Small cap stocks start waking Up - Potential Bottom In Place
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Iconix Brand Group Inc (NASDAQ:ICON) saw its shares surged almost 39% to $1.73 per share yesterday after the company announced a debt exchange and a new deal with Target. Its daily technical chart show some bullish signals as KD is now going up and the stock breaks above the EMA50 for the first time since October 2017. Traders should maintain a bullish bias and watch for some consolidation over the short-term. As long as the stock stays above the EMA50 on a closing basis, remain on the long side.
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Net Element International Inc (NASDAQ:NETE) stock price has been flagging in recent days below its major EMAs. This is getting setup for a big move. If the buying continues this stock could easily see $8.43 or better by weeks end. With such a low float and high short interest, we could get an explosive move higher. MACD indicator is also curling, a very bullish signal. Keep it on your radar.
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Clean Diesel Technologies, Inc. (NASDAQ:CDTI) this stock continues to gain momentum and technicals are screaming for a breakout. I'd add it to your watchlist and keep a close eye on the volume. Im long.
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Finjan Holdings, Inc. (NASDAQ:FNJN) closed near the highs after an impressive trading session. This rally has more room to go and momentum seems to be picking up. Immediate resistance 2.7
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Ceragon Networks Ltd (NASDAQ:CRNT) Big breakout on heavy volume. Watch for continuation. Buyable on pullbacks to pivot.
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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Orexigen Therapeutics, Inc. (NASDAQ:OREX) this stock looks to have bottomed short-term and could post an explosive move higher due to the extreme oversold conditions.
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: CDTI, CRNT, FNJN, ICON, NETE, OREX
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