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Saturday, May 06, 2017 

My Watchlist for Monday, May 08

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BlackBerry Ltd (NASDAQ:BBRY) closed the week with a strong tone above the critical resistance level of 9.46 (the highs of December 2015). The stock has been trading in a strong up-trend momentum since late March, which remains technically intact. As you can see from the weekly momentum indicators on the chart above, they remain very constructive, suggesting that higher prices could unfold over the long term. The stock has been a nightmare for shorts in the past few weeks and I do believe that this rally could be just the beginning of something much bigger. The story of John Chen in Sybase was something EPIC, astounding, phenomenal, unbelievable, etc....for many analysts, and i got a feeling that Blackberry could be the next Sybase. As i have been saying, the more you short, the more you will need to cover. Double digits ahead.

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Home Depot Inc (NYSE:HD) has been trading in a strong up-trend over the past few months, which is still firmly intact. Over the past two weeks the price has been trading sideways, consolidating between $153 and $156. At this point, all you can do is to wait for the breakout of the trading range.

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Merck & Co., Inc. (NYSE:MRK) momentum is coming back to this name. Daily momentum indicators are pointing to likely higher prices over the medium-term. Once a resistance of $64.12 is broken upwards the price can rebound to $65

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Xenon Pharmaceuticals Inc (NASDAQ:XENE) has been range bound for awhile. Looks ready to take out 4.25 soon. Daily MACD looks favorable too. Im long.

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Boeing Co (NYSE:BA) Poised to breakout to new highs. A high volume move through the 185.71 price level would be buyable.

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Affimed NV (NASDAQ:AFMD) is ready for a possible rally if breakout key resistance level of $2.30 with big volume. It is possible the stock is forming a large Bullish Flag pattern. The MACD Histogram is also showing a positive divergence. On the radar. Plenty of room to upside.

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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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11:36 | |

Friday, October 25, 2013 

Stocks to Watch for October 25, 2013

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AVEO Pharmaceuticals, Inc. (NASDAQ:AVEO) regained the 50-day exponential average for the first time in over six months. This is a stock that could head higher from Thursday's close. AVEO is in the process of bottoming and I expect a pop above $2.6 at some point in the coming days. From a technical standpoint, the MACD just crossed above signal and the OBV chart is showing some strength in this movement, giving the bulls the signal they wanted. Long setup.

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Arca Biopharma Inc (NASDAQ:ABIO) I will be watching the stock on Friday for a continuation move through Thursday’s highs of $1.61. The OBV indicator on chart shows the strength of conviction behind this Bullish trend. A retest of 1.76 seems very likely. I still think the stock could offer some opportunity, so I'll keep the stock position open. The company has 20.7M in cash and has zero debt. It's trading below cash levels and book value. On October 9th, Dawson James initiated coverage on shares with a buy rating and a $3.75 target price. Lets keep an eye on it.

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AMR Corporation (OTCMKTS:AAMRQ) Nice breakout on high volume. Buyable on a pullback to the pivot.

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The Home Depot, Inc. (NYSE:HD) seems to have reversed from its downtrend and could be starting a new uptrend. With the MACD turning up and above its signal line, this stock could post a nice rally from current levels.

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Zalicus Inc (NASDAQ:ZLCS) made a strong reversal candle Thursday on heavy volume. If the stock can break Thursday's high, I think we will rally back to the $6 level. Stop 4.3

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MGIC Investment Corp. (NYSE:MTG) is building a nice Bullish pattern under resistance at $8.50. Watch for a break through that price level to indicate that another push higher will occur.

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MFA Financial, Inc. (NYSE:MFA) Technical chart looks very good. It's a potential breakout play. Momentum picking up with MACD climbing and accumulation continues to trend higher. Breakout watch over 7.8

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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08:36 | |

Friday, February 17, 2012 

Breakout Alerts - Stocks To Watch Next Week

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I like this chart on Uranium Energy Corp.(NYSEAMEX:UEC) alot . Prob one of my Favorites. As you can see the stock brokeout on highvolume Thursday and was able to keep this strength today, closing at the high of the day. I've seen this many times in the market and you know what the end result usually is ? Well it's alot of money. RSI is rising and we are not even in overbought territory yet. The Accumulation/Distribution shows that the stock continues to be under accumulation by institutional traders and money managers. A break of 4.25 would confirm continuation of the trend, with a target area of 5.5 to 6. Watch it fly in the upcomming weeks. Lets make money !!

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Nice day for  Intel Corporation (NASDAQ:INTC). I first alerted on this one yesterday night as a possible breakout candidate and this morning on Twitter I said the stock was on my watch radar. The stock did what it was supposed to do and was one of the big winners on Friday, closing up 55 cents on the day. This was a good run for those who jumped in at that time. The stock broke out of a consolidation that has been a pause in its steep, more than 10% up move in January. INTC traded heavy volume as it hit a high of $27.50. This high is resistance for Tuesday’s continuation move. If the stock can break through this level, I expect to see  another strong upside move.

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eBay Inc (NASDAQ:EBAY) broke out and never stopped all day. There is a good chance the stock will continue to move up. If the stock can break through $35,21, we should see it move up to $36. Looking at the technical chart the investor sentiment in stock showed by "RSI" continues strong and MACD still going up. Technically speaking, the stock is painting a Bullish picture.

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The Home Depot, Inc. (NYSE:HD) hit a new 52-week high today, trading as high as $46.72 , before settling at a close of $46,71. I'll be watching the stock on tuesday, looking for a follow through move. As long as the stock stay above $45.45, the bullish scenario still intact. Technical chart shows very strong bullish sign. First, the stock is trading above both 50-day and 200-day moving average with both moving average pointing upwards. Then the MACD indicator is positive and KD line still show the stock is on the positive swing.

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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22:47 | |

Tuesday, February 14, 2012 

Top Breakout Stocks for Your Watchlist

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LSI Corporation (NYSE:LSI) has broken out to all time highs again. The volume on Tuesday’s break was great and the stock is now seeing blue skies as there is no resistance overhead. The technical chart is showing tremenous strength with KD rising and MACD above 0. In addition, both 50 day and 200 day are both rising showing the stock would be in bull market for a while. Only a close below $8 would warrant a change in sentiment.

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The Home Depot, Inc. (NYSE:HD) remains in a clear uptrend. The stock looks strong enough to move forward. 

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As I expected, the stock broke up through the resistance at $50.50 on huge volume of over 3.3 Million shares. At this stage, further rally is still possible. The breakout signals a continuation of the prior advance. Even though I find the breakout bullish, I also find Fastenal Company (NASDAQ:FAST) a bit overextended. As long as $49.50 holds, this breakout is in great shape. The stock has the potential for a strong follow through, so watch it closely on Wednesday.

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Coach, Inc. (NYSE:COH) is going to be very interesting to watch as the stock hit a new 52-week high. Resistance is now $76.25, which was Tuesday’s high of the day. You want to keep a close eye on COH as it has the potential to make big upside moves. 

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Foot Locker, Inc.(NYSE:FL) stock could be poised for more upside in the weeks ahead after breaking above the key $27.32 level on heavy volume today. Bulls have the near-term technical advantage and gained fresh upside momentum today. Upside momentum still intact. I like that the stock finished strong and expect to see a continuation move on Wednesday.

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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22:41 | |

Tuesday, February 17, 2009 

Stock Picks and Trade Ideas for Wednesday - CVS, COF, HD

Chart courtesy of www.stockcharts.com ( click to enlarge )

HD's stock breaks down on Friday. From the technical chart, both MACD and KD show bearish sign. The stock is still trading below the 50 day and 200 day moving average, also a bearish sign. In the short term, I see no reason to buy the stock. Only a close above $21 would impart positive momentum. The stock could fall up to $18.50.

Chart courtesy of www.stockcharts.com ( click to enlarge )

COF - The stock has made a new 52-week low at $9.69 a share, closing the day at $10.13. I will take long positions at this point hoping that this stock has reached the bottom. The reason for that is due to the fact that the stock has traded a huge amount of shares, probably a sign of capitulation. Could this be the reversal ? I'm betting it is, but I'm not sure. Be careful.

Chart courtesy of www.stockcharts.com ( click to enlarge )

CVS - Chevron shares broke down its support on Friday on increased volume and selling pressure making this stock appear that it could easily be sent down to its support around 63. Only the break of the prior support now resistance confirmed by a daily closing will support higher levels. The indicators of the daily chart are still negative suggesting further possible pressure but a strong closing again above 67.50 could change this scenery.

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 Folks. See you tomorrow !!!

AC

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21:23 | |

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About Me

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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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