Stocks to Watch for October 17, 2013
( click to enlarge )
Wednesday's high volume breakout, could be the start of a nice squeeze higher for Lihua International Inc (NASDAQ:LIWA). Over 7% of float is short (15 days to cover). The stock had a large spread and volume, successfully breaking several resistances lines at 5.21 and 5.37. Also worth noting is the stock price which is now above all major exponential moving averages. Looking at the technical indicator MACD, the MACD is now above the zero line and the AC/DT is turning UP, both signs also indicate strength in the stock. Look for a quick run to $5.9 then on to $6.45
( click to enlarge )
I had this China stock on my watch list and it did not disappoint today. Congrats everyone who bought Gulf Resources, Inc. (NASDAQ:GURE) when I put out an alert on twitter this morning.
( click to enlarge )
Gevo, Inc. (NASDAQ:GEVO) The decline over the last weeks occurred on lower volume and the stock is firming around 1.80. Technically, the stock still in downtrend in short-term but at this level is showing some resistance to move down. Sustained move above the 1.88 level could signal development of a new uptrend. GEVO looks like it is gonna squeeze some shorts to me. The current days to cover is 19.8 and the Short Percent of Float is 26.05%. Let's keep an eye on it.
( click to enlarge )
Krispy Kreme Doughnuts (NYSE:KKD) Looks like it could be forming an Inverted Head and Shoulders pattern, if so a break of the neckline of 23.53 would give upside target of 28.
( click to enlarge )
Looking at the technical daily chart of Superconductor Technologies, Inc. (NASDAQ:SCON), the stock price is quickly approaching a BIG breakout if the stock can manage to trade above $1.82. A strong volume move above that level, could set the stock up to retest its August highs of $2.23. Momentum picking up with MACD climbing and RSI rising. The stock has a gap to be filled between 2.25 and 2.50.
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
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: GEVO, GURE, KKD, LIWA, SCON
| Permalink | 
