AC Investor Blog

Here's my watchlist for the week ahead

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Fitbit Inc (NYSE:FIT) An intraday close above horizontal resistance $16 would bring expectations of a spike higher towards $18 followed by $18.85 (April highs). From a technical standpoint, indicators are looking bullish. MACD crossed back above signal line and is moving up in positive territory. AD is also rising and RSI has moved above its 60% level. The stock is a short squeeze candidate, with a short float at 38% equivalent to 7 days of average volume.

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FORM Holdings Corp. (NASDAQ:FH) I alerted this one on Twitter/blog last week as a potential mover and the stock did what it was supposed to do, closing yesterday above the 200-day EMA for the first time in months. Price showed a lot of strength in afternoon trading, moving steadily higher toward the closing bell and should continue this upside move next week. The stock hit a high of $2.71, which is resistance for Monday’s move. I expect to see another strong upside move to $3 and better in the coming sessions.

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Tokai Pharmaceuticals Inc (NASDAQ:TKAI)This is one you should keep your eyes on for the next couple of days. My system detected unusual call buying in the Oct/Nov 5 and 7.5 calls respectively last Thursday. On September 8th, the company announced that its Board of Directors has initiated a review of strategic alternatives for the company focused on maximizing stockholder value. So, i believe that someone might already know something and is betting on a strong move higher. The stock is very close to resistance, above the resistance line is bullish. The Accumulation line also spiked with price action which could act as a near-term catalyst as well. For the reasons mentioned above, i started a position.

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AK Steel Holding Corporation (NYSE:AKS) In the last week, I have been mentioning that support for stock should hold in the range of 3.9 to 4. Notably, the stock held up very well this area, relative to many of its peers. With the support holding well inside 3.90 ranges, my outlook stays exactly what it has been for past 4 days. Afterthe tumble the stock has taken since the July Highs, AKS is certainly starting to look cheap and a bounce could occur from here. On the upside the critical resistance is 4.35 and a break over that will support the above mentioned view. On the flipside any break below 4 should bring further consolidation. Watch the stock closely next week.

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Minerva Neurosciences Inc (NASDAQ:NERV) closed at 14.31 on Friday, reconfirming the new uptrend after the recent break of the 13.75 resistance level. Because of this, I feel that this stock is ready to go towards its next target of $15.84 level (52-wk high). From the daily technical chart we can see that the stock is on a bull market as it is trading above all EMAs and MACD is above Zero line.

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Revance Therapeutics Inc (NASDAQ:RVNC) had a strong day on Friday and broke through its 50 and 100 EMAs. The volume confirmed the breakout as it was greater than average. The stock might fill the gap next week.

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SCYNEXIS Inc (NASDAQ:SCYX) good relative strength compared to the market on Friday. Key resistance is located at $3.35, a break above this level will confirm a new bullish trend and the following uptrend will take price up to $3.75 zone. The RSI is moving higher again, which is a sign of growing strength in the stock. I think its worth adding to your watchlist.

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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: AKS, FH, FIT, NERV, RVNC, SCYX, TKAI

11:43 | Permalink |

My Watchlist for Wednesday, August 31

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Clovis Oncology Inc (NASDAQ:CLVS) is showing a small bullish flag just under the 25 price level. With good trading volume, the stock could be poised to trade higher to test its next level of resistence around 26.75

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First Solar, Inc. (NASDAQ:FSLR) Nice rally in the final hour, closing the session near the highs of the day. The stock might be able to break out of this base tomorrow.

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Weight Watchers International, Inc. (NYSE:WTW) traded nicely today and Im looking for continuation of the upward direction tomorrow. Price looks to be forming a falling wedge pattern which is indicative of a potential break out to the upside. If the stock breaks today's high, the momentum could move stock to the $12.5 area. This stock is a short squeeze candidate, with a short float at 61% equivalent to 8 days of average volume.

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Fitbit Inc (NYSE:FIT) Good pattern and accumulation here, but I need to see further upside confirmation before adding a new long position. Today's close above the 100-day EMA confirms a possible trend change from downward to neutral. Next key resistance is now located at $16, a break above this level will confirm the bullish trend, and the following uptrend will take price up to $18.3 zone.

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: CLVS, FIT, FSLR, WTW

22:01 | Permalink |

My Watchlist for Tuesday, August 16

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ProNAi Therapeutics Inc (NASDAQ:DNAI) This Daily technical chart popped up on my scanner and I feel it is one that should make its way onto your watch-lists for Tuesday. Today the stock experienced the biggest volume since the July highs (2.25), signalling renewed interest from investors. In my opinion, the stock may be forming a bottom after being in a small downtrend for weeks. Also working in our favor is the close above the 20-day EMA for the first time since June. If this technical daily chart does what is supposed to do, it will be going higher in the days to come, plenty of room to upside. Going forward, stock has immediate resistance at 2.15 followed by 2.2/2.25 levels. This stock needs to be at the top of your watch list.

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Chesapeake Energy Corporation (NYSE:CHK) displayed some impressive relative strength today with a 9.56% gain on high volume. $5.60 (200EMA) is a key to watch for this stock. The Stochastic Oscillator is registering a bullish signal as the %K has crossed above the %D and RSI back above 50. The nearest trend is in favour of Bulls and price has room to go higher. If the stock can break through that level (200EMA), we should see strong volume drive the stock higher. On watch.

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Fitbit Inc (NYSE:FIT) Volume starts to pick up again. Could make a nice move to the upside. MACD lines are going up. Keep this one on your watch list. A break of $16.04 with force might give FIT room to $17.

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Mirati Therapeutics, Inc. (NASDAQ:MRTX) is forming a bullish inverted head and shoulders pattern on daily chart. I'm watching the stock to breakout the resistance level at $5.85. The technical indicators still indicate a bullish tone in short-term.

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Cesca Therapeutics Inc (NASDAQ:KOOL) Keep an eye on this one, setting up to break this resistance area. Next buy point 4.50 on volume. Note: Empery Asset Management Reported 5.43% Passive Stake in Cesca Therapeutics in 13G

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GoPro Inc (NASDAQ:GPRO) broke above the key resistance level in today's trading session on high volume after a short period of consolidation. I still like this stock and will be watching it again tomorrow, expecting to see a continuation move.

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Twitter Inc (NYSE:TWTR) still looks pretty good on the daily technical chart with volume expanding as it moves higher. Stock continues to look bullish and had another strong day, closing above the 200-day EMA for the first time since April 2015. A break above 21.10 (today's high) on heavy volume would be the next buy point.

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: CHK, DNAI, FIT, GPRO, KOOL, MRTX, TWTR

22:00 | Permalink |

Bullish list of setups for Next Week

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QUALCOMM, Inc.(NASDAQ:QCOM), after nearly three months of consolidation in the 49.75-53.4 area stock finally broke out on Friday and took out its critical level of $53.04 (200-day EMA). 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 $56 area. Daily technical indicators are looking bullish. The daily MACD is rising above its signal line in positive territory and the RSI is above its 50% level. This momentum could push this stock much higher from here, so keep it on the radar next week.

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Pandora Media Inc (NYSE:P) A short squeeze on the horizon? This stock has surged in recent weeks amid strong volume and closed the week above its declining 100-day EMA for the first time since December 2015. With almost 22% of the float short or 49.5M shares, I think this stock is due for a big move higher. On the technical side, the short-term daily chart remains bullish. The stock is trading above all major short-term EMAs but below its 200-day EMA. Plus, the MACD is positive/rising and the On balance volume shows strong accumulation. If the stock can break through $11.50 resistance next week, we should see another strong upside move. P will move very quickly, so watch the stock closely.

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Cadence Design Systems Inc (NASDAQ:CDNS) broke out to new highs on high volume. The uptrend remains intact and signals further bullishness on this stock. Daily technical indicators are bullish.

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Fitbit Inc (NYSE:FIT) looks to have bottomed. The stock broke the $14.39 resistance level Friday on solid volume and could eventually rally up to test its gap resistance. Daily technical indicators are beginning to turn bullish. Let’s see whether the stock can gather enough momentum to break through $15 next week.

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Acacia Research Corp (NASDAQ:ACTG) is in a bullish formation. A break through this 5.06 area could accelerate it higher. Insiders have been very aggressive buyers here.

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Keep an eye on Rambus Inc. (NASDAQ:RMBS). If the stock breaks above its 20-day EMA on heavy volume next week, then we will know the next major move up is likely. The MACD has already triggered a bullish signal, as it curved upward and crossed above its signal line last week, while RSI is also gaining strength. I do not see any resistance on the chart until $12.30.

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Cellectar Biosciences Inc (NASDAQ:CLRB) saw its shares surged almost 232% to $3.45 per share on massive volume Friday after revealed that the company got patent identification numbers for its Phospholipid-Ether Analogs as Cancer Targeting Drug Vehicles. On the weekly chart, the stock has a strong resistance around $4, and a break above it should lead to a continued advance up to 5.20, the next strong resistance level.

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Ithink BlackBerry Ltd (NASDAQ:BBRY) is building a nice base for take off. Some daily technical indicators are showing positive divergences. Next resistance is located at $6.93, while immediate support has moved up to $6.56

Last week I mentioned that you could use the Stockal-mobile app to track your stock investments on-the-go. Nice to see a lot of my readers have downloaded and are using the app. I would love to know what you thought about it. This is a young team trying to make something useful and any feedback will help them. For those who haven't used it -Stockal helps you discover volatile stocks all the time on the basis of analyst ratings, sentiment changes, news and social media conversations. Covering over 6,000 stocks, "Stockal" tries to make your investing decisions easy by giving you pretty much everything you want to know about a stock. For every stock out there - it gets you Analyst Confidence (from Wall St. firms), News & Sentiment, Analyst Reports, curated Social media chatter (Twitter, StocksTwits etc) and Revenue Predictions (for future quarters). You can also invite your peers/friends/experts for a chat on Stockal. And I have come to know that these guys are also adding multiple brokerages right into the app. So if you have an account with TD Ameritrade, E*Trade, Scottrade, Fidelity etc, you can buy/sell stocks on Stockal using just the login credentials of your brokerage account - just like you swipe your card at the Amazon website.

Thank you so much for those who helps me to reach 16000 followers on twitter !!!!

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: ACTG, BBRY, CDNS, CLRB, FIT, P, QCOM, RMBS

08:39 | Permalink |

Stocks to Watch for March 22, 2016

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The index is exhibiting signs of topping on Hourly chart. Indicators are displaying negative divergences as they failed to make new highs as highlighted in the technical chart above, so the Bulls have to be cautious.

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Fitbit Inc (NYSE:FIT) broke out of a small consolidation pattern on solid volume and could eventually rally up to 16. Looking at the technical daily chart the near-term outlook is positive. Let’s see whether the stock can gather enough momentum to break through the key $15 level tomorrow morning.

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BlackBerry Ltd (NASDAQ:BBRY) Still flagging. Could pop nicely over 8.20

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Acacia Research Corp (NASDAQ:ACTG) successfully close above the $4 level on very impressive money volume. This is a very bullish development. Short-term technical indicators are Bullish. If the stock can break today’s high of $4.21, we should see a strong follow through move. Next major resistance level lies at 4.50

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General Electric Company (NYSE:GE) has a chart set to breakout. Watch over $31.24

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Sirius XM Holdings Inc. (NASDAQ:SIRI) has been in a nice bullish consolidation over the last three weeks and appears ready for another breakout. Keep 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: ACTG, BBRY, DJIA, FIT, GE, SIRI

21:17 | Permalink |

Stocks to Watch for January 06, 2016

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Chimerix Inc (NASDAQ:CMRX) looks to be working its way higher after a dramatic fall in price. Despite the general market's weakness, the stock made an impressive turnaround and rallied almost 8% to close the day at $9.30. Resistance for Wednesday’s move is $9.75, which reflects Monday’s high of the day. If the stock can break through resistance, we will have a two-bar reversal, which is very bullish for an upside move. The stock is still oversold as evidenced by the stochastics and RSI and MACD-histogram has ticked up, indicating that the bears are losing momentum, so there is still some chance that the stock may test double digits levels in coming days.

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GameStop Corp. (NYSE:GME) is very oversold and I would be looking for a technical bounce with initial resistance at $30.20. Keep the stock on your screen throughout the day on Wednesday.

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Lion Biotechnologies Inc (NASDAQ:LBIO) As long as the rising 50-day exponential moving average continues to hold up as support, a move to the bottom of the range can be seen as a healthy one. The slow stochastics show the stock is oversold with the possibility of a reversal. On watch.

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VMware, Inc. (NYSE:VMW) Watching for $57.61 (20EMA) breakout. All indicators are in favor of an upward price movement. MACD is rising and has generated a new buy signal today, so keep the stock on your radar for Wednesday’s trading day, as there is good upside potential in this move.

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Micron Technology, Inc. (NASDAQ:MU) needs to break this descending channel drawn by me on the daily chart before we see any sustainable rally. Momentum indicators are displaying a positive divergence. I'll be watching the stock on Wednesday, looking for a follow through move.

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Fitbit Inc (NYSE:FIT) ruled weak and also breached the crucial stop-loss level at $26.46. It may trade lower in coming days.

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3D Systems Corporation (NYSE:DDD) After posting steeper losses in the morning, the stock closed down just one percent on significant volume. If the stock breaks out above today's high, a buy order should be placed. It's a short squeeze candidate.

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: CMRX, DDD, FIT, GME, LBIO, MU, VMW

22:30 | Permalink |

Stocks to keep an eye on July 06, 2015

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Enzon Pharmaceuticals Inc (NASDAQ:ENZN) Definitely on watch next week. After the market close on Thursday the company declared a special cash dividend of $0.50 per share of the Company’s common stock, payable on August 12, 2015 to stockholders of record as of July 21, 2015. The SEC filing concerning this special dividend can be found here (FORM 8-K). This special dividend represents a generous dividend yield of 41.32%, as of the last trading price of $1.21. I went long in the after-hours trading. You know, I like special dividends better than regular dividends. This company has been the target of shareholder activists and the largest holding is Icahn Enterprises with 5,904,863 shares or 13.36% stake. Watch the stock closely on Monday.

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Kite Pharma Inc (NASDAQ:KITE) on my swing long list. The stock finally closed the week above the downtrend line that had been in place since January. Good upside volume on the daily chart. Breakout above 66.50 is expected to trigger fresh uptrend and immediate resistance at 77.

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Fitbit Inc (NYSE:FIT) After surpassing the key resistance level of $40 on Wednesday, the rally of FIT breached its previous all-time high of 40.54. The rally is expected to continue in the coming weeks, however, at this point, and based on the hourly chart it could be setting up for a pullback. The earlier resistance of 40.54 will now provide strong support to FIT stock.

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ZIOPHARM Oncology Inc. (NASDAQ:ZIOP) continued its sideways movement this week and tested the bottom of 11.10 levels again. Now, on the downside 11 is immediate support zone for next week. The daily technical indicators are displaying negative divergence, indicating that the medium-term trend is under threat. The current uptrend will continue until the stock is trading above trend reversal level of 10.74.

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Twitter Inc (NYSE:TWTR) looks to be setting up for an upside move, as the price has held up well the past few sessions.I remain short-term bullish but I hesitate to suggest new positions with the market looking vulnerable. At this point, and given the current stock levels, it is important for it to break 36.42 level soon. The trend is expected to be up till trend reversal level of 35 is intact on closing basis. Plus, the stock closed the week above its 9 & 13 exp moving averages, giving it even a more bullish set up.

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eBay Inc (NASDAQ:EBAY) Rally continued for 3rd consecutive session. The stock is showing signs of an upcoming breakout as price action and volume are making some bull signals. Waiting for a break above the 62.39 for a long position. Short-term price target after the break is 63.30.

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Vringo, Inc.(NASDAQ:VRNG) The price action in the last hour of trading on Thursday was very strange but Bullish accompanied with unusual volume, so it will be interesting to watch the stock on Monday. This may indicate a potential shift in the trader sentiment from negative to positive.

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: EBAY, ENZN, FIT, KITE, TWTR, ZIOP

20:53 | Permalink |

Stocks to keep an eye on July, 01 2015

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Sunesis Pharmaceuticals, Inc. (NASDAQ:SNSS) had a great move on the upside today and closed above the 200EMA. The stock is setting up to break out and has one more level to go, which is $3.14. SNSS call options were also very active today, particularly the August $4 calls. Long setup on watch.

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Micron Technology, Inc. (NASDAQ:MU) has achieved a boost during Tuesday’s market as traders witnessed the extreme oversold position, driving shares up 0.5%. I would like to see a break over todays high of 19.10 to indicate possible bounce is on deck. I feel that fundamentally, the stock looks attractive at least for the short term.

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Fitbit Inc (NYSE:FIT) Setting up nicely for new highs.

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Seres Therapeutics Inc (NASDAQ:MCRB) closed at $41.5 on Tuesday, up $3.50 for the day. The technical chart above suggests that stock might find now resistance at $42.36. Only a break above this level would suggest further upside.

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: FIT, MCRB, MU, SNSS

22:36 | Permalink |

AC Investor Blog

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

Saturday, September 17, 2016

Here's my watchlist for the week ahead

Tuesday, August 30, 2016

My Watchlist for Wednesday, August 31

Monday, August 15, 2016

My Watchlist for Tuesday, August 16

Saturday, May 21, 2016

Bullish list of setups for Next Week

Monday, March 21, 2016

Stocks to Watch for March 22, 2016

Tuesday, January 05, 2016

Stocks to Watch for January 06, 2016

Friday, July 03, 2015

Stocks to keep an eye on July 06, 2015

Tuesday, June 30, 2015

Stocks to keep an eye on July, 01 2015

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