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Saturday, May 28, 2016 

Good Setups to watch for the week ahead

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Cara Therapeutics Inc (NASDAQ:CARA) could be starting another rally as there is tremendous support in the stock (short-term EMAs) and some serious buying coming in. The price has been in a bullish flag formation off its sharp rebound rally since the mid-May lows and it is now near the top of the sideways channel in the 6.42 area. A break through that top would lead to a next test of the 7.8/8 resistance zone. Among oscillators, the MACD is in buy mode and RSI is at 56 levels indicating strength in the current uptrend. If it breaks 6.42 the stock will absolutely fly into the 7's right away. Keep it on your watch list going forward. Could be a high flyer on breakout.

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Twitter Inc (NYSE:TWTR) The selloff seen earlier this month appears to be coming to an end, with the price closing above the declining 20-day EMA on Friday. As such, I would be looking for a move back to $14.68 as a good buying opportunity. The stock has a gap and the 50-day EMA resistance above. However, as long as the price holds up above $14.67 level (20EMA), we are likely to resolve this short-term range to the upside rather than the downside. The MACD and stochastic point towards a push higher. Watch the stock closely on Tuesday.

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Macy's, Inc. (NYSE:M) made a strong move to the upside and closed above the 20-day exp moving average for the first time since April accompanied with high volume. I think we will see some nice follow through on Tuesday. Daily technical indicators show RSI heading up while macd is also rising. Note, prices are also inside the daily EMAs with the 20-day EMA an immediate resistance. The next major resistance area is around the mid $34 range. Plus, M also saw unusual call activity. Keep it on watch.

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OHR Pharmaceutical Inc (NASDAQ:OHRP) Consolidating / basing under resistance the 50-day EMA. Insiders are buying a lot of shares at current levels. They must know something positive about the company. From a technical standpoint, the MACD is slowly turning up forming a buy signal. RSI is growing and also giving a buy signal. Watch for a break through the 3.24 price level to indicate that another push higher will occur. Keep it on watch.

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Office Depot Inc (NASDAQ:ODP) showing signs of bounce coming MACD cross. The stock is on the verge of breaking out and it could happen very soon. At this stage it is definitely a wait and see if the resistance will be easily taken out by the bulls. 3.56 break out watch.

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ZIOPHARM Oncology Inc. (NASDAQ:ZIOP) showed buying strength all day on Friday. We start to see some signals of rebound as the daily technical chart shows positive momentum is back. If stock breaks 7.51 then the stock can head to 7.84 and if this level is breached then the level of 8.36 is visible. I think its worth adding to your watchlist.

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Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) jumped 13c or 8%, Friday to close at 1.75, slightly below the declining 100-day EMA. A minor resistance is expected here but if that resistance fails, the further gains towards $1.85 will be expected. Technical indicators are looking bullish. The RSI is moving up and above its 50 level. The Slow Sto continues to trade in the positive zone and the MACD is also turning up. Overall my short-term view remains neutral till a decisive break above $1.80 takes place. On watch.



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Have a wonderful long weekend everyone !!

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

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Thursday, May 26, 2016 

Bullish setups for Thursday 26th of May 2016

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American Midstream Partners LP (NYSE:AMID) had a big surge in price and volume in April when stock price doubled in just 4 weeks. The stock has consolidated over the last couple of weeks in a bullish pennant formation and appears ready for another breakout. The stock hit a high of $12.30 on Wednesday, which is resistance for Thursday’s continuation move. If the stock can break through this level, I expect to see a strong upside move.

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FORM Holdings Corp. Common Stock (NASDAQ:FH) broke out in a big way Wednesday on great volume. I think we will see a nice follow through today. A break of $2 with force might give room to 2.26 then 2.75/80 area. DMI/ADX Triggered a new "Buy Signal" for the first time in weeks.

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Westmoreland Coal Company (NASDAQ:WLB) broke out yesterday, after it thas been consolidating in the past few months. The stock hit a high of $8.44 on Wednesday, which is resistance for the follow through move. Charts on all time frames are bullish. You should watch this stock closely today.

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OHR Pharmaceutical Inc (NASDAQ:OHRP) could be in the early stages of a technical breakout. Momentum indicators are showing bullish signals supported by rising MACD and RSI on the daily charts. Some top executives have been acquiring shares for the past few days showing the management is bullish of the company's outlook. Keep it on your watch list going forward.

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Office Depot Inc (NASDAQ:ODP) Daily technical chart is showing signs of a possible turn around. In terms of technical indicators, the RSI is starting to rise in the oversold zone while the MACD is about to cross above its signal line. The trend is expected to begin the upwards movements. One insider purchased 14267 shares on Wednesday and July $5 calls had a lot of activity. Keep an eye for a possible breakout over 3.53.

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BlackBerry Ltd (NASDAQ:BBRY) has bounced nicely from the recent lows. The immediate resistance is around 7.33 which the stock will likely to test in the coming sessions. A close above this range is a pre-requisite for the reversal of the bearish trend. The short interest has been on a decreasing trend, with 2% decrease recently and bringing the interest to 12.58% of the float, while the short ratio (Days to cover the 65M shares) has been increasing for the last 6 weeks. That's the perfect scenario for a short squeeze on any positive news.

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VirnetX Holding Corporation (NYSEMKT:VHC) Should breakout hard to upside when it crosses over $5.27

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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

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Wednesday, October 07, 2015 

Stocks to Watch for October 08, 2015

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OHR Pharmaceutical Inc (NASDAQ:OHRP) Volume starts to pick up again. Could make a nice move to the upside. A break of $3.30 with force might give the stock room to $4.30 (200EMA). MACD and RSI indicators are also pointing North. Plus, there has been some unusual options activity (Nov $5). Keep it on your watch list.

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BlackBerry Ltd (NASDAQ:BBRY) is very bullish with a lot of hot indicators showing up (V-bounce in play). The slope of the upward move is very steep accompanied by increasing volume. The stock closed at $7.16, up 38 cents (+5.53%) on volume of 12.3 Million. All indicators are in favor of an upward price movement. Key intermediate resistance for the stock however exists in the zone between $7.50 and $7.73. This momentum could push this stock much higher from here, so keep it on the radar.

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Verastem Inc (NASDAQ:VSTM) jumped 15% today finishing the session near the highs of the day on high volume, suggesting buyers are stepping in. If the stock breaks today's high, the momentum could move stock to the 2.75 area.

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Keep a close eye on this one tomorrow. Chardan Capital Markets analyst Gbola Amusa reiterated a Buy rating and boosted the price target on Lion Biotechnologies (NASDAQ: LBIO) to $20. The stock price is showing signs of a bounce and next level of resistance is around 7.20.

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Celldex Therapeutics, Inc. (NASDAQ:CLDX) closed today's trading session at 11.96, inching up by 4.45% with the stock attracting more than 2.6 million shares. Chart shows signs of a trend reversal. Trajectories of momentum indicators on daiy charts suggest uptrend for the stock. Next major resistance lies at 12.41. February $15 calls saw some action today.

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ZIOPHARM Oncology Inc. (NASDAQ:ZIOP) looks to have built a small bullish flag formation here and wants to make an upside move. If the stock can break through $10.73, we should see strong volume drive the stock higher. You need to watch this closely because it could break resistance.

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

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Sunday, September 06, 2015 

Stocks to Watch for September 08, 2015

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Sunedison Inc (NYSE:SUNE) On a daily basis the stock price has moved out of oversold territory and the bounce is gaining momentum for a run up to $13.23, where its 20-day EMA is poised and also some previous price support levels. All technicals are pointing in a positive direction. The MACD and CMF are gaining momentum although in negative area. The stock is likely to make more gains in the coming week.

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Peabody Energy Corporation (NYSE:BTU) is forming a potential cup with handle bottom pattern (bullish formation) with a neckline at 2.74. The stock has found support on its 9-day EMA over the last couple of days and a bullish candle was added on Friday after a healthy pullback. In addition, we saw bullish options activity with buyers of the Dec 4 calls. Keep this stock on your watch list on Tuesday.

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OHR Pharmaceutical Inc (NASDAQ:OHRP) after consolidating during the past week the stock closed on last Friday near the top of the range with moderate volumes gaining about 2.50%, indicating accumulation of the stock at current levels. It appears to be ready to make a significant move higher. 2.98 is the level to watch for a breakout. Keep it on your radar screen because the technical chart looks very bullish to me and looks in the verge of a breakout. Analysts are also very positive on the stock. Check this out: Analysts Bullish on OHR Pharma Amid Positive Study

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Micron Technology, Inc. (NASDAQ:MU) attempted to close above the $17 level on Friday but did not succeed. A breakout from this short-term sideways zone will give an excellent opportunity for traders to pick up long positions. Considering the strong momentum over the past week, I think the stock looks set to break higher. Keep this stock in your radar list.

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Juno Therapeutics Inc (NASDAQ:JUNO) closed the day on Friday gaining nearly 3% on solid volume. The stock has started to bounce and seems to be ready for a run up. Some technicals are turning up here and the MACD finally triggered the buy signal indicating that an upward cycle has begun. Further strength above 37.7 opens the door to 40. Put her on your radar.

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ZIOPHARM Oncology Inc. (NASDAQ:ZIOP) had a nice rebound recently and has been consolidating here. The stock is displaying upside momentum again and is poised to move higher from these levels IMHO. Nearest resistance is at $9.33 (200EMA). If this key level is crossed and the stock is able to sustain above this level, then it might go to $10 in short-term. On the technical side, MACD gave a buy signal and RSI has been ticking higher. There could be good upside in this trade, so watch the stock closely next week. Stop 8.40

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Rambus Inc. (NASDAQ:RMBS) is slowly recovering. The $14 area is a critical resistance region that can determine overall bias for the stock in medium-term. A move above this key level would confirm the breakout (DT line), with an initial target of 14.75 and secondary target of 15.50. Stop is at 12.82

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

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Saturday, August 22, 2015 

Stocks to keep an eye on August 24, 2015

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Lifelock Inc (NYSE:LOCK) appears to have broken out of a base formation, spiking above the resistance line. The stock closed Friday up 36c to 8.06 and is setting up for a possible move to the 10 area. A clear break above 8.65 could lead to short covering and potentially a short squeeze. Momentum indicators are bouncing off oversold conditions and CMF is very positive (strong and getting stronger).

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3D Systems Corporation (NYSE:DDD) showed relative strength on high volume Friday compared to rest of market, which is a very good sign. If momentum continues as I expect next week, we could have formed a double bottom formation here. The indicators are showing signs of upward reversal. A rally above the 9EMA can push the stock higher to 14.30 and 15.15 in the medium term. Next supports are at 11.82 and 11.66.

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Juno Lighting (NASDAQ:JUNO) I feel this is a potential bounce candidate if market bounces next week. Note the positive divergences on the MACD Histogram and the CMF.

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Ampio Pharmaceuticals Inc (NYSEMKT:AMPE) Nice Bullish candle Friday on above average volume. It has a gap and 100EMA declining resistance above. At this point and given the current stock levels, it is very important for it to break 3.19 level very soon.

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Net 1 UEPS Technologies Inc (NASDAQ:UEPS) broke out on Friday but was unable to sustain those prices (due to the market conditions) and has moved back within the channel. As long as the price trades above the 20EMA support, its ongoing intermediate uptrend will stay intact.

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Apple Inc. (NASDAQ:AAPL) has a strong support between 104.93 and 103.32 which can not easily be broken IMO however the bias remains bearish in nearest term. Immediate resistance is seen around 107.5. A clear break above that area on a close basis could lead price to neutral zone in nearest term testing 112. The stock is very oversold, so a pullback is on the cards.

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OHR Pharmaceutical Inc (NASDAQ:OHRP) With Soros on the list and with so many catalysts going forward I will keep my shares for the time being. Worth reading "Analysts Bullish on OHR Pharma Amid Positive Study" The strong accumulation in late July has shown funds moving into the company.

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

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Saturday, August 15, 2015 

Stocks to keep an eye on August 17, 2015

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3D Systems Corporation (NYSE:DDD) has been in a two-week bullish flag formation off its sharp rebound rally in the first days of August. A break of the flag pattern to the upside targets a move to the 15.5 to 16 area. The climbing MACD is supporting a bullis trend. From the insider transactions, the Director of the company is very bullish as he purchsed total of 25000 shares in the past week between $13.93 and $14.20 per share. In addition the short interest has decreased by 5% recently. The huge short interest could fuel some big spikes higher soon, so watch for a potential breakout attempt.

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Vringo, Inc. (NASDAQ:VRNG) after a big surge in price and volume in the second half of July, has consolidated for the last two weeks in a bullish flag formation. If a breakout above that key resistance level occurs in the next couple days, we could see the stock next reach the 90-95c area.

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OHR Pharmaceutical Inc (NASDAQ:OHRP) According to the 13-F filed by the billionaire financier George Soros on Friday, he initiated a new position in the company (12100 shares). Although the amount of shares added was relatively small, we dont know if he has been buying more in the recent days, so we should be prepared for a big move on Monday. Historically, the stock has made strong moves upwards on news, past performance is not always a guarantee of future performance, but we could learn from how the stock has reacted in the past. The month of July and the reaction in after-hours was a good example. Hence, I believe the stock has strong potential to experience extreme appreciation in the near-term. Major resistance lies at 4.34

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AK Steel Holding Corporation (NYSE:AKS) I will be watching the stock again next week for a continuation move through Friday’s highs of $3.24. The CMF indicator on chart shows the strength of conviction behind this Bullish trend. Lets keep an eye on it.

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Shares of PrimaBiomed Ltd. (NASDAQ:PBMD) soared 44% or 44 cents to $1.44 per share on Friday's trading session breaking out the downtrend line that has formed since June on heavy volume. The uptrend is strong based upon the MACD reading and the ADX line. The key resistance level to watch next week is at 1.80 above this level could test 2.40 next.

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FibroGen Inc (NASDAQ:FGEN) Nice breakout on high volume. There is a good chance the stock will continue to move up.

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

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Saturday, July 25, 2015 

Here are a few setups to watch next week on the long side - I will be on vacations

Dearest Readers, 

First, I would like to thank you for your cooperation and support during these last few months of the year, with a high increase of followers on the blog and a great increase in the number of followers on twitter that has almost reached 13000 followers. Then, announce that in the next two weeks I will be on vacation and will not be back to update the blog until the 12 August. But before I leave you , I have placed some charts with potential ideas for next week. Thank you and happy holidays.

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Pacific Biosciences of California (NASDAQ:PACB) Will it break the 200-day EMA next week or retrace down retest support ? If it breaks this key resistance line with huge volume, that's a good entry opportunity. Although MACD is at negative region, a bullish crossover has been formed. Resistance 5.90 Imediate support 5.55 then 5.42. Watch closely for an entry opportunity.

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Chanticleer Holdings Inc (NASDAQ:HOTR) Thin name. Will it break up this resistant level? It is showing a small bullish flag just under the 50-day EMA with a 2.73 buy point. With good trading volume, the stock could be poised to trade higher to test its next level of resistence around 3.15.

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Amedica Corporation (NASDAQ:AMDA) broke out of a symmetrical triangle chart pattern to the upside on Friday, which is very bullish. Watch for a good follow through day. First target is the 88c area, and beyond that the 1.10 area. Stop 64c

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Caesarstone Sdot-Yam Ltd (NASDAQ:CSTE) is flagging just above the 66 breakout area after a steep rise from the 55 level in April. A break of this Bullish pattern could move the stock to test its all-time high just above the $70 level.

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On Friday, IAMGOLD Corp (NYSE:IAG) formed a reversal candlestick. Most probably, this technical rebound will push the price up to 1.70 area (previous support, now resistance).

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OHR Pharmaceutical Inc (NASDAQ:OHRP) I will keep my long position intact. On the technical side, the stock has been pulling back on low volume to test the breakout zone around the 2.9-3 area. If this zone is respected next week, I expect that the next rebound will push price up to $5. Money flow has been very solid over the past days and the accumulation/distribution continues to be bullish, we just might be on our way to higher prices IMHO.

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

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Wednesday, July 15, 2015 

Stocks to keep an eye on July 16, 2015

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OHR Pharmaceutical Inc (NASDAQ:OHRP) strong enough to say and the "Bulls" are back. The stock finished the day up 26.61% on huge volume of over 18 million of shares exchanging hands on the day. Great volume and a 26.6% gain on the day makes the stock a clear and easy winner. Looking at the daily technical chart above I’m extremely confident that the gains will continue and the 200-day EMA is the next target. The stock appears to be under strong accumulation. The MACD momentum has turned positive and A/D is on a strong uptrend which when combined with the strengthening MACD could spell a strong move for the stock. Stay tuned.

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ITT Educational Services, Inc. (NYSE:ESI) traded nicely today and I am looking for continuation of the upward direction tomorrow. This stock is a short squeeze candidate, with a short float at 65% equivalent to 9 days of average volume. From a technical standpoint, the daily technical chart shows that the stock is in a rally as %K line is rising on top of %D line as the price is back above the short-term EMAs. The MACD is turning up. The RSI is also rising along with the rise in volumes, which indicates buying interest in the stock. In addition, the stock seems to have broken out on the upside from a falling wedge pattern and probably might target its 100-day EMA in short-term around $5.25 or so. Can get interesting. Keep close eye on this one for a major rally to the upside.

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SanDisk Corporation (NASDAQ:SNDK) The technical indicator MACD is starting to look like it may cross very soon, which indicates momentum is shifting towards the upside. Keep this on your watchlist. Im long.

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I have been watching Career Education Corp. (NASDAQ:CECO) over the past few days, waiting for a possible upside move. The stock seems to have found a strong support at present levels. The technical indicators are improving significantly. The slow stochastic has moved above the 29% level and MACD signal line crossed over to the upside. CECO could have good upside potential, so watch the stock closely.

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Prima Biomed Ltd. (NASDAQ:PBMD) looks about ready to pop here! The price needs to break today's high of $1.64 to expect a strong rally at this point.


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BlackBerry Ltd (NASDAQ:BBRY) As you know, I like this stock for a long-term hold. It's part of my portfolio and I intend to stay with it. Calling the bottom is always difficult, but based on the daily technical chart above we might have seen the bottom. It's noteworthy that the MACD has finally crossed over and %K line has just crossed on top over %D line showing buy signal. Resistance stays at $8, which is a big area that the stock needs to break. Watch BBRY again on Thursday, and once it breaks resistance we should see a strong upside move. You should keep this stock on your screen radar.

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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

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  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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