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Tuesday, August 23, 2016 

My Watchlist for Wednesday, August 24

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VirnetX Holding Corporation (NYSEMKT:VHC) remains oversold and is gaining momentum again. The price broke above the small bull flag formation by gaining 4 per cent on decent volume. I believe it is ready to post a nice bounce and I do not see any strong resistance on the technical chart until $3.48 (50EMA). We have all seen how quickly this stock can head higher, when the buyers come. A stop loss should be placed below 2.53

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Esperion Therapeutics Inc (NASDAQ:ESPR) is inching closer and closer to a breakout. Buying momentum is still positive and strengthening. I will continue to watch this stock. Nice gap to fill if it can break through resistance. The real fireworks should begin if the stock price can close above $11.60. As long as the stock can remain above 10.5, I like the stock.

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Adamis Pharmaceuticals Corp (NASDAQ:ADMP) had a remarkable move up today with very high volume. The short-term outlook is positive and a move to 3.30/3.5 appears likely. Among oscillators, the RSI and MACD are currently showing positive momentum.

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Clovis Oncology Inc (NASDAQ:CLVS) broke out in a big way on massive volume today after the company announced that the FDA has accepted Clovis’ NDA for accelerated approval of rucaparib and granted priority review status to the application with a PDUFA date of February 23, 2017. The heavy buying makes this an interesting situation and one worth watching on Wednesday. I believe we will see some nice follow through. I would look for a move up to $26.92 resistance. If it passes that, there is very strong resistance at $30 coming up next.

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Capstone Turbine Corporation (NASDAQ:CPST) had a very bullish move today breaking several resistance lines with large volume. With the MACD turning up and above its signal line, this stock could post a nice rally from current levels. Stay tuned.

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Toll Brothers Inc (NYSE:TOL) Big breakout on high volume. Buyable on a pullback to the pivot.

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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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22:18 | |

Friday, July 03, 2009 

Trade Ideas for next week - Ciena, Sirius XM Radio and Capstone Turbine Corporation

Chart courtesy of www.stockcharts.com ( click to enlarge )

SIRI has made a sharp recovery from a low of 0.34 on the basis of short-covering. In the short-term, i expect the current reversal in trend to continue. The technical daily chart shows the stock is in a bull market as MACD is on top of signal line K line is on top of D line, both indicating buy. In addition, the stock is on top of 50 day and 200 day moving average showing the stock is in bull market. The chart also shows that there is a limited evidence of downside pressure on the stock, for example on Friday the stock dropped 2.7% on low volume (no selling).This is a clear evidence of the strength of bulls. They are controlling the stock.

Chart courtesy of www.stockcharts.com ( click to enlarge )

CIEN - Despite seeing a steady declining trend in the last trading sessions of the week, the stock managed to hold on the crucial levels of 9.54, amid some volatility. Since the begining of March the stock has show sign of recover as it has reversed the downward trend and began to go north. Moreover when the Golden Cross was formed in early May, we have been expecting the major rally. However the weak market in June drove the stock down a little bit and delayed the rally. At the moment, I'm still convinced the stock will move up again, due to the fact that it has been falling on low volume with MFI rising.

Chart courtesy of www.stockcharts.com ( click to enlarge )

CPST - The 50-day moving average at $0.78 is acting as a strong support currently. As long as it doesn't break down 0.78, the chances of going to 0.98 is always there. The stock has bounced off from the above mentioned levels on three occasions. The daily RSI is also showing a sign of reversal, currently trading above 49. If CPST can go up again to bring K line up then you may want to consider buying the stock as it has pletty of room to go since ROC is at oversold level. Short-term traders can buy the stock in the range of 0.78-0.79 for a target of 0.89. Maintain a stop loss of 0.78 and go long. Increase the position if it closes above 0.85.

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 Folks. See you on Monday !!! I just want people to have a nice Independence Day.

AC

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07:38 | |

Thursday, June 25, 2009 

3 Stock Picks for Friday - Sirius XM Radio, Capstone Turbine Corp and CAI International Inc

Chart courtesy of www.stockcharts.com ( click to enlarge )

SIRI - Shares of Sirius XM Radio, surged for the fifth day in a row on Thursday by adding 15% or 0.06 cents to $0.455 per share. A closer look at the daily chart it displays a downtrend line broken to the upside with huge volume. From here we can expect a run to the $0.555 area and from there we could see an explosive upsurge to $0.631 and better. The MACD indicator is now above its signal line and is indicating further strength. In addition, the ADX is increasing and is above 20 level which shows a strong trend is developing. The RSI indicator is moving up above 50 and the +DI is greater than the -DI by a great margin, indicating a Bullish trend. Further rally is still in favor next week and target is at 0.55-0.63 area.

Chart courtesy of www.stockcharts.com ( click to enlarge )

CPST - The technical daily chart above shows possible new rally as K line has crossed on top over D line while ROC is still at oversold level. In addtion the price is back above 50 day moving average. I'm still bullish on Capstone Turbine Corp.

Chart courtesy of www.stockcharts.com ( click to enlarge )

CPA recorded a new high in the last trading session. The technical daily chart show a continuation of the trend with MACD and RSI in the Bullish areas. Short-term outlook for the stock is bullish. Buy the stock in dips with a stop-loss at $38.67. I'll be watching her carefully for any possible opportunities.

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 Folks. See you tomorrow !!!

AC

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21:40 | |

Tuesday, June 23, 2009 

Stocks to watch Wednesday- Sohu.com , Rambus and Capstone Turbine Corporation

Chart courtesy of www.stockcharts.com ( click to enlarge )

SOHU produced an oversold bounce today but the rally struggled near the $62.50 level. The stock remains in downtrend. Deeper decline is still possible to 57 zone next week. Initial resistance is at 62.50, as long as the resistance holds, I'd expect downtrend to continue. However, above the resistance will indicate that the fall from 69.54 has completed, and the following rebound will bring price back towards 65 zone.

Chart courtesy of www.stockcharts.com ( click to enlarge )

RMBS lost 16% today on strong volume after the memory chip maker cut its sales guidance and raised estimates of litigation and compensation expenses for the quarter. The short term scenario is not encouraging for the investors. This is a good sign for the bears. Rambus shares have broken some key supports in the $18 to $16 range. In other words, the long-term trend has turned negative. My target will be the $13.11-13.25 range. Please note there is some support near $14 and I expect a bounce there but the prevailing pattern is bearish. Fresh exposures may be avoided.

Chart courtesy of www.stockcharts.com ( click to enlarge )

CPST - Tuesday’s trading session marked a test of the 0.78 support line. The stock filled the gap that was left from its run a few days ago. Plus, volume was a little higher than yesterday suggesting a reversal trend. Tuesday’s high of $0.87 is resistance for Wednesday’s continuation move. If CPST can break through this high we should see another upside move. There could be good upside in CPST so watch the stock closely on Wednesday. This is a risky play but I think this stock could go much higher very soon.

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 Folks. See you on Wednesday !!!

AC

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22:15 | |

Friday, June 19, 2009 

Stocks to watch Friday - Edwards Lifesciences and Capstone Turbine

Chart courtesy of www.stockcharts.com ( click to enlarge )

I’m looking at a possible double bottom reversal on CPST stock chart. I know that it is too early to say for certain but looking at the daily chart above is very likely. The stock broke out last week and pulled back to test breakout area. The decline in share price was made with low volume, so does this mean that Bulls are still controlling stock. Capstone Turbine's chart is a bit stronger, with a nice pattern that seems capable of breaking to the upside. Stock may provide a good enter here. Keep an eye for a strong bounce.

Chart courtesy of www.stockcharts.com ( click to enlarge )

EW is breaking out. The stock broke through the highs set in July of 2008, and should continue to move. I'm buyer of EW once it breaks through today’s high of $67.44 for the continuation move. Stock is now in a breakout mode and the chart suggests a strong confidence in stock. RSI has space to move up more. The stock will move very quickly, so watch it closely on Friday.

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 Folks. See you tomorrow !!!

AC

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09:50 | |

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  • I'm a 45 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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