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Wednesday, August 17, 2016 

My Watchlist for Thursday, August 18

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Valeant Pharmaceuticals Intl Inc (NYSE:VRX) gained 12.78% to $30 after analysts at Morgan Stanley upgraded their rating to overweight and raised its price target to $42 per share from $33. The stock cleared key resistance level, signify a breakout and bullish reversal that support further follow-through and an initial test of the declining 100-day exponential moving average around the $34 levels. Keep on watch list.

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Onconova Therapeutics Inc (NASDAQ:ONTX) has the perfect set up to make a nice run here. The break out point would be at 3.92. Trajectories of momentum indicators are turning up again and A/D chart shows serious accumulation. If it breaks above the 3.92 level, it could reach an initial target of 4.50 and then a secondary target at 4.75. Keep it on your screen on Thursday.

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SCYNEXIS Inc (NASDAQ:SCYX) traded higher on Wednesday gaining nearly 26% after Guggenheim initiated coverage on shares with a Buy rating and $15 price target. Stock finally broke out of the bottom base formation accompanied by heavy volume. Momentum indicators are flashing bullish signals, with MACD climbing and RSI rising. Look for a quick run to $3.02 then on to 3.50.

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Auris Medical Holding AG (NASDAQ:EARS) hit my scanner today with some impressive volume and closed up 39%. I expect some follow through on Thursday. The MACD has a positive crossover and the RSI remains in buy mode.

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VirnetX Holding Corporation (NYSEMKT:VHC) is displaying a screaming buy divergence on the upside. A strong short-covering rally should emerge sooner or later. Keep it on your watch list going forward.

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Aurinia Pharmaceuticals Inc (NASDAQ:AUPH) needs to take out the $2.75 resistance area in order to convince bullish buyers at these levels.

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EZCORP Inc (NASDAQ:EZPW) Resistance Breakout. Go long on the break of Wednesday’s high at 10.21

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Netflix, Inc. (NASDAQ:NFLX) Watch this trend line for a upside break at $97 for short-term direction.

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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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22:29 | |

Monday, December 15, 2014 

Stocks to Watch for December 16, 2014

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Oasis Petroleum Inc. (NYSE:OAS) is just starting to move off its bottom. I think we could see a strong reversal over the coming days. Look at the six big volume sessions, that's serious accumulation IMO In addition, some of the momentum indicators are also showing positive divergences. Today an insider bought 50,000 shares. I'm long.

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Yahoo! Inc. (NASDAQ:YHOO) is consolidating its big run-up from late October from the 36 to 52 area. It's currently in a bullish flag formation. I'll keep this on watch for a potential breakout above 51.

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Whole Foods Market, Inc. (NASDAQ:WFM) Still flagging. Watching over 49.49 for reaction.

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Changyou (NASDAQ:CYOU) Looks poised to clear this next resistance area. Long when clears 24.55 on heavy volume. Macd has a new bull cross.

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EZCORP Inc (NASDAQ:EZPW) is consolidating below this key resistance area. One can buy/add when the clears 13.33 on volume.

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

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22:32 | |

Tuesday, September 30, 2008 

Stock Picks and Trade Ideas for Wednesday - NOVL, EZPW, BOOM

Hello Folks !!! Early in the morning I read something that make fell really concerned. One of the best European managers of global operations, Alexander Kapfer, believes that the veto of the plan to rescue the U.S. economy in the amount of 700 billion dollars "is a disaster." For the manager, the engine of world markets is getting "out of fuel." Alexander Kapfer is recognized as “star manager” of the German boutique Atkien and responsible for one of the best European equity funds worldwide, the FIVV AKTIEN IU Global Select Fund. Alexander Kapfer summarized in a nutshell the decision of the House of Representatives: "It's a disaster," says the magazine Citiwyre. This guy believes that politicians have not realized the gravity of the situation of the financial system. And use of the image: "We are like an engine that now, is running out of fuel and will break down at any time. The only thing the Fed can do now is establish that a further deposit will be added. The manager also fears that Europe will be more affected than the United States itself, since the European politicians have lost the opportunity to carry out the necessary reforms during the good and now with the economy on the brink of a recession, says is unlikely to be willing to invest. Please see below some trade Ideas for tomorrow.

Chart courtesy of stockcharts ( click to enlarge )

BOOM moves in a downward channel targeting the support at $22.12. The middle line of the channel acts as a strong resistance around $24.73. The stock is still in bear market as MACD and signal line are both below 0.

Chart courtesy of stockcharts ( click to enlarge )

EZPW - The stock is now set up nicely in a base for a potential breakout, so keep an eye for a possible breakout over $19.

Chart courtesy of stockcharts ( click to enlarge )

NOVL - The stock reversed strongly to move to my short-term resistance at $5.20. Although this trend is encouraging, the near-term outlook stays cautious till the stock closes conclusively above $5.20 on heavy volume.

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. See you tomorrow !!!

AC

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20:56 | |

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  • I'm a 44 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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