AC Investor Blog

Stocks to Watch for June 16, 2014

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Endocyte, Inc. (NASDAQ:ECYT) is forming a potential rounding bottom formation on the daily chart and its neckline is at 7.30. The price rise with increase volume during last week’s trade, suggests bullishness in this stock. Among oscillators, the MACD and RSI are rising indicating strength in the current uptrend. The stock price was unable to rally above the 13-day exp moving average during the month of May, but managed to do so last week. Breaking through this key moving average could signal a trend reversal, with huge upside potential and a Monster gap above the 7.30 level. All eyes on ECYT next week.

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FormFactor, Inc. (NASDAQ:FORM) after consolidating in the range of 7.50-7.30 for the last two weeks has given a positive breakout, signalling bullishness in the stock.

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Delta Air Lines, Inc. (NYSE:DAL) has been trading in an upward rising channel since mid-April but broke that channel last week on massive volume. The stock is now sitting on a key support level. A break here will move the stock towards the May lows and a test of its 100-day EMA, currently at 35.39. The MACD oscillator has given a negative crossover that supports the short-term negative momentum in the stock.

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Twitter Inc (NYSE:TWTR) made a lifetime high of 74.73 in December of last year and then faced a sharp decline up to the 30 levels where the stock made a double bottom. TWTR then resumed its upward rally forming higher tops and higher bottoms on the daily charts. The stock is currently trading near the 50-day exponential moving average that is at 37.62 and can act as a strong resistance.

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VIVUS, Inc. (NASDAQ:VVUS) The stock has formed an ascending triangle in the last few weeks and is showing signs of bullishness. A push above $5.44 would be a solid buy signal for traders with a target of 6.3

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SanDisk Corporation (NASDAQ:SNDK) Over recent days, I've warned that the stock is showing signs of topping out for the short term. The chart has a Bearish MACD crossover and the RSI has exited its overbought zone suggesting a retrace. We could see a pullback up to $92.50.

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Rambus Inc. (NASDAQ:RMBS) recently broke out of a large flag consolidation pattern above 12.80 and is forming now another potential bullish flag that might be worth keeping an eye on. Although a possible pullback to the breakout area (12.80) may not be ruled out, in my opinion it could be seen as a buying opportunity. The recent high volume activity, along w/ positive crossover of MACD on the daily charts suggest fresh buying interest in Rambus.

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: DAL, ECYT, FORM, RMBS, SNDK, TWTR, VVUS

10:20 | Permalink |

Stocks to Watch for November 29, 2013

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Himax Technologies, Inc. (NASDAQ:HIMX) surged 10.07% or 95 cents to $10.38 per share on Wednesday, with volume which was nearly 3x above average. The move pushed the stock above the $10 resistance level and produced a pocket pivot buy point. The technical daily chart above suggests that this could be a good time to buy the stock as MACD fast line has just crossed on top over slow line showing buy signal. In addition, long-term trend is still positive as both 100-day and 200-day exponential moving averages are going up. Let's see if tomorrow it breaks over $11.49 and makes a new all-time high.

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AVEO Pharmaceuticals, Inc. (NASDAQ:AVEO) had a strong bullish move on Wednesday breaking some key resistance lines with large volume. From a technical standpoint, the positive momentum seems to be back as the stock is back above the 50-day exponential moving average. Plus, the 9-day EMA has crossed above 13-day EMA with the RSI going up and MACD near the positive territory. If the stock can get above 2.15, it would likely start to create a short covering as the short percentage of float is about 6% currently, and 6 days to cover. From a fundamental basis, AVEO is currently undervalued IMHO. It has about $2.53 per share in cash and zero debt. In September, an article published on Forbes reported that the Billionaire and legendary hedge fund manager, Seth Klarman of the Baupost Group owns more than 7% of this stock. So, watch this stock closely.

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Arca Biopharma Inc (NASDAQ:ABIO) The technical daily chart above is showing some positive divergences that should be taken in consideration. The accumulation/distribution indicator signals a reversal of its trend, indicating the stock has been under accumulation. Momentum indicator RSI has reversed its direction. Possibility of bullish rally is high. Short-term target of this stock is 1.69. Stop loss at 1.30 recommended.

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Pandora Media Inc (NYSE:P) has pulled back to the breakout pivot just above the $28. As long as this key support holds, uptrend in Pandora is likely to stay intact.

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General Motors Company (NYSE:GM) Watching for $39.18 breakout. All major indicators are in favor of an upward price movement. MACD has generated a new buy signal and the Relative Strength Index (RSI) is rising again. This momentum could push this stock much higher from here. Keep the stock on your radar for Friday’s trading day.

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Finally, Apple Inc. (NASDAQ:AAPL) broke the trading range on upside after taking support at 20-day EMA. The stock closed the day on Wednesday with a gain of over 2.35% with solid volumes, suggesting accumulation of the stock at current levels. Based on the technical chart, the stock price is likely to touch 570-580 in the short term.

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FormFactor, Inc. (NASDAQ:FORM) potential gap-fill play above $5.52. Keep on watch.

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: AAPL, ABIO, AVEO, FORM, GM, HIMX, P

19:05 | Permalink |

Stocks to Watch for May 14, 2013

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Shares of Tesla Motors Inc (NASDAQ:TSLA) closed the day gaining more than 14% to a new historic mark for stock at $87.83, near the highs of the day at $87.87. The stock has been on one of the most amazing runs of this month. At the present level the stock is incredibly extended, anyway TSLA is now seeing blue skies as there is no resistance overhead. I'm bullish on TSLA, but in situations like this (extreme overbought conditions) I prefer to wait for a pull back, rather than chase the market.

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VIVUS, Inc. (NASDAQ:VVUS) broke horizontal resistance line and looks ready to test the EMA200 at 14.25. With a short interest of over 28 million shares, there is the potential for a squeeze.

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ParkerVision, Inc. (NASDAQ:PRKR) broke out to a new 52-week high today accompained by a strong volume suggesting higher levels. The technical chart still showing a bullish bias. KD line shows positive signs as %K line is rising on top over %D line and RSI continue moving up. The MACD has also formed an upside cross. I suspect the stock may continue to appreciate over the coming days.

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FormFactor, Inc. (NASDAQ:FORM) looks like it is getting ready to break out.

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Zynga Inc (NASDAQ:ZNGA) Strong Bullish candle on high volume. Looks like higher prices to come. Next resistance lies at 3.63

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Keryx Biopharmaceuticals (NASDAQ:KERX) Another buy point for KERX is at 8.77

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: FORM, KERX, PRKR, TSLA, VVUS, ZNGA

22:39 | Permalink |

Stocks to Watch for May 8, 2013

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Fortress Investment Group LLC (NYSE:FIG) broke out today and traded nearly 2x normal daily volume. The stock has the potential to make a big run on Wednesday, so keep a close eye on FIG and don’t miss the trade.

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SunTrust Banks, Inc. (NYSE:STI) broke above yesterday's high at $29.89 and rose to $30.29 hitting the highest price in six months. Further rally could be seen to retest $30.68 long-term resistance. As long as the stock stay above 27 area, the bullish scenario is still intact.

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FormFactor, Inc. (NASDAQ:FORM) has seen some very impressive volume recently, most of it coming after the earnings report released late last week. The stock was up 1.3% today amidst some steady buying pressure. Nearly 1 million shares traded hands, well above an average day for FORM. The technical chart shows a stock that is right on the cusp of a big breakout. The stock breached its 200EMA and was able to close above that at $5.13 today. This bodes well for tomorrow and beyond. Stay tuned !!

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I have Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) on my watchlist. It may be ready to break out of this flag consolidation.

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Monster Beverage Corp (NASDAQ:MNST) continues to consolidate but could make a breakout move soon. Resistance is $58.57. I expect to see a strong upside move if the stock can break through this resistance level.

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Crocs, Inc. (NASDAQ:CROX) looks great on daily charts. The stock is setting up nicely for a breakout, but I'd like to see a move above 16.55 on good volume before getting involved.

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: CROX, FIG, FORM, MNST, SBGI, STI

22:33 | Permalink |

Stocks to Watch for May 7, 2013

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3D Systems Corporation (NYSE:DDD) is a good momentum stock and looks great for a test of the highs. The chart is showing a strong bullish bias. OBV is increasing, indicating accumulation of shares in the market and MACD is indicating upward swing. I'm using today’s high of $43.72 as resistance for tomorrow. A break above that area could trigger further bullish momentum towards $45.63

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FormFactor, Inc. (NASDAQ:FORM) closed above its 200-day exponential moving average for the first time since July 2012, indicating a strong bullish signal. The bias is bullish in nearest term targeting $5.25 resistance area.

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Bank of America Corp (NYSE:BAC) is on the verge of a breakout and there is plenty of room for upside. The stock closed up 64 cents today and looks poised to make another move on Tuesday. From my point of view there are solid and consistent buyers here. BAC's chart suggest that increased buy side activity could push share prices to much higher levels. The short-term outlook for the stock remains positive. The MACD also confirms the recent jump and RSI shows that there is more upside to come. A close above $12.94 would have positive implications and could push the stock to the 13.2-13.26 range.

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SunTrust Banks, Inc. (NYSE:STI) Chart looks bullish. Keep an eye for a possible breakout over $30

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Netflix, Inc. (NASDAQ:NFLX) is holding on to its recent gains, but it looks like is losing some momentum for the short term. I'm looking for a possible pull back here.

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Research In Motion Ltd (NASDAQ:BBRY) has entered into a consolidation phase after rising very fast in the last two weeks. The bias remains bullish in nearest term. Immediate resistance remains at $16.59. Break above that level could trigger further bullish momentum towards $17 area. Initial support remains at $15.01 ( 20EMA ). I expect positive trend in the stock to continue with immediate target placed at $17.22.

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Cabelas Inc (NYSE:CAB) on the way to potential breakout over $66.24

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: BAC, BBRY, CAB, DDD, FORM, NFLX, STI

22:42 | Permalink |

Good looking charts for May 6, 2013

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I have been following Research In Motion Ltd (NASDAQ:BBRY) for the past weeks and this might be a rewarding stock if a break out happens. The technical indicators are looking bullish. The MACD is positive and above its signal line. The RSI is above its neutrality area at 50 and the CMF is rising and about to cross zero, for the first time since February. We can also see that the 20EMA has crossed over the 50EMA in April and the stock is now flagging above its 9EMA. At this point, there are still plenty of "Bears" who do not believe in this rally. In my opinion, it appears that the big money is about to dive into the long side, as the technicals indicate that BBRY is poised to move higher, possibly a lot higher due to the high short interest. As long as the stock does not go below the 20EMA or around 15 price level, this stock is a good candidate to BUY, considering the possible flag pattern. Keep the stock in your radar.

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Silicon Image, Inc.(NASDAQ:SIMG) broke out to new highs last week on 2x the daily avg. volume, which is very positive. I want to see more follow through from this stock next week. Looks good for higher prices.

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GT Advanced Technologies Inc (NASDAQ:GTAT) seems to be a promising stock to follow. After Friday's 4.63% jump to $3.84 per share, the technical chart is still showing the same trend as stock is still on top of 20-day and 50-day exponential moving average with MACD on top of signal line. In addition, OBV is confirming the strong uptrend. If we see follow-through Monday, it might run hard.

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Immersion Corporation (NASDAQ:IMMR) displayed some impressive relative strength with a 12.73% gain. After consolidating in between the 11.99 resistance and the 10 support for over seven weeks, the stock finally broke out from its consolidation on expanding volume and marked a new 52 week high of 12.75. Looks good for higher prices.

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FormFactor, Inc. (NASDAQ:FORM) The 5- 5.1 area is a critical resistance region that can determine overall bias for the stock in short-term. Fundamentals are strong are technicals are improving, holding the 50EMA, all positive. Keep on watch list.

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Shares of American International Group Inc (NYSE:AIG) broke out to new highs for the year accompained by a strong volume suggesting higher levels. The stock hit a high of 44.9 which is now resistance for Monday’s follow through 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: AIG, BBRY, FORM, GTAT, IMMR, SIGM

08:26 | Permalink |

Stocks to Watch for May 2, 2013

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Lions Gate Entertainment Corp. (USA) (NYSE:LGF) Good looking setup, however investors should be cautious at current levels. Initiate long position when the stock breaches 25.35 with a stop at 23.85

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Zillow Inc (NASDAQ:Z) broke out in a big way today on great volume. I think we will see some nice follow through on Thursday.

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LinkedIn Corp (NYSE:LNKD) Strong on weak tape. Nice breakout on increase volume. To add on any dip.

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Advanced Micro Devices, Inc. (NYSE:AMD) had a huge breakout day on heavy volume. Next resistance is seen at 3.43. If you're a disciplined trader, wait a pull back to enter.

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FormFactor, Inc. (NASDAQ:FORM) is trading higher after hours, as the company released strong earnings. Key resistance is located at 5.04 (200EMA). A close above this level will confirm a new bullish trend and the following uptrend will take price up to 5.83-6 zone.

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Access Midstream Partners LP (NYSE:ACMP) On watchlist no trigger yet. Long above 42.35

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: ACMP, AMD, FORM, LGF, LNKD, Z

22:28 | Permalink |

Top stock picks for next week

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Facebook Inc (NASDAQ:FB) The stock closed Friday slightly above the 50-day exponential moving average with a shooting star candle (correction is likely) on the daily. From a technical perspective, the technical indicators are beginning to look bullish. The MACD indicator is rising above its signal line, but remains in negative territory. The RSI crossed above the 50 mark and CMF still positive. Let's see what Monday brings.

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Research In Motion Ltd (NASDAQ:BBRY) This technical chart looks bullish and definitely is confirming my bullish sentiment. The stock closed the week above all moving averages, indicating more buying ahead. Daily technical indicators also are turning bullish, which means a test of the recent top at 16.82 is a possibility. The MACD is rising above its signal line and about to enter positive territory. In additon, the RSI has moved above the 50 mark and ADX shows a bullish signal.

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Tellabs, Inc. (NASDAQ:TLAB) looks to have bottomed. Closed above the 20EMA on high volume. Bullish MACD crossover and OBV is rising. The 50-day EMA sits at $2.06 and the 200-day EMA is at $2.26. A lot of room to go higher. This stock should be on your watchlist next week.

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FormFactor, Inc. (NASDAQ:FORM) Good upside volume on the daily chart. Technical indicators turning bullish. Looks like it is getting ready for a breakout soon.

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Avis Budget Group Inc. (NASDAQ:CAR) Starting to look strong again. Next buy area when clears the 29.73 level on heavy volume.

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PulteGroup, Inc. (NYSE:PHM) Watch this one as it approaches this resistance area. All technical indicators are bullish. The MACD has crossed above its signal and reversed its falling trend. RSI is moving up and Slow stochastic has entered its overbought zone.

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: BBRY, CAR, FB, FORM, PHM, TLAB

23:41 | Permalink |

AC Investor Blog

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

Saturday, June 14, 2014

Stocks to Watch for June 16, 2014

Thursday, November 28, 2013

Stocks to Watch for November 29, 2013

Monday, May 13, 2013

Stocks to Watch for May 14, 2013

Tuesday, May 07, 2013

Stocks to Watch for May 8, 2013

Monday, May 06, 2013

Stocks to Watch for May 7, 2013

Saturday, May 04, 2013

Good looking charts for May 6, 2013

Wednesday, May 01, 2013

Stocks to Watch for May 2, 2013

Friday, April 26, 2013

Top stock picks for next week

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