AC Investor Blog

Stocks to keep an eye on April 29, 2015

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58 com Inc (NYSE:WUBA) broke the rising wedge chart pattern to the downside (bearish reversal) that was previously published here on decent volume. A retracement to 71.06 (13EMA), 70 or 66.54 seems likely. The technical indicators are also supporting a possible correction.

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Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) stock has broken out of a major resistance area that targets a move to 14 in the short-term. If it can clear this big resistance hurdle around the $14 level a rally to retest of $15.30 or more appears possible.

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Medivation Inc (NASDAQ:MDVN) failed to close above the resistance level of $129 (13 & 20EMAs). This resulted in a sharp drop today. The recent price patterns suggest that the downward move could continue. A decline to the 118-115 range appears likely. A close below $115 would impart further weakness and would push the stock to the $106.59-110 range.

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BlackBerry Ltd (NASDAQ:BBRY) Lets take a look at BBRY’s activity in the light of the recent successive price increases. Looking at the daily technical chart, we can see that the stock is positively reacting to the recent events. It is still consolidating as seen from the intertwining of the 3 major exponential moving average lines. The good side of this stock technically is that the MACD is still rising above the "0" line and RSI above its 50% level, so this stock is still bullish for now even if it is still consolidating. Keep an eye for a possible breakout over 10.46

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500 com Ltd (NYSE:WBAI) The stock has failed around the strong resistance at 18 again and the daily MACD is about to trigger a sell signal. You know my opinion about the funfamentals of this company. Technically, the trend is reversing to the downside.

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, MDRX, MDVN, WBAI, WUBA

22:37 | Permalink |

Stocks to Watch for May 22, 2013

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Cell Therapeutics Inc (NASDAQ:CTIC) broke out a major resistance line today on heavy volume and I expect another strong move tomorrow. Today’s high was $1.43, which is resistance for the follow through move on Wednesday. If the stock does break resistance, expect to see another strong upside move. Looking at the technical chart there looks to be more room in this move, so watch the stock closely over the next few days.

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LinkedIn Corp (NYSE:LNKD) parabolic SAR and MFI are declining. The MACD is slightly positive but continues to fall, so my bias is down.

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Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) Strong volume last week. Looks ready to breakout this week. Keep an eye for a possible breakout over $14.24.

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OpenTable Inc (NASDAQ:OPEN) broke out of a cup with handle pattern today accompained by a strong volume suggesting higher levels. The technical daily 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. I suspect the stock may continue to appreciate over the coming days.

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ITT Educational Services, Inc. (NYSE:ESI) I took a short position in the stock when it was at 28.21. Over the past 2 months, the stock has risen 150%. If we look at the chart, the stock has a strong resistance at around 28.85 and the rsi shows extreme overbought levels. I think that the stock looks overextended in the short term and a pullback is more than likely going to happen relatively soon.

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: CTIC, ESI, LNKD, MDRX, OPEN

22:18 | Permalink |

Wednesday March 27th watchlist

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Marriott International Inc (NYSE:MAR) is again setting up for a potential swing trade. Breakout watch over 41.59. From a technical perspective the MACD Histogram and stochastic oscillator have turned up and RSI is again moving upward.

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Pfizer Inc. (NYSE:PFE) Broke through resistance at 28.5 today. Looks good for higher prices. Stop 28.02

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Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) Big momo stock. Consolidating here, play the line it breaks on heavy volume.

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Weyerhaeuser Company (NYSE:WY) Keep this Cup with Handle on your watch list for the breakout.

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Elan Corporation, plc (ADR) (NYSE:ELN) Stock price broke back above the 20-day MA on solid volume. Poised to take out the resistance at $12. Stop 11.32

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Vipshop Holdings Ltd - ADR (NYSE:VIPS) may be setting up to make new highs. Next buy area is when the stock clears 30.23 on heavy volume. Stop 26.7

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: ELN, MAR, MDRX, PFE, VIPS, WY

22:17 | Permalink |

Hot stocks - Allscripts-Misys Healthcare Solutions and Hewlett-Packard Company

Chart courtesy of www.stockcharts.com ( click to enlarge )

MDRX broke out to a new all-time high today, accompained by a strong volume suggesting higher levels. The consolidation and compression that has been going on in the last four weeks is very healthy. 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. I suspect the stock may continue to appreciate over the coming days.

Chart courtesy of www.stockcharts.com ( click to enlarge )

HPQ remains one of the hottest stocks on the market. The stock has been in a nice uptrend for the last two weeks and it looks very strong with both 50 day and 200 day moving average going up while K line is on top of D line. HPQ is now on the overbought level, so this means a possible correction is near. This may give us a chance to jump in on the stock when it moves lower. HPQ is a stock to keep an eye on for awhile.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's all Folks. See you tomorrow !!

AC

Labels: HPQ, MDRX

21:32 | Permalink |