AC Investor Blog

My Watchlist for Thursday, December 22

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Twilio Inc (NYSE:TWLO) Strong breakout of resistance on volume confirmation. Excellent relative strength to broad market. Watch for continuation. Next resistance lies around the $36 level (EMA50).

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Sorrento Therapeutics Inc (NASDAQ:SRNE) could be in the early stages of a technical breakout. A break through today's high on volume could lead this stock to 6-6.25 short-term. I started a position at $5.35 a share.

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Catabasis Pharmaceuticals Inc (NASDAQ:CATB) Today's pullback in the price on low volume has only served to backtest the downtrend line, the bias remains bullish. Technically speaking, I feel that there is a possibility for a strong breakout to the uspide targeting the $5 area. As long as the stock can remain above 3.30. I like the stock.

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Real Goods Solar, Inc.(NASDAQ:RGSE) posted a very strong bullish reversal candle on high volume today and could signal a short-term reversal of the price decline. Next resistance lies at 38c.

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Dataram Corp (NASDAQ:DRAM) has been on a nice uptrend and could be ready to breakout after strong volume in the last trading session. Breakout watch over 1.73

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Clovis Oncology Inc (NASDAQ:CLVS) Another one with a nice look. Poised to breakout to new highs.

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Diana Shipping Inc. (NYSE:DSX) surged in the final hour of trading and closed back over 3.30. The real fireworks should begin if it can close above $3.45. The daily MACD is starting to curl upward again which should eventually lead to price increases. On watch.

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DryShips Inc.(NASDAQ:DRYS) The morning rally was stalled by the resistance and market weakness. It needs to close above the EMA13 to give a new Buy signal. From a technical standpoint, indicators are looking bullish but giving mixed signals, which is usually during sideways consolidations.

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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: CATB, CLVS, DRAM, DRYS, DSX, RGSE, SRNE, TWLO

22:26 | Permalink |

Stocks to Watch for December 22, 2014

Hello traders!

Get ready for what could be a profitable week ahead. I've been scanning some good stocks setups and have located some fast gainers in my opinion.

Below are some charts to review.

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VirnetXHolding Corporation (NYSEMKT:VHC) Could see a huge potential breakout before the end of the Year ! The stock soared 19% on heavy volume on Friday, after the company said it will receive $23 million from Microsoft Corp. Under the terms of the agreement, Microsoft will pay $23 million to VirnetX to settle the dispute and to expand Microsoft's existing license on VirnetX patents. The new licence is great news. From a technical standpoint, the stock shows a promising chart that could be ready for another up-spike next week. The chart shows that $6 looks to be the next resistance level. If the stock breaks through that we could see some major gains by the end of the year. The stock is also trading a discount to its 200 EMA. This sets up the play for action as its undervalued status is another huge catalyst. The stock was on my radar screen on Thursday and I published here the alert. VHC should be on your radars now.

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Diana Shipping Inc. (NYSE:DSX) is currently trading below the $7 mark, a huge discount from the 12-month high of 13.93. The stock failed to continue its bearish momentum last week, closing the session on Friday with a strong bullish engulfing candlestick on HIGH volume. This fact could create a strong move higher at least in nearest term testing 7.80 area. The bias is bullish in nearest term. DSX's chart suggest that increased buy side activity could push share prices to much higher levels. I believe that the bullish accumulation witnessed during Friday's session is a prelude to what traders could see tomorrow.

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Zynga Inc (NASDAQ:ZNGA) closed Friday's trading session with a 10% gain and near the High of Day (HOD), which is a sign of a bullish continuation pattern. The stock broke out of a descending channel and looks to resume the trend higher. Specifically, there are some indicators suggesting it could rise to $3 in the coming week. Technically speaking, the strong Bullish Candlestick formation on Friday confirms that buying pressure came into the stock, since share prices advanced from open to close. In addition, MACD gave a new bullish cross. Stay tuned.

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Yelp Inc (NYSE:YELP) traded nicely on Friday and closed up 4%. The stock opened at $52.49 then moved to a high of $54.80 and closed at $54.59 for close in the green. The stock for now has a potential double bottom pattern and broke out of falling wedge last week. MACD is now rising and momentum indicators are showing signs or early turns. Looking at technical chart above there appears to be little resistance from keeping YELP from moving towards much higher levels next week. YELP is poised to surge upwards IMO. Stop 49

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AOL, Inc. (NYSE:AOL) broke out to new highs Friday on high volume. The short/medium term uptrend is intact and signals further bullishness on this stock. Go long on the break of Friday’s high at 48.21

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Facebook Inc (NASDAQ:FB) Looking at the technical chart above the stock is inching closer and closer to another breakout move. Buying momentum is still positive and strengthening. Breakout watch above 81.16

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ZIOPHARM Oncology Inc. (NASDAQ:ZIOP) broke above resistance in Friday's trading session after a small period of consolidation. I still like this stock and will be watching it again on Monday, expecting to see a continuation move.

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

Labels: AOL, DSX, FB, VHC, YELP, ZIOP, ZNGA

10:28 | Permalink |

Top stocks on my watch list for Friday January 4th

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AXT Inc (NASDAQ:AXTI) is a fast moving and volatile play. Today the stock closed at the high of the day and above its 50-day SMA for the first time since October. The technical chart shows a stock that's starting to breakout and I would look to the $3.60 area as the next point of resistance. Good pattern and accumulation. The bias is likely to remain positive as long as the stock sustains above 2.7. If we see follow-through tomorrow the stock might run hard. If you have not added AXTI to your watch list... now is the time. From a fundamental standpoint the company is interesting because has no debt, PE of 15.53, PEG of only 0.68, $1.42 cash per share and it is trading below book value of $4.44 per share. Keep AXTI on your radar screens.

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What a fantastic trading session for Vringo, Inc. (NYSEAMEX:VRNG). The stock pushed higher throughout the day and closed out the session right at its highs of $3.50 on stronger than normal volume. With the MACD turning up and above its signal line, this stock could post a nice rally from current levels.

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Advanced Micro Devices, Inc. (NYSE:AMD) - At this point my aggressive buy the breakout trigger is at $2.6 with a stop loss at $2.25 and an initial target at $3.

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After two weeks of resting Trina Solar Limited (NYSE:TSL) is in breakout mode again.

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Diana Shipping Inc.(NYSE:DSX) had a very bullish move today breaking several resistance lines with heavy volume. With technical chart showing strength as MACD is above signal and RSI above 60, we could see the stock keep going up. Additionally, the accumulation/distribution line shows the stock has been under accumulation for six months now. Next resistance is at $8.11

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

Labels: AMD, AXTI, DSX, TSL, VRNG

23:13 | Permalink |

Four Dry bulk stocks to watch

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The sell-off in Eagle Bulk Shipping Inc. (NASDAQ:EGLE) has stalled. The short-term trend is down, but this is a good spot to speculate on an oversold bounce. The stock has recovered from its its 52-week low of $2.51 hit on Monday and closed today at $2.67. The current rally should at least push the stock to $2.80 per share where the major resistance is. EGLE needs to close above this level to indicate a continuation of the rally. If this rally fails, there’s a new downside risk. Shareholders may remain invested with a stop-loss at $2.51.

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DryShips Inc. (NASDAQ:DRYS) spiked to $3.80 this morning but the rally ran out of steam and shares closed below it. The technical indicators continue to look weak. The MACD is in negative zone and below the signal line.The RSI and slow stochastic are in their oversold zones. The ROC is in the negative zone as well. The stock price needs to rally above $3.92 before fresh investments can be made in this stock.

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Navios Maritime Partners L.P. (NYSE:NMM) is still sinking. I'm still okay with NMM as a bearish candidate. The stock under performed the market on Wednesday and remains under the Tuesday highs. If the stock closes above $19.4 then we'll probably drop it as a bearish candidate. If that happens we can watch it for a bullish breakout over resistance at $19.83. The technical indicators are all bearish. The MACD is in negative territory and below the signal line. The ROC is in the negative zone and RSI is moving sideways below the 50% level. At this point, the only hope for the bulls is possible support from the 200 day EMA.

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Diana Shipping Inc. (NYSE:DSX) rallied toward resistance near $11.53 again but not before dipping to $11.20 this morning. This stock is holding up nicely above the key support of $11.15 in this weak market environment. It has a good base which can be used as a stop loss for long position. On the upper side, the move is likely to accelerate above $11.59. Short-term investors can hold the stock as long as it trades above $11.

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Other stocks to watch :

Earnings Announcements for Thursday

America's Car-Mart Inc - CRMT
Angeion Corp - ANGN
Big Lots Inc - BIG
Blue Coat Systems Inc - BCSI
First Security Group Inc - FSGI
Food Technology Service Inc - VIFL
Fred's Inc - FRED
Gyrodyne Co of America Inc - GYRO
H J Heinz Co - HNZ
HHGREGG Inc - HGG
Iteris Inc - ITI
Magma Design Automation Inc - LAVA
Marvell Technology Group Ltd - MRVL
Mobil'nye TeleSistemy OAO - MBT
New Century Bancorp Inc - NCBC
Oceanfreight Inc - OCNF
Omnivision Technologies Inc - OVTI
Park Bancorp Inc - PFED
Patterson Companies Inc - PDCO
QAD Inc - QADB
Rbc Bearings Inc - ROLL
Rosetta Genomics Ltd - ROSG
rue21 Inc - RUE
Seneca Foods Corp - SENEA
Signet Jewelers Ltd - SIG
Tiffany and Co - TIF
Vimpelcom Ltd - VIP
WSP Holdings Ltd - WH

New 52-week high stocks

S - Sprint Corp FON Group
EP - EL PASO CORP
NFLX - Netflix, Inc.
ELN - ELAN CORP P L C
AMRN - Amarin Corporation
GMCR - Green Mountain Coffee
SODA - SodaStream International
RPTP - Axonyx, Inc.
BPI - Bridgepoint Education
DUSA - DUSA Pharmaceuticals
MAKO - MAKO SURGICAL CORP
HANS - Hansen Natural Corporation
GLBC - GLOBAL CROSSING LTD
VOLC - VOLCANO CORPORATION
AMMD - American Medical System
AZO - AUTOZONE INC NEVADA
LCAPA - LIBERTY MED CP
DMND - DIAMOND FOODS
ABMD - ABIOMED, Inc.
MHLD - Maiden Hldgs Ltd
LXU - Lsb Industries Inc
KNDL - Kendle International

New 52-week Low stocks

AIG - AMERICAN INTERNATIONAL
CSCO - Cisco Systems, Inc.
FRO - FRONTLINE LTD
YGE - Yingli Green Energy
LOGI - Logitech International
CSIQ - Canadian Solar Inc
KNX - Knight Transportation
TNK - Teekay Tankers Ltd
SVNT - SAVIENT PHARMS
FSIN - Fushi Copperweld
SKX - SKECHERS USA INC
THG - ALLMERICA FINANCIAL
PETS - Petmedexpress.com Inc
HHS - HARTE HANKS INC
UAM - Universal Amrcn

Unusual volume in today's trading session

VLCO - ValCom Inc
LWSN - Lawson Software, Inc.
WAMUQ - Washington Mutual Inc
TWO - TWO HARBORS INVT CP
TNE - Tele Norte Leste
YNDX - Yandex NV
PSS - Collective brands
CPWR - Compuware Corporation
GLUU - Glu Mobile Inc
RPC - AMDL Inc
RL - POLO RALPH LAUREN CORP
TOL - TOLL BROTHERS INC
FRO - FRONTLINE LTD
UL - Unilever PLC
TTWO - Take-Two Interactive
LPS - Lender Processing S
MRNA - Nastech Pharmaceutical
ZLC - Zale Corp
GMO - General Moly Inc
TSLA - Tesla Motors Inc
KEM - Kemet Corp
QLGC - QLogic Corporation

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: DRYS, DSX, EGLE, NMM

23:36 | Permalink |

Stock Picks and Trade Ideas for Thursday - RMBS, CEPH, DSX

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

DSX - The stock should pause around its resistance at 15.70 after recent rally in share price. The recent action in Diana Shipping shares is very promising. Last month stock aggressively moved off its lows of 10.55 to rally till near 14.20 with a volume above average. The big movement in the past few days tells me to be patient. Buy point is when it crosses the resistance line at 15.70 on heavy volume.

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

CEPH - Cephalon shares have been on a remarkable run since last month and it doesn’t looks like the trend will change soon. Today stock broke out an important resistance at 80.38 with heavy volume but failed to close above that. After today session, the stock has now the chance to start a new rally as MACD fast line is now back on top over slow line, indicating buy signal. Keep CEPH in your watchlist.

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

Rambus' shares tumble more than 16% on today session after a california judge on Monday halted the coordinated patent infringement cases pitting memory chip maker Rambus Inc. against Hynix Semiconductor, Micron Technology Inc., Nanya Technology Corp., and Samsung Electronics Co. The Judge Ronald M. Whyte of the U.S. District Court for the Northern District of California issued an order postponing the case indefinitely, pending appeals of earlier court decisions, according to Boise, Idaho-based Micron. Looking at the daily chart, the stock broke through major support levels over the past weeks. What was showing tremendous weakness for the stock was the rally attempt that I circled on the chart failed to move above 10. Today the stock broke through another key support at 7.95 on high volume. A decline to the 5-6 range appears likely. A close below 7.01 would impart further weakness and would push the stock to that range.

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

Labels: CEPH, DSX, RMBS

02:50 | Permalink |

AC Investor Blog

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

Wednesday, December 21, 2016

My Watchlist for Thursday, December 22

Sunday, December 21, 2014

Stocks to Watch for December 22, 2014

Thursday, January 03, 2013

Top stocks on my watch list for Friday January 4th

Wednesday, May 25, 2011

Four Dry bulk stocks to watch

Thursday, February 05, 2009

Stock Picks and Trade Ideas for Thursday - RMBS, CEPH, DSX

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