AC Investor Blog

Stocks to Watch for January 27, 2014

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I alerted readers and twitter followers to Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA) as a possible breakout play several times last week. After drifting for weeks, the stock finally broke out of a consolidation with a large volume on Friday and reached a new three-month high. Due to the overbought readings I took profits and will wait for a pull-back to reenter.

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WidePoint Corporation (NYSEMKT:WYY) slumped again on Friday, hitting its lowest level in more than four weeks. The stock closed just above the 1.42 level 50EMA. I believe now is the time to start trying to catch this knife with a tigh stop loss. Some technical indicators such as CMF and A/D remain strong. Any bounce from here could move to 1.75. Let's see if that happens on Monday. The potential growth of the company is very attractive.

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Zogenix, Inc. (NASDAQ:ZGNX) stalking. I would like to see this stock close over 4.55 before getting involved. Both MACD and RSI are not showing any signs of weakness yet. As long as the stock trades above $4.17 EMA13, the short-term trend is considered intact.

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Superconductor Technologies, Inc. (NASDAQ:SCON) is pulling back on low-volume. I'm currently accumulating the stock. OBV indicator remains pointing upward.

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Oncolytics Biotech, Inc. (NASDAQ:ONCY) is forming a rounding-bottom on the daily chart. This is a medium-term reversal pattern. 1.74 EM9 zone keeps holding the upside. Technical indicators have turned slightly bullish with MACD crossing over the zero-line. 1.91 level in the daily seems to be capping the upside for now. A clear break above this level should take the price up to 2.2-2.30 area. Long setup.

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Microsoft Corporation (NASDAQ:MSFT) Broke out of the downtrend line in place since December as well as its 50-day EMA yesterday. The strong volume that accompanied the breakout is very bullish for the stock. The MACD has just issued a buy signal. The push should continue for the days, if not weeks ahead. Worth watching next week.

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Vringo, Inc. (NASDAQ:VRNG) Potential breakout play next week. Watching over 4 with resistance at 4.14. The MACD has inched higher and moved away from the zero line, which is very Bullish. Keep it on watch.

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Keryx Biopharmaceuticals (NASDAQ:KERX) is on my watch list for next week. The stock price can potentially set-up well for a swing-trade, if it breaks through the key resistance level at 16.18.

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: ARIA, KERX, MSFT, ONCY, SCON, VRNG, WYY, ZGNX

11:20 | Permalink |

Stocks to Watch for December 02, 2013

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Molycorp Inc (NYSE:MCP) looks like it has bottomed IMHO. The stock price broke the $4.73 resistance level Friday on decent volume and could eventually rally up to test the 5.25-5.40 resistance zone. The technical daily indicators are looking mildly bullish. The MACD is currently negative, but rising above its signal line and the RSI has climbed out of its oversold zone. Keep MCP on your radar going forward. Stop 4.51

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Keryx Biopharmaceuticals (NASDAQ:KERX) Friday's close confirms a trend change in short-term. Let’s see whether the stock can gather enough momentum to break through $14.75.

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Melco Crown Entertainment Ltd (NASDAQ:MPEL) has been slowly gaining some traction amid light buying pressure the last few days. A break through this 35.88/36 area could accelerate it higher.

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Grupo Televisa SAB (NYSE:TV) is consolidating and might be getting ready to move higher. Look for break above $31 to enter longs.

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Quest Rare Minerals Ltd Common Shares (NYSEMKT:QRM) is on bottom watch. Based on the chart, this stock has declined to the point of becoming a good bottom play, at least a 35% bounce in my opinion. The recent volume and buying action, seems to support this view.

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Novavax, Inc. (NASDAQ:NVAX) had a nice break out on Friday and rose over 4%. If the stock can sustain this strong momentum $4 is not out of the question next week. Keep it on your radar over the coming days.

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Himax Technologies, Inc. (NASDAQ:HIMX) pulled back on Friday under some profit taking. In my opinion, there is here an opportunity for additional gains with a run over $10.5 not out of the question.

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: HIMX, KERX, MCP, MPEL, NVAX, QRM, TV

21:37 | Permalink |

Stocks to Watch for May 14, 2013

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Shares of Tesla Motors Inc (NASDAQ:TSLA) closed the day gaining more than 14% to a new historic mark for stock at $87.83, near the highs of the day at $87.87. The stock has been on one of the most amazing runs of this month. At the present level the stock is incredibly extended, anyway TSLA is now seeing blue skies as there is no resistance overhead. I'm bullish on TSLA, but in situations like this (extreme overbought conditions) I prefer to wait for a pull back, rather than chase the market.

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VIVUS, Inc. (NASDAQ:VVUS) broke horizontal resistance line and looks ready to test the EMA200 at 14.25. With a short interest of over 28 million shares, there is the potential for a squeeze.

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ParkerVision, Inc. (NASDAQ:PRKR) broke out to a new 52-week high today accompained by a strong volume suggesting higher levels. The technical chart still showing a bullish bias. KD line shows positive signs as %K line is rising on top over %D line and RSI continue moving up. The MACD has also formed an upside cross. I suspect the stock may continue to appreciate over the coming days.

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FormFactor, Inc. (NASDAQ:FORM) looks like it is getting ready to break out.

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Zynga Inc (NASDAQ:ZNGA) Strong Bullish candle on high volume. Looks like higher prices to come. Next resistance lies at 3.63

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Keryx Biopharmaceuticals (NASDAQ:KERX) Another buy point for KERX is at 8.77

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: FORM, KERX, PRKR, TSLA, VVUS, ZNGA

22:39 | Permalink |

9 Technical Setups for the Week Ahead

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Research In Motion Ltd (NASDAQ:BBRY) As you can see from the chart above, the short-term outlook is sideways, while the 200-day exponencial moving average still supports. The medium-term outlook is bullish and my model is long. BBRY has the opportunity to start new rally as %K line is again back above %D line. If it breaks above 14.21, then it can easily climb to 16 or above.

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Google Inc (NASDAQ:GOOG) crossed its immediate resistance on Friday. It has a good base at $760 which can be used as a stop loss for long position. On the upper side, the move is likely to accelerate above $809. Long setup.

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InterDigital, Inc. (NASDAQ:IDCC) closed below its 200-day exponencial moving average at $40.45 again. Generally, this is a bearish indication. Only a close above this key level would suggest recovery.

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Very bullish action on Celldex Therapeutics, Inc. (NASDAQ:CLDX) this week. The stock firmed around 12-12.3 and then broke out with two days of high volume. Looks good for higher prices.

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Keryx Biopharmaceuticals (NASDAQ:KERX) looks like it is getting ready to move. The stock had a nice move on Friday and I am looking for it to continue next week. I am buying KERX once it breaks above Friday’s high of $8.06 on the continuation move. 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 averages with both pointing upwards.

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Rigel Pharmaceuticals, Inc. (NASDAQ:RIGL) is screaming for a bounce opportunity and I think we can see some nice moves next week. Keep on watch.

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Lions Gate Entertainment Corp. (USA) (NYSE:LGF) is trading near its all time high. Buy only when the stock breaches $24.15. Once the stock breaks this level, we should see a strong upside move. LGF will move very quickly, so keep the stock on your screen throughout the day on Monday.

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The chart of Pharmacyclics, Inc. (NASDAQ:PCYC) is now much improved after Friday’s action. The stock starts showing buy signals again. The MACD has reversed again the course and stock finally closed above its 13-day exponential moving average, usually this is a short-term Bullish signal. Wait for it to break 78.45 on heavy volume or buy on the pullbacks above 71.85 with it as a stop.

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Santarus, Inc. (NASDAQ:SNTS) Keep an eye on this one, looks poised to break out and run higher.

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, CLDX, GOOG, IDCC, KERX, LGF, PCYC, RIGL, SNTS

18:25 | Permalink |

Stocks to Watch for April 10, 2013

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First Solar, Inc. (NASDAQ:FSLR) tweeted under $28 this morning. If you jumped in and booked your profits, congratulations !!! The stock was up 50% on the session and closed a few cents below the $40 level on heavy volume after the company announced a better-than-expected outlook for 2013, well above Wall Street estimates. Today's news could help bolster investor sentiment in the coming weeks. From a technical analysis point, the daily momentum indicator has reached overbought levels and I believe that a near-term correction is likely to happen. To add on any dip imho

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Good day today on high volume. Gevo, Inc.(NASDAQ:GEVO) closed at $2.17 back once again above its 50-day SMA, which closed at $2.16. Lots of room to the upside if it can follow through on today’s move.

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Dendreon Corporation (NASDAQ:DNDN) Seems like 4.45-4.6 area is strong support. Possible bounce in the next days.

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Microsoft Corporation (NASDAQ:MSFT) broke a key resistance line with an up-move of 3.5%, to 29.61. Volume surged and this breakout looks like it is here to stay. There looks to be good upside in MSFT, so keep it on your radar the next few days.

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Elan Corporation, plc (ADR) (NYSE:ELN) has a good looking chart. The Slow Sto has moved up from the oversold zone and the RSI is also above the 50% level, which are bullish signs. It's a buy on a break of 12.05 with solid volume. Stop 11.44.

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Keryx Biopharmaceuticals (NASDAQ:KERX) was able to break through the $7.78 resistance level and sustained the move. The stock hit a high of $8.32, which is resistance for Wednesday’s move. If the stock can break through resistance, we should see a strong follow through move. Watch the stock closely tomorrow.

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ParkerVision, Inc. (NASDAQ:PRKR) is quietly gaining momentum. Keep on watch, looks like it wants to break through this resistance to new highs.

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: DNDN, ELN, FSLR, GEVO, KERX, MSFT, PRKR

22:34 | Permalink |

7 Technical Setups to watch next week

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3D Systems Corporation (NYSE:DDD) Since the peak hit later in January, the stock has plummeted drastically, with only one major correction in February. After this correction, the stock price has continued to drop in an unprecedented manner, without much of a rest. In the process, the stock price has broken down below support level after support level, closing today below the 200-day moving average. At this point, the stock is oversold but still dangerous to touch. In the event, of a significant correction to the upside, key resistance currently resides around the 30.28 region and then the 32 region.

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Research In Motion Ltd (NASDAQ:BBRY) Stock price remains well above its moving averages and above the downtrend line. There are no reasons for concern ! Bullish setup

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Glu Mobile Inc. (NASDAQ:GLUU) had a significant bullish momentum today, breaking above its recent high on good volume. The stock is again setting up for a potential swing trade. Next resistance is located at $3.66

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Keryx Biopharmaceuticals (NASDAQ:KERX) needs to take out $7.78. The break of the resistance with heavy volume should be the next buy point on KERX.

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Shares of Bank of America Corp (NYSE:BAC) today broke out of a bullish consolidation pattern. Look for follow-through on Monday with increasing volume to confirm today's move. The technical daily chart is showing a very bullish sign with 50-day moving average on top over 200-day moving average and still rising. In addition, with MACD on top of zero and with RSI moving upward should be keep going higher.

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Oracle Corporation (NASDAQ:ORCL) is ready to break out from a cup and handle formation on daily charts. If the stock can break Friday’s high of $36.43, we should see a strong follow through move. ORCL will move very quickly, so keep a very close eye on the stock next week.

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AXT Inc (NASDAQ:AXTI) keeping my bullish bias despite the volatility. Technicals starting to improve. With 20-day MA on top over 50-day MA, MACD above 0 and KD at high level, the stock is currently in short-term uptrend.

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: AXTI, BAC, BBRY, DDD, GLUU, KERX, ORCL

21:10 | Permalink |

AC Investor Blog

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

Saturday, January 25, 2014

Stocks to Watch for January 27, 2014

Friday, November 29, 2013

Stocks to Watch for December 02, 2013

Monday, May 13, 2013

Stocks to Watch for May 14, 2013

Saturday, April 20, 2013

9 Technical Setups for the Week Ahead

Tuesday, April 09, 2013

Stocks to Watch for April 10, 2013

Friday, March 15, 2013

7 Technical Setups to watch next week

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