AC Investor Blog

Chart Setups for Week of January 25th, 2016

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Chimerix Inc (NASDAQ:CMRX) Today I am giving readers a play that I have alerted in the past and had several times double digit gains in one day. I rarely alert the same stock more than once in a short period of time but CMRX is set up so perfectly I can not resist. As you could see by the daily technical chart above, the stock has the potential to witness a significant uptick. In the short-term, it has formed a small bullish flag. Breaking above 9.12 will signal the breakout of this flag formation pushing the stock towards 9.72. With a break of this key resistance point, the chart then enters into Blue Sky Breakout territory (HUGE GAP) and future resistances are not until way above. From a technical standpoint, money flow indicators starting to turn upward and MACD is gaining traction. RSI is also significantly oversold, which suggests a rally could be coming up. Plus, insiders and institutions have been buying. In my opinion and based on the chart, the stock is set for a big move next week. Be sure to get it on your radars. Im long and my stop is located at 7.49.

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KB Home (NYSE:KBH) rebounded on solid volume Friday. Gonna have to watch it carefully on Monday to see if we have hit bottom and should grab some for the ride back up. Daily technical indicators are displaying positive divergences. Slow stochastic is moving up from the oversold zone, suggesting that a bounce might take place and the daily RSI is giving the same signal. Watch the stock closely next week.

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Apple Inc. (NASDAQ:AAPL) had a big pop on Friday and the stock price finally broke out of the descending channel that has been forming since the beginning of the December 2015, which is very bullish. The technical daily chart appears to be bottoming with indicators pointing to short-term reversals. I feel that this stock can easily run to 106's in the near term. Note: Next week the company will report earnings and this technical outlook could change quickly.

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Facebook Inc (NASDAQ:FB) not only broke the descending channel formation on the daily chart, it also managed to reach the $98 zone yesterday. Important to see how this acts over the next few days. The daily technical chart is displaying positive divergences on momentum indicators and with the stock in oversold territory these are the perfect conditions for a short-term rally. The Relative Strenght Index has reversed the course and the daily MACD is starting to curl up, suggesting that a positive crossover could be coming soon. Note: Earnings Jan 27 AMC

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Juniper Networks, Inc. (NYSE:JNPR) has sold off over the past few months but looks to have found a bottom. The stock closed up 48 cents Friday on good volume. Daily MACD also gave a buy signal last week. Let's keep an eye on it as i think momentum will pick up. First upside target of $27

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Macy's, Inc. (NYSE:M) Will continue to watch this stock. Nice gap to fill if it can break through resistance.

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VirnetX Holding Corporation (NYSEMKT:VHC) struggling to breakout. The stock has been under strong accumulation lately and is now working its overbought condition. There is a need for profit taking for some consolidation from these high levels. The short-term outlook remains positive as long as the stock stays above the 9 & 13 EMAs. On watch for a clear of resistance (declining 200EMA).

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Kinder Morgan Inc (NYSE:KMI) had a very bullish move last week breaking several resistance lines with large volume and we should see a continuation move next week. The daily MACD chart is still showing an uptrend with the MACD indicator above its signal line and is indicating further strength. The RSI value is currently above 50% level. The short-term trend is bullish and a move to the 16.5/17.2 range appears likely. On watch.

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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: AAPL, CMRX, FB, JNPR, KBH, KMI, M, VHC

11:13 | Permalink |

Stocks to Watch for July 18, 2014

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Medivation Inc (NASDAQ:MDVN) An aggressive trader may want to short this stock here. The fall in the stock has been extended by the violation of the support line at $73.79 and as long as the stock price trades below this key moving average, the bearish trend will prevail. The next key support level is located at $67.32.

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The stock outlook has deteriorated significantly over the past sessions. Shares of InterDigital, Inc. (NASDAQ:IDCC) are likely to drift lower to test its immediate support line at 43.47. If that support failed, it will test the next support at 39.80.

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Juniper Networks, Inc. (NYSE:JNPR) The stock is on the verge of a potential breakdown. Medium-term indicators remain pointing down.

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Adobe Systems Incorporated (NASDAQ:ADBE) shares closed on Thursday below the 20-day exponential moving average for the first time since May. It could easily be sent down to its support around 69. From the technical chart, both MACD and RSI show bearish signs. In the short term, I see no reason to buy the stock. Only a close above $74 would impart positive momentum.

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Amkor Technology, Inc. (NASDAQ:AMKR) if the stock breaks the support of 10.38 then next support level is seen around 9.16

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: ADBE, AMKR, IDCC, JNPR, MDVN

23:05 | Permalink |

Six trading ideas for next week

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Shares of Apollo Education Group Inc (NASDAQ:APOL) are in a bearish trading condition. The fall in the stock has been extended by the violation of its 200-day EMA at $27.75 and as long as the stock trades below this key daily moving average stay bearish, this bearish trading condition will prevail. The stock has a strong support in the level of 26, but any close below this level could start a new sell off. Indicators continue to look weak. The technical indicator MACD is in negative zone and below the signal line and the RSI is below the 50% level. Bears are in control.

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Juniper Networks, Inc. (NYSE:JNPR) Friday's big reversal on heavy volume, created a bearish engulfing candle on the daily chart. Look for a move to 23.81/23.55 and if it breaks watch out.

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Netflix, Inc. (NASDAQ:NFLX) The stock has gone up too much and too fast. The fundamentals of this company do not justify the current share price, in my honest opinion. It is currently trading with a P/E of 157. From a technical standpoint, the stock has touched a strong resistance zone on Friday and could head sideways to downwards next week. In addition, the RSI on daily chart has entered in the overbought territory, which means that the bias could be to the downside. The insiders have been bearish about the stock with very heavy selling since the start of the year.

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Trinity Industries Inc (NYSE:TRN) is another overextended stock that looks vulnerable to a sharp correction. On Friday, the stock gave the first signal of weakness, making a new year high but closing on the low on higher volume. Daily chart momentum oscillators are overbought with signs of bearish divergence, indicating that long positions should be avoided.

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Himax Technologies, Inc. (NASDAQ:HIMX) Technical daily chart looks really bad. Friday's drop was on heavy volume again and the stock closed near the major support. There is a good chance to see $5.50 or even much lower price if the stock price fails to hold this key support area in next few sessions.

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Nokia Corporation (NYSE:NOK) has been in a large bullish consolidation over the last seven months and appears ready for another breakout. 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: APOL, HIMX, JNPR, NFLX, NOK, TRN

15:25 | Permalink |

Stocks to Watch for August 19, 2013

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Juniper Networks, Inc. (NYSE:JNPR) broke the uptrend-line in place since April by a good amount of selling and MACD formed a lower low. Technicals are bearish. The near‐term risk for stock is a test down through the psychological level of 20, followed by the 200-day EMA at 19.44. On the other hand, resistance levels are seen at the 9-day EMA line at 20.99 and then at 21.20.

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Amarin Corporation plc (NASDAQ:AMRN) has been under a buying pressure in the last few days and overall the stock still looks healthy. The technicals look good, as seen in the daily chart above. The RSI indicator sloping up and crossing the 60% level and MACD about to cross above the zero line, which indicates a change in trend from the downswing. AMRN still has a chance to move higher from here. Next buy area is at 6.25.

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Himax Technologies, Inc. (NASDAQ:HIMX) remains inside of an ascending triangle pattern and may head higher or lower from here. Any break below the 5.90 is considered very bearish. Technical indicators are showing signs of weakness. The MACD is positive but below its signal line and RSI has moved below its 50% level.

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Sirius XM Radio Inc (NASDAQ:SIRI) should be watched closely here. The pullback below the short-term support level at 3.73 "EMA20" accompanied by a bearish MACD crossover, suggests that the selling pressure is increasing and the stock might test 3.6/3.62 levels in the short term.

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Albany Molecular Research, Inc. (NASDAQ:AMRI) Not a pretty picture. In downtrend mode. AD is decreasing, which means the stock price will probably go down ( stock is being distributed ).

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Chesapeake Energy Corporation (NYSE:CHK) attempted a move higher on Friday but was sent back into the bullish pennant. The stock still has a chance to move higher from here. Keep an eye on it for a possible breakout.

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: AMRI, AMRN, CHK, HIMX, JNPR, SIRI

08:18 | Permalink |

Stocks to Watch for August 12, 2013

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Zillow Inc (NASDAQ:Z) looks good as it breaks to new highs. Looking at the technical daily chart above, it shows very strong upward momentum as the stock is above the 50-day exp moving average with both 20 day and 50 day exp moving averages going up. In addition, AC/DT and MACD also show very bullish signs. I'm a buyer of Z once it breaks through Friday’s high of $97.29 for the continuation move with a stop at 88.02. The immediate support is at $85.66. Watch it closely on Monday.

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Juniper Networks, Inc. (NYSE:JNPR) dropped through the lower line of the small triangle on heavy volume, after disclosing that it’s being investigated for possible violations of the U.S. Foreign Corrupt Practices Act. JNPR should be headed lower from here.

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Intel Corporation (NASDAQ:INTC) has more resistance above then support below. I am watching to see if the stock breaks lower here or if it will attempt to make a push to the $23 area again.

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Central European Media Enterprises Ltd. (NASDAQ:CETV) is still consolidating within a large ascending triangle on the daily chart and may still have a chance to move higher. I suspect that it will explode to the upside soon.

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Facebook Inc (NASDAQ:FB) looking at the chart above is hard to intepret the next possible move. Furthermore, it is moving really slow now. Entry point would be on the day it blows through $39.32 on heavy volume.

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AudioCodes Ltd. (NASDAQ:AUDC) looks poised to break out of this bull flag on the daily chart. Watch for a break out over 5.15

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Oi SA (NYSE:OIBR) is looking quite good here for higher prices IMO. Buy point would be right around $2 with a target of about 2.29.

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: AUDC, CETV, FB, INTC, JNPR, OIBR, Z

08:28 | Permalink |

Wednesday's Stocks to Watch, Aug 8

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Juniper Networks, Inc. (NYSE:JNPR) was a stock I alerted to my subscribers/twitter followers last month as a bottom trade at $15 ( Stocks to watch on Thursday July 19 ) and is now coming up to a big level as the stock is near its 200-day moving average. The short term technicals are now reading overbought and the likelihood of a pullback cannot be ruled out in the near term, before any further upside to $20. For those who did not have a chance to buy the stock, any pull back is your buying opportunity.

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Louisiana-Pacific Corporation (NYSE:LPX) made a new 52-week high of $11.84 after gaining nealry 3.5% in yesterday's trading. The 52-week range for LPX is 4.41-11.84. The stock trend looks really positive and could move up further with resistance at $12. Immediate support is at 11.2-11 levels now. From a technical standpoint the stock is trading above all of three major moving averages while the MACD is positive and rising. Long Setup.

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Clearwire Corporation (NASDAQ:CLWR) has been on a remarkable run since last week. The medium term trend is turning positive as the stock is back above 50 day moving average. However, since RSI is overbought level there may be chance of short correction and for now $1.6 level will be hard to break.

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From a technical standpoint chart shows a nice bullish stochastics cross combined with a strong bounce off the 50-day MA. This chart tells you that the place to be in Weatherford International (NYSE:WFT) is on the long side.

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: CLWR, JNPR, LPX, WFT

09:11 | Permalink |

Stock Trade Ideas For Friday August 3

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Symantec Corporation (NASDAQ:SYMC) - Today's action gave us another green day and we closed right at the 200-day MA line at 16.33. If we break then we could see 17 to 17.5 ranges in the short term. Support at 15.35 below.

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The short-term outlook for Juniper Networks, Inc. (NYSE:JNPR) is bullish. Fresh long should be made only when the stock closes above $18 with an up candle. We need a consistent move above this level to continue the bullish scenario testing $20.22 ( 200-day moving average ).

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Ocwen Financial Corporation (NYSE:OCN) broke out on huge volume. The stock closed up $2.21 today and looks poised to make another move on Friday. If the stock breaks through today’s high of $21.94, I will enter for a trade. The technical chart above shows the stock is on a strong bull market as the stock is trading above 50-day and 200-day moving with both moving average pointing upwards. I will watch the stock closely on Friday and buy once it breaks through resistance.

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Clearwire Corporation (NASDAQ:CLWR) has gained momentum recently and the stock rebounded about 35% in the past couple of trading sessions on increased volume. Today, the stock closed at its critical breakout point of 1.23, which may be broken out soon. If the stock crosses this hurdle, it has potential to gain 10-15%.

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CapitalSource, Inc. (NYSE:CSE) had a good session, up 1.46% to 6.97, closing above its resistance area that has contained prices over the last four weeks. Today's break suggests a continuation of the upmove.

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: CLWR, CSE, JNPR, OCN, SYMC

22:47 | Permalink |

Stocks to watch on Thursday July 19

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Daily chart shows an ascending triangle in formation in Quanta Services (NYSE:PWR). Decreasing volumes & increasing RSI adds strength to the pattern in formation. The stock is a buy on a break above $24.25 if you are looking for a trade.

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Paychex, Inc. (NASDAQ:PAYX) hit a new 52 week high. Resistance is $33.4, which was Wednesday’s high of the day. The technical chart shows the stock is in a strong bull market both 50-day and 200-day moving averages rising and MACD above signal. Keep PAYX on your radar for Thursday.

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Juniper Networks, Inc. (NYSE:JNPR) made a strong upside reversal on Wednesday, printing a bullish engulfing candle on strong volume. The technical chart above suggests that stock might find now resistance at $16.5. I'm watching for a follow through move on Thursday.

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Seagate Technology PLC (NASDAQ:STX) continues to show strength as the stock closed up $.76 on Wednesday. The short-term outlook is bullish. Fresh long should be made only when the stock closes above 28.

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: JNPR, PAYX, PWR, STX

08:53 | Permalink |

Five Stocks to watch Friday

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Netflix, Inc. (NASDAQ:NFLX) seems to be a promising stock to follow in the coming sessions. NFLX had a large spread and large volume today successfully breaking several resistances lines at 75 and 79.3. Also worth noting is the price which is now above the 20 and 50-day moving averages. This denotes strength for the stock. Looking also at the technical indicator MACD, the MACD is now above the zero line and the MACD Histogram still rising, both signs also indicate strength in the stock. Additionally, the RSI has entered into the overbought territory. As of current $83 is a resistance that needs to be taken out, then afterwards 90.

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Juniper Networks, Inc. (NYSE:JNPR) was flat today. A close above $16.20 would be very bullish. If this resistance is broken on a close basis, there is a possible upside of up to 17-17.50.

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DryShips Inc.(NASDAQ:DRYS) has just closed above its 50-day moving average and is almost touching its 200-day moving average. The short-term uptrend is intact and signals further bullishness on this stock.

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The recent pull back created a great buying opportunity. The stock closed again above $11 and is registering a new buy signal in the daily time frame. Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) continues to be volatile. The stock is the hottest stock in 2012 and will have resistance up at $11.99 now.

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LeapFrog Enterprises, Inc. (NYSE:LF) broke out to record highs today on heavy volume confirmation indicating that this breakout is more likely to be real. The stock is in a very strong bullish mode with MACD on top of signal and %K line on top of %D line, both showing buy signal. In the next sessions, we probably will see more positive action coming from the stock.

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: ARNA, DRYS, JNPR, LF, NFLX

22:36 | Permalink |

AC Investor Blog

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

Saturday, January 23, 2016

Chart Setups for Week of January 25th, 2016

Thursday, July 17, 2014

Stocks to Watch for July 18, 2014

Saturday, May 31, 2014

Six trading ideas for next week

Saturday, August 17, 2013

Stocks to Watch for August 19, 2013

Saturday, August 10, 2013

Stocks to Watch for August 12, 2013

Wednesday, August 08, 2012

Wednesday's Stocks to Watch, Aug 8

Thursday, August 02, 2012

Stock Trade Ideas For Friday August 3

Thursday, July 19, 2012

Stocks to watch on Thursday July 19

Thursday, July 05, 2012

Five Stocks to watch Friday

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