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Sunday, January 15, 2017 

Possible breakout plays to watch next week

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Im watching SCYNEXIS Inc (NASDAQ:SCYX) for a possible breakout from current consolidation. Long if it breaks consolidation over 3.72. A move above its 200-day EMA could lead to another wave toward 4.20 zone. SCYX will move very quickly, so keep a very close eye on the stock.

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Galectin Therapeutics Inc (NASDAQ:GALT) potential breakout trade above 1.18 resistance area (ascending triangle formation).

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Apple Inc. (NASDAQ:AAPL) Possible bullish consolidation pattern. Could accelerate if it breaks 120 resistance.

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OvaScience Inc (NASDAQ:OVAS) possible trend reversal trade if it breaks 1.65 resistance area. Could move toward 1.85 area if it breaks the EMA50 (Hourly). Volume surged in the last hour of trading on Friday, which is a strong indication of a potential breakout ahead.

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GenVec Inc (NASDAQ:GNVC) broke the falling wedge last week on the hourly chart and more bulls should join the party on a breakout above the immediate resistance line at 6.49. The short-term momentum indicators are starting to turn back higher.

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Honeywell International Inc. (NYSE:HON) shows an ascending triangle pattern formation on daily. Traders should watch for a breakout of the upper line. Breakout and sustaining above 118.71 will extend the uptrend.

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Cummins Inc. (NYSE:CMI) watch for a possible breakout out of current consolidation. Breakout watch over 141.08

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MagneGas Corporation (NASDAQ:MNGA) had good volume and a nice candlestick on Friday, closing slightly above the key 0.525 resistance level. MNGA could be at the beginning stages of a major uptick.

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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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20:13 | |

Wednesday, January 11, 2017 

My Watchlist for Thursday, January 12

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Instructure Inc (NYSE:INST) broke out into the gap area with decent volume today and I expect a continuation of the move tomorrow. The MACD and RSI are rising and the accumulation line is moving higher. Plus, nearly 11% of INST's float is sold short, which could fuel a short-covering rally. The stock has a lot of upside potential, so watch it closely on Thursday. Long setup.

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Shares of First Solar, Inc. (NASDAQ:FSLR) have room for a significant uptick beyond these levels. Volume starts to pick up again. A move above $35.52 could trigger a sharp move higher. Long set-up on watch.

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Biostar Pharmaceuticals Inc (NASDAQ:BSPM) should be at the top of your radar screen tomorrow. The price is building momentum and broke today the downtrend channel that it established since December on high volumes with 3.50 as the first upside objective. The daily MACD is also turning up, suggesting a recover is just ahead. BSPM is another low float stock that could potentially be a high percentage gainer for us. A MYOS type-move is not impossible here.

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GenVec Inc (NASDAQ:GNVC) There is a higher chance that the stock might bounce here (EMA200). Started a long position at 6.40 before the close.

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Shares of Gevo, Inc. (NASDAQ:GEVO) are starting to heat up and are worth watching. Short term momentum indicators, like MACD, RSI, Stochastics are showing technical signs of a reversal. Plus, 683 Capital Management, LLC reported today a 6.3 percent passive stake in Gevo. I feel that there is a possibility for the stock to go beyond $4.75 this week.

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

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23:14 | |

Monday, January 09, 2017 

My Watchlist for Tuesday, January 10

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SCYNEXIS Inc (NASDAQ:SCYX) had a nice move on the upside today accompanied by strong volume and looks like it wants to go higher. Resistance stays at $3.73, which is a big area that the stock needs to break.

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Roka Bioscience Inc (NASDAQ:ROKA) broke through that critical 4.80 level today on heavy volume and looks to be heading higher. The stock hit a high of $5.26, which is resistance for Tuesday’s move. If the stock can break through resistance, we should see a strong follow through move. Next major resistance lies at $7. Watch the stock closely tomorrow.

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Novavax, Inc. (NASDAQ:NVAX) gave us a nice move on decent volume, which could be the start of a bigger move. The 1.50 level is pretty much the pivot here. If that breaks we could see 2 quickly.

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Keep a close eye on Vical Incorporated (NASDAQ:VICL) tomorrow. The stock looks right on the verge of a breakout. I think in the short term it could see $3 but let's see a test and close above of $2.51 first. Present daily technical indicators are in favor of Bulls.

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GenVec Inc (NASDAQ:GNVC) has started a resistance breakout of the 4.50 level. Further rise could be expected and next target would be at 6 area tomorrow. All technical indicators continue to point to higher prices.

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XOMA Corporation (NASDAQ:XOMA) looks like is close to attempting a BIG breakout. The stock hit a high of $5.26 but failed to close above this key resistance area. I expect to see a high volume move once the stock breaks through this level as traders are watching this stock closely. Stay tuned.

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Exelixis, Inc. (NASDAQ:EXEL) breakout on volume today. Looks ready to test the highs. In my view any pullback should be used to add long positions. Daily technical indicators are turning up.

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Cyclacel Pharmaceuticals Inc (NASDAQ:CYCC) showed buying strength all day. The 6.20 area is a critical resistance region that can determine overall bias for the stock in short-term. Keep an eye on these levels.

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

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22:25 | |

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  • I'm a 48 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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