AC Investor Blog

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

Labels: ADMP, CLVS, CPST, ESPR, TOL, VHC

22:18 | Permalink |

My Watchlist for Friday, August 19

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Domino's Pizza, Inc. (NYSE:DPZ) broke out of a bullish flag/consolidation it has been in for the past month. If a breakout above the 149.13 level occurs, we could see a continuation of current momentum.

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Intrexon Corp (NYSE:XON) The daily technical chart shows a potential cup and handle bottom pattern accompanied with bullish volume characteristics. Could accelerate toward 32-31.5 zone if it breaks the 30.38 resistance level.

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FireEye Inc (NASDAQ:FEYE) broke out into the gap area on solid volume today and there is a high probability for a trend continuation in the next sessions. Daily technical indicators are showing signs of turning around, with the MACD histogram showing the selling momentum started to diminish and the RSI starting to turn up from deep oversold levels. Started a position.

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I have been following Esperion Therapeutics Inc (NASDAQ:ESPR) for a few days now and surprisingly the stock showed some strength today. A break of $11.07 (20EMA) with force might give room to $11.70

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Digital Ally, Inc. (NASDAQ:DGLY) made a nice breakout today on volume. $7.23 is the next key level to watch on the upside. Supporting this bullish bias are the technical indicators MACD, RSI and Slow Sto all showing buy signal.

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Oasis Petroleum Inc. (NYSE:OAS) Nice breakout. If the stock can break today’s high of $10.40, we should see a strong follow through move.

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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: DGLY, DPZ, ESPR, FEYE, OAS, XON

22:31 | Permalink |

Stocks to Watch for Aug 09, 2016

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I think Seres Therapeutics Inc (NASDAQ:MCRB) has formed a nice bottom and could see a move higher. Daily technical indicators are showing signs of turning around, with the MACD histogram showing the selling momentum started to diminish and the RSI starting to turn up from deep oversold levels. Started a position today.

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Ambarella Inc (NASDAQ:AMBA) has been in a bullish consolidation over the last 3 weeks and appears ready for another breakout. Keep on watch.

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Esperion Therapeutics Inc (NASDAQ:ESPR) Possible bottom play here. The stock seems to be forming an ascending triangle bottom with resistance at 11.70. A breakout could happen at any time as we are currently near the apex.

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Valeant Pharmaceuticals Intl Inc (NYSE:VRX) Watch this small bull flag. Keep an eye for a possible breakout over 22.78.

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Shares of SCYNEXIS Inc (NASDAQ:SCYX) are starting to heat up again and are worth watching. If volume can pick up I believe this stock can break through resistance at $2.15 and re-test its recent highs around $2.35 Note the positive divergences on the MACD, RSI and the CMF.

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Heat Biologics Inc (NASDAQ:HTBX) Some signs of a reversal on price action mentioned on the weekend post did work out as I expected. The stock had a bullish move today breaking several resistance lines and could eventually rally up to test the March highs in the next sessions. On watch.

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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: AMBA, ESPR, HTBX, MCRB, SCYX, VRX

22:00 | Permalink |

Charts for the coming week

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Potential breakout play next week !! Esperion Therapeutics Inc (NASDAQ:ESPR) had a big surge in volume and price in late March and the beginning of April. The stock has consolidated over the last couple of sessions in a bullish flag formation on low volume and appears ready for another breakout. The projection is a move toward the 22-24 range. The price/volume action is showing accumulation: up days on strong volume and profit taking on very light volume. Plus, the recent insider buying of 5000 shares is also another positive indication that insiders are now bullish about the company. Generally when they buy shares, it is a sign that positive things are coming. The short interest is more than 30 percent of the company's float, which any breakout could be a violent move to the upside. As I mentioned on twitter i bought shares on Friday and will add more shares on a move above $19.

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ZIOPHARM Oncology Inc. (NASDAQ:ZIOP) has been forming a cup and handle since March and is flirting with key resistance level just over the $7.75 mark. If that break occurs, the stock price should be ripe for a long trade. All technicals are bullish and the short-term outlook continues to look bullish.

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Rambus Inc. (NASDAQ:RMBS) building a flag chart pattern, looking for a move through 14. At this stage, it is definitely a wait and see, if the resistance will be easily taken out by the bulls. Fresh exposures may be considered on a move past $14, with a stop-loss at $13.30

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Micron Technology, Inc. (NASDAQ:MU) is showing signs of a potential reversal trend. If the stock price can close above the declining 50-day EMA next week, there should be some nice momentum in the stock.

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Oclaro, Inc. (NASDAQ:OCLR) strong bullish bar on Friday with a close near the highs of the day. Expecting continuation toward 5.50

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Shares of Golden Star Resources Ltd. (NYSEMKT:GSS) are very bullish with a lot of hot technical indicators showing up. The slope of the upward move is very steep accompanied by heavy volume. However, as clearly seen on daily technical chart above, the stock needs to take a breather. It cannot sustain a very steep slope forever and looking at the Relative Strength Index (RSI), it has reached the overbought territory in a very sharp upmove. It seems that the breather will happen anytime soon. Watch the stock closely next week and use your stops.

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Celator Pharmaceuticals Inc (NASDAQ:CPXX) remains one of the hottest stocks on the market. The stock broke out to all-time highs during Friday's session on decent volume. At this stage, it is too extended for additional positions, and still in overbought territory. I really like the chart but at this level I would wait for a pull back before putting any cash to work. Keep the stock on your radar.

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: CPXX, ESPR, GSS, MU, OCLR, RMBS, ZIOP

09:40 | Permalink |

Biotech Stocks to Watch Next Week

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Lion Biotechnologies Inc (NASDAQ:LBIO) finally broke out of a triangle pattern to the upside last week. The close near its high on Friday should bode well for the stock in the coming week too. From a technical standpoint, the stock is now trading above all the major short-term EMAs and the MACD finally triggered the buy signal indicating that a new upward cycle has begun. The stock is now going to test the resistance level at $7.92 which is the 200-day EMA.

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Esperion Therapeutics Inc (NASDAQ:ESPR) stock is coiling up in a tight pattern for a move higher. I have highlighted a potential ascending triangle formation which if confirmed would project a target around $35. Also take note that on the daily time-frame the MACD has been moving up and the daily slow stochastics and RSI are both rising, indicating bullishness. Another good point of interest is the high amount of shorts in the stock. Could see a short squeeze possibly to >$33 once the gap is reentered. Watching over 29.5 for a trade. ESPR will move very quickly, so keep a very close eye on the stock.

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We finally got the breakout in Repros Therapeutics Inc (NASDAQ:RPRX). Shares rallied past resistance of $1.98 and hit my trigger to open positions. I'll be watching the stock on Monday, looking for a follow through move.

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Valeant Pharmaceuticals Intl Inc (NYSE:VRX) is flagging right here. If we get a breakout from that flag, this stock could see higher prices quickly. I'm using the declining 20-day EMA as resistance. Once the stocks breaks through, we should see a heavy increase in buying. The daily technical chart above shows the momentum indicators have turned up.

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ZIOPHARM Oncology Inc. (NASDAQ:ZIOP) The stock has been one of the strongest stocks the past month as it has traded from $8.66 in Ocotber, up to $14.93 in mid-Nov. The stock has pulled back to the $12.5-13 range and seems to be setting up for another upside move. It was flat for most of the week until it broke out of a triangle formation on Friday. Immediate resistance is at 13.64 (yesterday’s high). A break above that area could trigger further upside recovery testing $14 area. Watch ZIOP on Monday.

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The short-term outlook for Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) is bullish. Fresh long should be made only when the stock closes above $2.23 ( 50-day exponential moving average ) with an up candle. We need a consistent move above this key resistance line to continue the bullish scenario testing $2.68 (EMA100).

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Clovis Oncology Inc (NASDAQ:CLVS) closed at $32.22 with a gain of 10.49% over Wednesdays close. Congratulations to everyone who profited. I alerted this stock to my twitter followers & readers several times last week before crowd when it was trading around the 27 level. Traders who saw the gold in my alert and took advantage of CLVS 20% climb, then congratulations. This is just another good example of how stocks can rally after they have fallen sharply ;) I sold around $32 as i mentioned on twitter.

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KaloBios Pharmaceuticals Inc (NASDAQ:KBIO) At current levels this stock is pure gambling and I prefer not to gamble. There is too much volatility and the risk is too high in my opinion. Just be careful guys.

Enjoy !!!

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, CLVS, ESPR, KBIO, LBIO, RPRX, VRX, ZIOP

09:18 | Permalink |

Stocks to Watch for October 27, 2015

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Relypsa Inc (NASDAQ:RLYP) has bounced strongly from Thursday's lows and I expect more gains over the coming days. The accumulation/distribution indicator shows huge accumulation. The short-term trend remains to the upside with targets at 16.45 and 17.10.

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Esperion Therapeutics Inc (NASDAQ:ESPR) showed buying strength all day. The stock is on the verge of breaking out and it could happen very soon. If it breaks 24.05 tomorrow the stock will absolutely fly into the 26's right away. On the technical side, MACD and RSI all point to upward trend. Added this stock today.

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You need to watch Aerie Pharmaceuticals Inc (NASDAQ:AERI) stock closely because it could break resistance soon. Buy point would be on the day it blows through $22.25 on heavy volume.

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Plug Power Inc (NASDAQ:PLUG) Nice bounce off the 100-day EMA with a Bullish engulfing bar. At this point, the bias is on the upside as long as the rising 20-day EMA support holds. Next resistance is now seen at $2.57

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Tessera Technologies, Inc. (NASDAQ:TSRA) is building a nice formation under resistance at 34.65 (100EMA). Watch for a break through that price to indicate that another push higher will occur. Long setup on watch.

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: AERI, ESPR, PLUG, RLYP, TSRA

22:05 | Permalink |

Stocks to Watch for October 12, 2015

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Celldex Therapeutics, Inc. (NASDAQ:CLDX) had been consolidating its recent run-up over the last 6 sessions, with the 12 level being lateral resistance. The stock broke above that level on Friday and looks poised to continue the uptrend. The MACD has crossed over and is diverging to the upside. The RSI is also pointing up supporting the move. With indicators pointing up, I expect it to test the 50-day EMA at some point over the next few sessions.

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Esperion Therapeutics Inc (NASDAQ:ESPR) has been basing after a steep decline from a high of over 50 to a low under 19. The stock, which rose 3.40% Friday to 24.96 is at a resistance level and may see an upside reversal off the base. From a technical standpoint, the MACD is also about to trigger buy signal which will be bullish and the RSI has bounced off of 30, a sign of an emerging uptrend. My target on a break above this level is the 30 area. Stop is 22.96.

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BlackBerry Ltd (NASDAQ:BBRY) has outperformed the market in the past week with a rise of over 16.9%. The share prices have since hit the 52-week low of 5.96 in late September recovered strongly driven by the smart money. Based on the weekly chart above, the MACD is once again curling up and should soon flash the buy signal. If stock history repeats and this pattern plays out in the bulls favor, we might see a rally towards 10 over the course of next several weeks. Please note: BlackBerry and Google will host a Webinar, Thursday October 15 at 11am ET to discuss the Android management in the enterprise with BES12 and Android for Work. It's the perfect catalyst for next week.

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Apple Inc. (NASDAQ:AAPL) closed up $2.62, or more than 2%, on Friday to 112.12. The move broke the stock out of a trading range and above its 20-day exp moving average of $111.84 on decent volume. A move above 112.28 (Friday's high) would confirm the breakout and point next to a target zone of 114.11 to 116.89. Daily technical indicators on chart are turning bullish. The MACD has moved up to touch its signal line in negative territory and RSI is about to cross up the 50% level. These signs indicate that the stock price may go up in coming days/weeks.

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Plug Power Inc (NASDAQ:PLUG) On Friday decisively broke out and closed above a key resistance zone with good volume, which is considered to be a bullish sign. Plus, all three major short-term EMAs are rising and the stock is trading above them, which means the bulls are back in control after a sharp correction. A continuation of the rally is likely, targeting 2.85.

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Ballard Power Systems Inc. (NASDAQ:BLDP) Go long when it clears 1.62 on volume. The daily technical chart still shows bullish sign as the stock is trading above 9,13,20,50 and 100 EMAs. The other technical indicators such as MACD and RSI also show buy signal as MACD is above 0 and RSI line is above the 50% level. Long setup.

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ITT Educational Services, Inc. (NYSE:ESI) 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 triangle formation. Short squeeze candidate for next week. I believe there are lot of profits left on the table for traders to capitalize on.

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Verastem Inc (NASDAQ:VSTM) All bad news are priced in IMO. Furthermore, the company has a lot of cash at its disposal 132.09M ($3.58 per share) and zero debt. With the stock trading at extreme oversold conditions and momentum oscillators exhibiting positive divergences we can see a strong bounce back towards the 9day exp moving average where the stock might find some kind of resistance.

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, BBRY, BLDP, CLDX, ESI, ESPR, PLUG, VSTM

11:38 | Permalink |

A few setups to watch on April 28, 2015

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Gold Fields Limited (NYSE:GFI) Watch this trend line for a upside break at 4.40 for short term direction. The MACD is also about to cross zero line, which will be bullish.

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IAMGOLD Corp (NYSE:IAG) Coiling up here. Over 2.25 for movement.

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Silver Wheaton Corp. (NYSE:SLW) Stock could see a nice pop over $20.51 a share for a gap-fill.

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Esperion Therapeutics Inc (NASDAQ:ESPR) The short-term trend has turned weak, as the stock closed below the 9 & 13 EMAs for the first time in the last weeks. Momentum indicators are slightly bearish, MACD has been dropping and the relative strength is now neutral. The stock is likely to slide to the $88-92 range.

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iShares NASDAQ Biotechnology Index (NASDAQ:IBB) index is showing signs of weakness. All technical indicators triggered a sell signal. I am expecting a pullback till the 330 levels.

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: ESPR, GFI, IAG, IBB, SLW

22:43 | Permalink |

AC Investor Blog

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

Tuesday, August 23, 2016

My Watchlist for Wednesday, August 24

Thursday, August 18, 2016

My Watchlist for Friday, August 19

Monday, August 08, 2016

Stocks to Watch for Aug 09, 2016

Sunday, April 17, 2016

Charts for the coming week

Saturday, November 28, 2015

Biotech Stocks to Watch Next Week

Monday, October 26, 2015

Stocks to Watch for October 27, 2015

Sunday, October 11, 2015

Stocks to Watch for October 12, 2015

Monday, April 27, 2015

A few setups to watch on April 28, 2015

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