AC Investor Blog

Stocks to Watch for April 01, 2016

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Medivation Inc (NASDAQ:MDVN) looks strong enough to move forward. The stock broke up through the resistance at $42.75 (Declining 200EMA) on huge volume of over 16 Million shares. At this stage, further rally is still possible in next several days. The breakout signals a continuation of the prior advance. Bulls have the near-term technical advantage and gained fresh upside momentum today. Next resistance levels to watch are $48.8 and $52. The stock has the potential for a strong follow through, so watch it closely on Friday.

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Bank of America Corp (NYSE:BAC) had a bit of indecision on today's trading session and may be moving lower tomorrow. It's too early to say but the daily technical chart is displaying some bearish divergences on both the MACD and Slow Sto indicating that this stock could reverse course. The short-term uptrend line should be used as stop-loss.

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I'm still watching shares of PTC Therapeutics, Inc. (NASDAQ:PTCT) due to the recent price action, volume, and momentum. Despite the general market's weakness, the stock made an impressive turnaround and rallied almost 6% to close the day at $6.44. If the stock closes above $6.70, you could see a big turnaround in this stock.

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Infoblox Inc (NYSE:BLOX) remains high on my radar due to the recent run up on volume. The technical chart is still showing buy signal with stock trading above 20,50,100-day exp moving averages and MACD on top of 0. Keep an eye for a possible breakout over $17.30.

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Commscope Holding Company Inc (NASDAQ:COMM) The daily technical indicators are displaying good signs. Watching for a breakout soon.

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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: BAC, BLOX, COMM, MDVN, PTCT

22:10 | Permalink |

Stock setups for the coming week

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The Index broke last week the rising wedge chart pattern formation to the downside (bearish reversal) that has been formed since the February low. This fact suggests a potential bearish continuation next week testing 2007/2000 region in nearest term. Daily technical indicators are bullish but showing signs of weakness. The MACD is positive but is about to cross below its signal line. The RSI and Slow stochastic are showing negative divergences on daily by failing to touch new highs with the index. I expect the correction to continue for a few more sessions.

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Medivation Inc (NASDAQ:MDVN) is getting some buying and looks poised to post some nice gains if the buying volume persists. The stock displayed relative strength Friday and broke out above the previous high, closing the day slightly below the declining 200-day exponential moving average. From a technical perspective, the MACD is moving up showing positive momentum while KD line also show buy signal as %K line is on top of %D line. Continue to keep this stock on your radar.

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Siliconware Precision Industries (NASDAQ:SPIL) surged 10% or 80 cents to $8.17 per share on unusual volume. If the stock continues to get attention it could break the $8.25 mark next week, which would be a remarkable gain. Keep a close eye on the stock for the follow through move.

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McCormick & Company, Incorporated (NYSE:MKC) broke above previous highs of 96.20 on really good volume and finished the week at a record high. The stock hit a high of $96.46, which is now resistance for Monday’s continuation move. All exponential moving averages are below turning up for support. I like this stock for a swing trade.

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VirnetX Holding Corporation (NYSEMKT:VHC) shares are attractive since its near to the major support level (Yellow Horizontal line). As long as the support is there, I do not think its a problem to include it in your short to medium-term portfolio. I will maintain long exposure, so long as the stock stays above this support level. VHC also has about 24.4% of its shares outstanding sold short, which will produce more buying pressure as shorts run to cover, if and when the stock can break above the $5 zone. Plus, the daily technical indicators are looking better now for the stock. The MACD Histogram and RSI are showing a positive divergence, some hope that we could see a move to the upside. Keep the stock on your radar since it could make a solid move upwards. Stop $3.95

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Netflix, Inc. (NASDAQ:NFLX) On the daily technical chart, the stock seems to be forming an ascending triangle pattern, possibly suggesting extension of the recent recovery. However, some momentum indicators are showing some signs of weakness. This pattern will remain valid as long as the stock remains at or above the rising 20-day moving average, currently situated at 97.96. On the upside, the stock needs to break decisively above the declining 100-day exponential moving average in order to confirm the bullish momentum.

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Advance Auto Parts, Inc. (NYSE:AAP) Volume picking up but the stock needs to break this resistance zone first to me. From the daily technical chart KD line shows positive signals as %K line is rising on top over %D line, RSI and MACD continue moving up. Looks good but I prefer to wait for a clean breakout.

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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: AAP, MDVN, MKC, NFLX, SPIL, SPX, VHC

10:09 | Permalink |

Stocks to Watch for March 24, 2016

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Medivation Inc (NASDAQ:MDVN) did make a sharper move upwards during today's market, closing up almost 1% from yesterday's close, after rumors that Sanofi may bid for the company. The stock hit a high of $40.80 for the day, which is resistance for Friday’s follow through move. Keep the stock on your radar since it could make a strong move upwards.

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Flagging here. If SkyWest, Inc. (NASDAQ:SKYW) can break out above $19.88 with heavy volume, I think the stock could shoot up to test $21 area. There looks to be good upside potential, so watch the stock very closely.

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Energy Transfer Partners LP (NYSE:ETP) the daily price chart is showing a symmetrical triangle pattern that can break either to the upside or the down side. Play accordingly.

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Rentech Nitrogen Partners LP (NYSE:RNF) could be in the early stages of a technical breakout. Go long on the break of Thursday’s high at 10.65

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NVIDIA Corporation (NASDAQ:NVDA) hit a new 52 week high and closed above resistance. As long as the stock stays above the rising 20-day EMAs it is still safe to hold long positions.

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: ETP, MDVN, NVDA, RNF, SKYW

21:30 | Permalink |

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 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 |

Stocks to Watch for January 7, 2014

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Medivation Inc (NASDAQ:MDVN) had a very bullish momentum today, broke and closed above $65. Looks like it is getting ready for a new breakout. Watch this stock price as it approaches the major resistance area. All technical indicators are bullish.

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Arca Biopharma Inc (NASDAQ:ABIO) could be in the early stages of a technical breakout. If the stock price can break through 1.77 (200EMA), expect to see heavy volume drive the stock higher. Momentum indicators are bullish. The MACD is positive and above its rising signal line. Both the RSI and slow stochastic are above their 50% levels. Technically, my model remains long, targeting $2.

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BlackBerry Ltd (NASDAQ:BBRY) After consolidating sideways the last few sessions with an upward bias, the stock price broke out upwards today, accompanied by a volume surge. Looks good for higher prices. Next stop 8.45 then 9.44

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DryShips Inc. (NASDAQ:DRYS) It will be interesting to see tomorrow, if the strong support of $4 holds, if not, the downtrend may continue.

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Tetra Tech, Inc. (NASDAQ:TTEK) Volume starts to pick up. Could make a nice move to the upside. A break and hold 28.25 could lead to a substancial gain in shares.

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Facebook Inc (NASDAQ:FB) ended the day 4.84% higher at $57.2 on above average volume. It broke through the $55.4 resistance and looks poised to make new highs this week. From the technical chart, the MACD and RSI both signal positive strength. The AC/DT line also confirms buying pressure. The stock price is trading above both 50-day and 200-day EMA and 50-day EMA is on top of 200-day EMA heading upwards. Long setup.

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: ABIO, BBRY, DRYS, FB, MDVN, TTEK

22:46 | Permalink |

Stocks to Watch for September 20, 2013

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Gulfport Energy Corporation (NASDAQ:GPOR) could break out again very soon. I will keep my eyes on it. Stay tuned.

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Navios Maritime Holdings Inc. (NYSE:NM) This pattern is looking quite good here for higher prices. The next buy/add point would be when it breaks over 7.56 on heavy volume.

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Arca Biopharma Inc (NASDAQ:ABIO) After over 3 months of remaining below its 50-day EMA, the stock could be in the early stages of a big rally. Today it moved higher, ending the day at $1.45 with strong volume. Next key resistance is now located at $1.60 (EMA100), a break above this level will confirm the bullish trend, and the following uptrend will take price up to $1.67 zone. The RSI is strong and headed up towards the 70 level, which is a sign of growing strength in the stock. Also, the MACD is giving a positive indication. Long setup.

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Medivation Inc (NASDAQ:MDVN) is in a nice up trend and could go again here. I would like to see a move above 61.46 on good volume before getting involved.

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Brocade Communications Systems, Inc. (NASDAQ:BRCD) Nice Breakout on heavy volume. Buyable on a pullback to the pivot. The technical chart shows a continuation of the trend with MACD and RSI in the Bullish areas. There is a good chance the stock will continue to move up.

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Frontline Ltd. (NYSE:FRO) This technical chart looks really bullish. I will be watching this stock closely tomorrow for a breakout above 3.17, as it has been consolidating after the July run up and a break could continue the uptrend.

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Vringo, Inc. (NASDAQ:VRNG) has held support at the 3.08 level and is displaying a screaming buy divergence on the upside. A close above 3.19 will impart bullishness and will help the stock move to the 3.35-3.4 area.

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: ABIO, BRCD, FRO, GPOR, MDVN, NM, VRNG

22:48 | Permalink |

Hot Stocks to watch on 26 July 2012

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Shares of AOL, Inc. (NYSE:AOL) surged 7.2% to $29.48 per share breaking out an important resistance with heavy volume. We should be able to see some decent upside movement for the bulls here. Technically, the stock still in a very strong bull market with MACD on top of signal line and 50-day moving average on top of 200-day moving average. Wednesday’s high of $29.60 is resistance for the next upside move.

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Western Digital Corp. (NASDAQ:WDC) is trading higher after hours, as the company released strong earnings. For tomorrow, the levels to watch on upside will be at 34 and 37.

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Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN) had a nice breakout today. If the stock can break today’s high of $105.32, we should see a strong follow through move. The stock will move very quickly, so keep a very close eye on the stock.

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Medivation, Inc.(NASDAQ:MDVN) B/O into all time highs on expanding average volume. The short-term uptrend is intact and signals further bullishness on this stock. Buy the stock in dips with stop-loss at $88.75.

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The Gap Inc. (NYSE:GPS) made a 52-week high but gave back some gains. If it can break above $29.59 tomorrow, then expect more upside.The technical chart shows GPS is on a strong bull market as the stock is trading above 50-day and 200-day moving averages.

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: ALXN, AOL, GPS, MDVN, WDC

22:39 | Permalink |

Stocks to Watch for Thursday, May 17

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Google Inc (NASDAQ:GOOG) - Cleared all sorts of resistance today. From here we can expect a run to the $640 area and from there we could see an explosive upsurge to $658 and better. Look to buy the stock on dips with a stop around 600. I'll be watching her carefully for any possible opportunities.

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XenoPort, Inc. (NASDAQ:XNPT) continues to show strength. The continued strong volume on upside moves indicates more than just short covering. Watch the $6.43 level.

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Medivation, Inc. (NASDAQ:MDVN) has been a very solid stock and just made a new 52-week high today.

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Skyworks Solutions Inc (NASDAQ:SWKS) - Good volume today, still under resistance level but indicators are trending up. Positive MACD divergence on the recent low. If the stock can break through the 50 day sma, we should see heavy buying come and it will be a great buy here. Although this trend is encouraging, the near-term outlook stays cautious till the stock closes conclusively above this level on heavy volume. Bulls could remain invested with a stop loss at $23

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Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA) hit a new 52 week high and held up very well when the nasdaq was tanking.

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, GOOG, MDVN, SWKS, XNPT

22:22 | Permalink |

AC Investor Blog

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

Thursday, March 31, 2016

Stocks to Watch for April 01, 2016

Friday, March 25, 2016

Stock setups for the coming week

Wednesday, March 23, 2016

Stocks to Watch for March 24, 2016

Tuesday, April 28, 2015

Stocks to keep an eye on April 29, 2015

Thursday, July 17, 2014

Stocks to Watch for July 18, 2014

Monday, January 06, 2014

Stocks to Watch for January 7, 2014

Thursday, September 19, 2013

Stocks to Watch for September 20, 2013

Wednesday, July 25, 2012

Hot Stocks to watch on 26 July 2012

Wednesday, May 16, 2012

Stocks to Watch for Thursday, May 17

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