up to $10 zone.

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CONSOL Energy Inc. (NYSE:CNX) has a very interesting daily technical chart as the stock looks to be ready for another upside move. All indicators are looking Bullish. Keep an eye for a possible breakout over 18.45.

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ProNAi Therapeutics Inc (NASDAQ:DNAI) hit my scanner today with volume 5x above avg. The stock is in the process of bottoming and I expect a pop above $2.04 at some point in the coming sessions.

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Second Sight Medical Products Inc (NASDAQ:EYES) is displaying a screaming buy divergence on the upside. A close above 3.45 will impart bullishness and will help the stock move to the $3.90 area.

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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: CNX, DNAI, EYES, MU, OPTT

22:27 | Permalink |

Stocks to Watch for July 27, 2016

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Amicus Therapeutics, Inc. (NASDAQ:FOLD) For what it's worth, the price cleared this key horizontal resistance line on increased volumes. The bounce from the 20-day EMA makes it more authentic. The MACD is rising and the RSI is moving up showing renewed strength. Ready for higher prices. Stop 5.75

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Adverum Biotechnologies Inc (NASDAQ:ADVM) Positive divergences on daily indicates that a bounce is likely. For me, it seems to be forming a bottom and the breakout is a matter of time. It's a cash-rich company.

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CONSOL Energy Inc. (NYSE:CNX) is looking pretty good breaking out of a consolidation pattern with a significantly higher target in place.

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Micron Technology, Inc. (NASDAQ:MU) A few days ago I alerted to my twitter folowers at $13, today it closed at $14.67. It just keeps moving higher on nice steady volume. Long setup.

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Ambarella Inc (NASDAQ:AMBA) Nice runner from the buy list yesterday. After one week of consolidation in the 56-58 area stock finally broke out and took out its critical level of $58.17. The break of this key resistance line confirms a short-term trend reversal and the beginning of new momentum, which could move the stock above the $60 area.

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XOMA Corp (NASDAQ:XOMA) starting to wake up, breakout watch above 58c. The daily technical chart shows that MACD is rising in negative territory, while the RSI is also gaining strength. Next resistance is located at 58c while there is some nice support around 53c. If a proper breakout happens at 58c we can see an initial target of 65c

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Apple Inc. (NASDAQ:AAPL) is trading higher after hours, as the company released good earnings. For tomorrow, the levels to watch on upside will be at 101.89 and 102.22

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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, ADVM, AMBA, CNX, FOLD, MU, XOMA

21:53 | Permalink |

Stocks to Watch for April 28, 2016

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Eagle Bulk Shipping Inc (NASDAQ:EGLE) broke a falling wedge to the upside on strong volume expansion. The stock has a likely target of 0.90c and it may have the strength to go further. Use a stop at 48c. The daily technical indicators are also turning up from over sold conditions and the MACD indicator looks likely to form its own crossover. Keep EGLE on your radar for Thursday’s trading day, as there is good upside potential in this move.

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CONSOL Energy Inc. (NYSE:CNX) had a very nice day today breaking out above the $14.20 level on strong volume. As long as the stock can hold this level, it looks good.

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VirnetX Holding Corporation (NYSEMKT:VHC) There was no follow-through move after yesterday's rally to confirm the breakout, however the daily technical indicators remains positive and the bullish options flow that we saw on Tuesday, should be taken into account. I think that it will resume its climb very soon.

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California Resources Corp (NYSE:CRC) is setting up nicely to break out. Next buy point would be on the day it blows through $2.55 on heavy volume. The daily technical indicators are looking Bullish.

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Stone Energy Corporation (NYSE:SGY) has formed a resistance around the 1.3-1.35 zone. Watch to buy on a break above this key resistance level. Momentum indicators are rising on daily charts.

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NVIDIA Corporation (NASDAQ:NVDA) Flagging here. A breakout above $37.46 would constitute a technical entry for the short term trader looking for a quick trade. As long as the stock holds above the rising 20-day exponential moving average, the trend remains to the upside.

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Possible resistance breakout trade setting up on Microchip Technology Inc. (NASDAQ:MCHP). Good long setup if it takes out the 50.67 area on volume.

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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: CNX, CRC, EGLE, MCHP, NVDA, SGY, VHC

22:32 | Permalink |

Stocks to Watch for March 11, 2016

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Sarepta Therapeutics Inc (NASDAQ:SRPT) made a strong reversal candle Thursday on heavy volume and broke out the neckline of a Cup and Handle bottom chart pattern. The volume confirmed the breakout, as it was greater than average. With technical chart showing strength as MACD is above signal and RSI above its 50% level, we could see the stock keep going up. Next resistance is at $18.10 (Declining 50-day EMA).

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Tesla Motors Inc (NASDAQ:TSLA) has reached a key resistance area. The stock could be setting up for a pullback here. The technical indicators are looking slightly weaker. The slow stochastic is in the overbought and showing signs of falling. The MACD is in the positive zone, but the RSI has stopped rising. From a technical point of view a close below the $200 level would activate a sell signal.

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United States Steel Corporation (NYSE:X) has been is on a remarkable run and it does not looks like the trend will change soon. The stock could breakout again at any moment. Next buy point when clears 14.54 on heavy volume.

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CONSOL Energy Inc. (NYSE:CNX) is still holding up well here and the stock has a chance to move higher. Keep this one on your watch list, it could be setting up to break out of this flag.

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Mattel, Inc. (NASDAQ:MAT) Another stock that looks like it will break out soon, watch this trend line and act accordingly.

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AtriCure Inc. (NASDAQ:ATRC) Nice price movement on decent volume today and may still have a chance to move higher from here. Next buy area when it clears 17.93 on heavy volume.

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

Labels: ATRC, CNX, MAT, SRPT, TSLA, X

22:34 | Permalink |

Stocks to Watch for February 4, 2016

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VirnetX Holding Corporation (NYSEMKT:VHC) After a 30% climb during trading hours on Wednesday, VirnetX Holding Corp (VHC) shares rose more than 89% in after-hours trading after a Federal jury has ordered Apple to pay $625.6 million in damages and royalties to VirnetX Holding Corp. for violating patents. I used this opportunity to take profits. Congratulations once again to everyone who was able to take part in this profitable trade. My patience paid off in a big way. I own now just VRNG in this field and will probably add more shares this morning. Above you can see the weekly chart of VHC with the major resistances coming around $11.43 (EMA200).

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Puma Biotechnology Inc (NYSE:PBYI) The rally in the price has broken the downtrend line on Tuesday and was confirmed yesterday, 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, we saw unusual call buying in the Feb $45 strike. PUMA has a lot of upside potential, so watch it closely on Thursday.

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Intrexon Corp (NYSE:XON) Nothing has changed. Technicals are showing bullish signals supported by rising MACD, Slow Sto and RSI on the daily charts. If the stock is able to cross the 32.75 level and sustain above it, then it might go to +$36. Keep it on your watch list going forward. Yesterday on CNBC, Bill Miller said that Intrexon is his firm's second largest position.

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BlackBerry Ltd (NASDAQ:BBRY) broke out of the bottom base formation accompanied by solid volume. This could be the start of a nice bounce and the oversold conditions will also help. atch for a continuation move today. If it breaks above 7.29 (EMA20), it could reach an initial target of 7.59 and then a secondary target at 7.75

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CONSOL Energy Inc. (NYSE:CNX) finished near its highs and has closed again above the 50-day exponential moving average. So, today keep an eye on the stock for a possible breakout over $8.65 on a close basis.

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Chesapeake Energy Corporation (NYSE:CHK) Rallied hard Wednesday on decent volume. If it clears back over 3.55 (EMA20), may have some good upside.

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I have been following AK Steel Holding Corporation (NYSE:AKS) for a few days now and surprisingly the stock showed some strength on Wednesday. The volume is starting to come back again and with it some positive price movement. Plus, momentum indicators are also flashing bullish signals, with MACD climbing and RSI rising. Look for a quick run to 2.41 then on to 2.48.

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: AKS, BBRY, CHK, CNX, PBYI, VHC, XON

07:58 | Permalink |

9 chart setups for the coming week

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Xerox Corp (NYSE:XRX) was up on Friday, after the company released good earnings. The stock was up $.52 on 3x normal daily volume, as it hit a high of $9.89. I will be watching XRX on Monday for a follow through move, using Friday’s high as resistance. The bias is bullish in nearest term. There is a lot of upside room in this stock, so watch it closely.

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Some signs of a reversal on price action mentioned on an earlier post did work out as I expected. The stock had a bullish move on Friday breaking several resistance lines and could eventually rally up to test the declining EMA50 in the next sessions. Checking on the indicators, the MACD is rising above the signal line and the RSI is constructing higher lows and higher highs, both suggesting further upside. Plus, The stock's accumulation/distribution line (A/D) remains in a strong up trend. KBH is displaying upside momentum and is poised to move higher from these levels.

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Cree, Inc. (NASDAQ:CREE) has a very interesting daily technical chart as the stock looks to be ready for a good upside move. CREE traded a good volume on Friday as it closed up $.98 on the day above the $28 level. All inidicators are still in Bullishs areas. Keep an eye for a possible breakout over $28.10 (EMA200).

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Chimerix Inc (NASDAQ:CMRX) On Thursday, BlackRock reported it increased its stake to 6.5%. Institutions and insiders continue to buy/add shares at current levels, which means that sooner or later we should see a reversal up. I continue to hold my position in the stock as I believe there will be more share price appreciation in the coming days. Following the smart money usually pays off. Note: Last week the billionaire Steven Cohen also revealed a 6.4% stake.

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Inovio Pharmaceuticals Inc (NASDAQ:INO) Looks like a V-bounce is underway. The stock surged more than 15 percent Friday accompanied by a strong volume expansion, closing above its EMA100 for the first time since December. The technical chart shows buyers are back. A move towards $7 can be expected as long as $6.12 holds.

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Apollo Education Group Inc (NASDAQ:APOL) is coming up to a big level, as the stock is near the $8 level. I will be watching this stock closely next week as I expect to see a strong move once the stock breaks through resistance. A move past $8.09 would be a strong indicator of a further uptrend in the stock. The technical daily chart show a continuation of the uptrend with MACD and RSI in the Bullish areas. My model remains long, targeting $9 area. Rumors of takeover are emerging again.

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Citigroup Inc (NYSE:C) broke out of a bottom/accumulation pattern. Now we just need to see on Monday a confirmation of the reversal. Indicators are turning up.

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CONSOL Energy Inc. (NYSE:CNX) looks like it is starting to turn. On Friday, the stock price decisively broke through its downtrend-line by gaining nearly 17 per cent accompanied by heavy volume. From technical indicators, I continue to see a confluence of "BUYS", with RSI crossing above 50 and MACD heading up. The stock hit a high of $8.58, which is resistance for Monday’s follow through move.

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BlackBerry Ltd (NASDAQ:BBRY) is in the process of bottoming and I expect a pop above $7.16 at some point in the coming days. All technical indicators are giving some signs of downward exhaustion. The MACD has stabilized and the RSI is trying to turn higher. On Friday the company has received approval from the Toronto Stock Exchange to more than double its existing share buyback program and repurchase up to 5.8 percent of its public float, not good news for short sellers. A strong short-covering rally should emerge sooner or later. Keep it on your watch list going forward.

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: APOL, BBRY, C, CMRX, CNX, CREE, INO, KBH, XRX

11:20 | Permalink |

AC Investor Blog

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

Tuesday, September 27, 2016

My Watchlist for Wednesday, September 28

Tuesday, July 26, 2016

Stocks to Watch for July 27, 2016

Wednesday, April 27, 2016

Stocks to Watch for April 28, 2016

Thursday, March 10, 2016

Stocks to Watch for March 11, 2016

Thursday, February 04, 2016

Stocks to Watch for February 4, 2016

Saturday, January 30, 2016

9 chart setups for the coming week

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