AC Investor Blog

Stocks to Watch for July 06, 2016

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MGT Capital Investments Inc. (NYSEMKT:MGT) continues to perform strongly and appears poised to breakout. A sustained break of $4.59 should bring the stock price to a test of the recent highs in the $5.50 area. Keep it on watch.

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Lipocine Inc (NASDAQ:LPCN) Excellent strength relative to broad market. The stock broke out into the gap area on decent volume today and there is a high probability for a trend continuation in the next sessions. The RSI is curling up and the accumulation line is moving higher. The stock hit a high of $3.48, which is resistance for Wednesday’s move. If the stock can break through resistance, we should see a follow through move. Watch the stock closely tomorrow.

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Relypsa Inc (NASDAQ:RLYP) started the day negative but turned things around to close up nicely. Daily technical indicators are looking bullish. The MACD is above its signal line in positive territory and the RSI is back above the 50 level. RLYP has a high short interest of 19 million shares, so if it breaks and close above the 19.74 level, we could see a short squeeze and a big move up.

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IAMGOLD Corp (NYSE:IAG) broke out from its sideways consolidation today with a 3.13% rally and a close over resistance at $4.50. Look for follow-through on Wednesday with increasing volume to confirm today's move.

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NVIDIA Corporation (NASDAQ:NVDA) might attempt to breakout above $47.50 level again and if it succeed we should expect a nice move to the 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

Labels: IAG, LPCN, MGT, NVDA, RLYP

22:05 | Permalink |

Stocks to Watch for May 09, 2016

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IAMGOLD Corp (NYSE:IAG) continued its bullish fervour last week making another new high of 3.71 on Friday. Daily technical indicators are Bullish with the RSI and MACD rising. With the spike in volume and momentum surging in Friday's trading sesison, there is a high possibility that the stock price can appreciate even more in value during the coming sessions. Next resistance is now seen at 4.10. Keep it on your watch list going forward.

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You need to watch AngloGold Ashanti Limited (NYSE:AU) stock closely because it could break resistance soon. Buy point would be on the day it blows through $16.63 on heavy volume.

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The shares of Gold Standard Ventures Corp (NYSEMKT:GSV) recorded a new 52 week high of 1.65 in Friday's session. Buy the stock in dips using the rising 20-day EMA as stop loss. The daily technical chart looks very Bullish with all EMAs going up and MACD on top of "0". Long setup.

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Eldorado Gold Corp (NYSE:EGO) is gaining some momentum again. A move past $4.29 would be a strong indicator of a further uptrend, however a tight stop loss should be used.

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Gevo, Inc.(NASDAQ:GEVO) broke out of an important consolidation area with a long white candlestick. This new rally should at least push the stock to $.57

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Shares of Hecla Mining Company (NYSE:HL) have room for a significant uptick beyond these levels. Volume starts to pick up again. A move above $4.36 could trigger a sharp move higher. Long set-up on watch.

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Sarepta Therapeutics Inc (NASDAQ:SRPT) Stock price has been having wild swings since it broke the $15 level. The outlook remains positive supported by the short-term EMAs and momentum indicators.

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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: AU, EGO, GEVO, GSV, HL, IAG, SRPT

16:35 | Permalink |

Chart setups to keep an eye on next week

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Forum Energy Technologies Inc (NYSE:FET) surged 8.77% Friday on one of the heaviest volume sessions this year, with 2.87 million shares traded. The broke out of a key horizontal resistance line and closed slightly below the high of the day, which now represents the next resistance for the follow through move on Monday. If a breakout above this level occurs, we could see a continuation of current momentum toward the 19.2-19.85 range.

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Krispy Kreme Doughnuts (NYSE:KKD) Should be on watch next week for a possible breakout out of current consolidation (Bullish flag). If a breakout above 17.53 occurs, we could see an acceleration of momentum and move toward the 18-18.60 area.

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Relypsa Inc (NASDAQ:RLYP) has been pulling back after massive one day rally on 7th of April. As you can see from the chart above, in this corrective phase the stock has found support on its rising 50-day EMA on multiple occasions. At this point and with the company being mentioned as a potential takeover candidate, traders could expect a strong bounce and a potential breakout of the downtrend line. CMF is positive and accumulation remain high.

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Despite the overall market correction, Friday was a good session for Gold stocks, including IAMGOLD Corp (NYSE:IAG). The stock gained another 22 cents, or 6.92%, breaking out of a consolidation pattern to the upside with volume backed confirmation. The daily technical chart above shows the stock is in a bull market rally as MACD is on top of signal line and in positive territory. In addition, the medium-term trend is also bullish as the stock is above the 50-day and 200-day exponential moving averages with both moving averages going up.

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DryShips Inc. (NASDAQ:DRYS) delivered nice gains for traders last week (Twitter alert). The stock closed the week with a gain of 65%. There were plenty of opportunities throughout the week to get involved in this particular sector and easily book a profit. For those of you that booked a profit, congratulations on a great week. From a technical perspective, we are now starting to look overbought in the short-term, so we could see some profit taking for a test of its 100-day EMA support.

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Paragon Shipping Inc. (NASDAQ:PRGN) was the stock of the week gaining more than 750% in just two trading days. After strong gains, the risk of profit taking is high, so play wityh tigh stops.

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Vringo, Inc (NASDAQ:VRNG) is a low float stock to keep an eye on. I am still watching VRNG shares of due to the recent price action, volume, news and momentum. Daily technical chart shows a possible reversal in the making. Most of its key indicators, particularly the MACD and the 14-day relative strength index are displaying positive divergences. Plus, the ADX indicator is starting to move into strong territory. Overall, the stock is showing some positive technical signs of reversing its long-term downtrend. If it breaks this downtrend line, the first target on a swing would be the $3.50 area.

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After the recent rally in oil stocks, Friday's pull back on Bonanza Creek Energy Inc (NYSE:BCEI) should be seen as a natural and welcome movement. As long as the stock closes above the 3.70 level, the Bullish trend intact.

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Apple Inc. (NASDAQ:AAPL) The price action on Friday created a potential/temporary bottom. A rise above the 95 level next week should confirm the reversal. Plus, the extreme oversold reading from the slow stochastic and RSI indicators, suggest that prices are due for some recovery and base building imho. Stop Friday's low.

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: AAPL, BCEI, DRYS, FET, IAG, KKD, PRGN, RLYP, VRNG

08:54 | Permalink |

Here are a few setups to watch next week on the long side - I will be on vacations

Dearest Readers,

First, I would like to thank you for your cooperation and support during these last few months of the year, with a high increase of followers on the blog and a great increase in the number of followers on twitter that has almost reached 13000 followers. Then, announce that in the next two weeks I will be on vacation and will not be back to update the blog until the 12 August. But before I leave you , I have placed some charts with potential ideas for next week. Thank you and happy holidays.

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Pacific Biosciences of California (NASDAQ:PACB) Will it break the 200-day EMA next week or retrace down retest support ? If it breaks this key resistance line with huge volume, that's a good entry opportunity. Although MACD is at negative region, a bullish crossover has been formed. Resistance 5.90 Imediate support 5.55 then 5.42. Watch closely for an entry opportunity.

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Chanticleer Holdings Inc (NASDAQ:HOTR) Thin name. Will it break up this resistant level? It is showing a small bullish flag just under the 50-day EMA with a 2.73 buy point. With good trading volume, the stock could be poised to trade higher to test its next level of resistence around 3.15.

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Amedica Corporation (NASDAQ:AMDA) broke out of a symmetrical triangle chart pattern to the upside on Friday, which is very bullish. Watch for a good follow through day. First target is the 88c area, and beyond that the 1.10 area. Stop 64c

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Caesarstone Sdot-Yam Ltd (NASDAQ:CSTE) is flagging just above the 66 breakout area after a steep rise from the 55 level in April. A break of this Bullish pattern could move the stock to test its all-time high just above the $70 level.

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On Friday, IAMGOLD Corp (NYSE:IAG) formed a reversal candlestick. Most probably, this technical rebound will push the price up to 1.70 area (previous support, now resistance).

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OHR Pharmaceutical Inc (NASDAQ:OHRP) I will keep my long position intact. On the technical side, the stock has been pulling back on low volume to test the breakout zone around the 2.9-3 area. If this zone is respected next week, I expect that the next rebound will push price up to $5. Money flow has been very solid over the past days and the accumulation/distribution continues to be bullish, we just might be on our way to higher prices IMHO.

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: AMDA, CSTE, HOTR, IAG, OHRP, PACB

08:29 | Permalink |

A few setups to watch on April 28, 2015

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Gold Fields Limited (NYSE:GFI) Watch this trend line for a upside break at 4.40 for short term direction. The MACD is also about to cross zero line, which will be bullish.

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IAMGOLD Corp (NYSE:IAG) Coiling up here. Over 2.25 for movement.

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Silver Wheaton Corp. (NYSE:SLW) Stock could see a nice pop over $20.51 a share for a gap-fill.

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Esperion Therapeutics Inc (NASDAQ:ESPR) The short-term trend has turned weak, as the stock closed below the 9 & 13 EMAs for the first time in the last weeks. Momentum indicators are slightly bearish, MACD has been dropping and the relative strength is now neutral. The stock is likely to slide to the $88-92 range.

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iShares NASDAQ Biotechnology Index (NASDAQ:IBB) index is showing signs of weakness. All technical indicators triggered a sell signal. I am expecting a pullback till the 330 levels.

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: ESPR, GFI, IAG, IBB, SLW

22:43 | Permalink |

Stocks to Watch for January 6, 2014

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Aegerion Pharmaceuticals, Inc. (NASDAQ:AEGR) On the daily chart, it has formed a bullish Engulfing candlestick pattern and closed above its short-term EMAs. A potential gap fill candidate. Long set-up on watch.

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Wayfair Inc. (W) : The stock is looking poised for an upside reversal off its decline from over 38 in October to around 18 in December. On the hourly chart, the stock broke the resistance of 21.50 as well as the 200EMA with volume. Initial target is 24 with a tight stop around 21.40

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Royal Gold, Inc (NASDAQ:RGLD) is positioned for an upside breakout. Go long on the break of resistance around 66.56. Among oscillators, the RSI is currently at 53 levels and is in buy mode showing positive momentum. Additionally, the MACD is showing positive crossover.

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The stock price movement in the last couple of days indicates that OXiGENE Inc (NASDAQ:OXGN) has formed a bottom around $1.50. A move to the $2-2.15 range appears likely, however the stock needs to take out the 50-day exponential moving average first.

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IAMGOLD Corp (NYSE:IAG) after nearly four weeks of consolidation in the 2.20-2.75 area, the stock broke out today. This break confirms a short term trend reversal and the beginning of new momentum.

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BlackBerry Ltd (NASDAQ:BBRY) Nice bullish hammer setup on daily chart. The big movement in the past few weeks tells me to be patient. Overall uptrend still intact.

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: AEGR, BBRY, IAG, OXGN, RGLD, W

22:21 | Permalink |

Stocks to Watch for September 2, 2014

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Wynn Resorts, Limited (NASDAQ:WYNN) closed last trading session of the month at 192.88, loosing 1.99% with 2 million shares traded. The stock has broken the key support at 193, confirming persistent selling pressures. Daily technical indicators are bearish with MACD below its signal line and falling deeper in negative territory. I expect more downside, with a target of 185. Short setup.

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MGM Resorts International (NYSE:MGM) Interesting potential short setup developing here. The failure to break the resistance area between 25 and 25.50 (50EMA) coupled with the break of the support at 24.50 favour the start of a new short-term phase of weakness. Key supports are at 23.98 and 22.52

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Activision Blizzard, Inc. (NASDAQ:ATVI) The stock shows signs of recovery with its recent up move supported by short-term EMAs and momentum indicators. 23.79 next breakout watch.

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IAMGOLD Corp (NYSE:IAG) is still coiling just under the 200-day EMA and appears about ready to make a new breakout soon. Hold the stock with a stop at $3.81 (100-day EMA).

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Duke Realty Corp (NYSE:DRE) Watching 18.80 area for a range break.

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Gramercy Property Trust Inc (NYSE:GPT) The above chart shows an ascending triangle formation on daily. Watching 6.26 area with 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

Labels: ATVI, DRE, GPT, IAG, MGM, WYNN

20:35 | Permalink |

Stocks to Watch for July 10, 2014

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Rackspace Hosting, Inc. (NYSE:RAX) broke and closed below the key EMAs 50 and 100 on decent volume today. This is a bearish development paving the way for weakness to 33. Both the MACD and RSI indicators have given bearish signals, which also confirms the bearish price action. Short setup on watch.

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DARA Biosciences Inc (NASDAQ:DARA) closed the day gaining over 5% on solid volume. The stock has started to bounce and seems to be ready for another run up. Some technicals are turning up here. Further strength above 1.34 opens the door to 1.52. Put her on your radar.

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BlackBerry Ltd (NASDAQ:BBRY) share price continues to show lot of strength. Let the profits run.

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United Parcel Service, Inc. (NYSE:UPS) Keep this Cup with Handle on your watch list. Breakout watch over 104 on volume.

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IAMGOLD Corp (NYSE:IAG) Rallied hard Wednesday on heavy volume. If it clears back over 4.19 (200EMA) may have some good upside.

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SanDisk Corporation (NASDAQ:SNDK) showed relative weakness today. The stock is trading just below its 9-day moving average but is still trading above its 20 and 50-day exponential moving averages. Although the medium/long term trend is still bullish, both the RSI and MACD indicators have given early bearish signals (negative divergences) to suggest a stock price correction.

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, DARA, IAG, RAX, SNDK, UPS

22:17 | Permalink |

AC Investor Blog

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

Tuesday, July 05, 2016

Stocks to Watch for July 06, 2016

Saturday, May 07, 2016

Stocks to Watch for May 09, 2016

Saturday, April 30, 2016

Chart setups to keep an eye on next week

Saturday, July 25, 2015

Here are a few setups to watch next week on the long side - I will be on vacations

Monday, April 27, 2015

A few setups to watch on April 28, 2015

Monday, January 05, 2015

Stocks to Watch for January 6, 2014

Monday, September 01, 2014

Stocks to Watch for September 2, 2014

Wednesday, July 09, 2014

Stocks to Watch for July 10, 2014

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