AC Investor Blog

6 Chart Set-ups to Watch on Wednesday

Hi everyone,

Chart Set-ups to Watch on Wednesday

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Shares of Infinity Pharmaceuticals Inc. (NASDAQ:INFI) broke out of a bullish consolidation pattern that has been a pause in its steep more than 60% up move in December. Look for follow-through on Wednesday with increasing volume to confirm today's move.

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Ventrus Biosciences Inc (NASDAQ:VTUS) broke out above its resistance level today and surged considerably higher amidst impressive buying pressure. The stock is getting some buying and looks poised to post some nice gains if the buying volume persists. I expect VTUS to continue to gain investor interest going forward. Keep it on your watch list tomorrow.

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Strong breakout on Rambus Inc. (NASDAQ:RMBS) with strong volume. Momentum picking up with MACD climbing and RSI rising. Look for a quick run to $6.10 then on to $6.18

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The dip last week to $15.55 might have been an amazing opportunity for investors to buy a few shares of OmniVision Technologies, Inc. (NASDAQ:OVTI). A break of $16.3 with force might give the stock room to $17.

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Gevo, Inc. (NASDAQ:GEVO) The 20-day EMA has been acting as a strong support for the stock and only break below the same could open doors for further weakness.

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Microsoft Corporation (NASDAQ:MSFT) has just closed above its 200-day EMA for the first time since November. This will bring in new eyes on Wednesday for sure. The short-term uptrend is intact and signals further bullishness on this stock.

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, INFI, MSFT, OVTI, RMBS, VTUS

22:08 | Permalink |

Friday February 15th watchlist

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NVIDIA Corporation (NASDAQ:NVDA) rebounded strongly today on pretty heavy volume and might be on the way up again. As you could see above, the stock has several favorable technical factors suggesting that it could breakout its 200-day EMA which often attracts additional traders on the buyside, putting upward pressure on shares. Positive MACD indicates that the stock is a buy. Any move over $12.91 will probably lead to a strong rally. Let's keep an eye on it.

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I continue to watch Gevo, Inc. (NASDAQ:GEVO). The volume is still large so it could potentially break out again at any moment. Further rally could be seen to retest $2.68 short-term resistance. As long as the stock stay above $2.12 area, the bullish scenario is still intact. Technical chart shows bullish sign with MACD above the signal line and RSI above its 50% level. Next targets for the stock are $3.10 and $3.22. Only a close below $2.31 reverses the current short-term uptrend. The Accumulation/Distribution line is moving upwards (accumulation).

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OmniVision Technologies, Inc. (NASDAQ:OVTI) broke out and closed above resistance on a nice volume increase. If the technical chart does what is supposed to do, it will be going higher in the days to come. Technically, the stock is in a Bull Market with share price above 20, 50 and 200 daily moving averages. Let's see if tomorrow the stock will confirm the breakout. Keep an eye on her as i think momentum will pick up.

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Shares of Herbalife (NYSE: HLF) shot up in after-hours trading after Hedge fund manager Carl Icahn revealed a huge stake in the company. Icahn now owns nearly 18% almost 14 million shares. Per the filing, Icahn will seek talks with Herbalife, including possibly going private. Levels of resistance to watch in HLF after this pop : $46.40 ( 200EMA ) and the recent highs at $47.16

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Zynga Inc (NASDAQ:ZNGA) traded down over the last trading sessions but not enough to make me stop watching. The volume was relatively weak compared with recent sessions when prices rose, which means traders are not betting on the downside. The stock finally has found support at the $3.12 level, which looks to be a launching point to propel the stock back to the $3.60 level

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, HLF, NVDA, OVTI, ZNGA

22:59 | Permalink |

Thursday February 14th watchlist

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Qihoo 360 Technology Co Ltd (NYSE:QIHU) made a strong upside reversal today. The technical chart suggests that stock might find now resistance at $33. Only a close above this level would suggest further upside. Remain invested with a stop loss at $29.35.

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OmniVision Technologies, Inc.(NASDAQ:OVTI) might attempt to breakout above $16 level again and if it succeed we should expect a strong move to the upside.

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Oil States International, Inc. (NYSE:OIS) broke through resistance and out of flag formation. I'll be watching the stock on Thursday for a continuation of this breakout. The trend is still bullish as the stock is still on top of 50EMA and 200EMA with both moving averages going up.

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Global Payments Inc (NYSE:GPN) had a strong surge a few weeks ago and has been consolidating that move since then. The stock is displaying upside momentum and is poised to move higher from these levels. Nearest resistance for the stock is at 50.15. If this level is crossed and the stock is able to sustain above this level, then it might go to 51.

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Ebix Inc (NASDAQ:EBIX) Congratulations to all of you that profited on this monster stock alert. EBIX closed up $1.24 for gains of 7.1%. The stock showed great momentum and had great trading volume. If you're still in EBIX make sure you have your downside protected. I took profits on my long position at around $19.2 ( Mentioned on twitter ) for a gain of about 12 percent.

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: EBIX, GPN, OIS, OVTI, QIHU

22:51 | Permalink |

Tuesday February 12th watchlist

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OmniVision Technologies, Inc. (NASDAQ:OVTI) has consolidated sideways for the past several sessions under resistance near $16. If it clears resistance the move may be powerful. I notice that the Accumulation/Distribution line still growing, it means accumulation (buying).

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Pandora Media Inc (NYSE:P) continues to push higher and still looks like it has more to go. The stock got a nice bounce today off of the support of its 9-day EMA and it closed near the high of the day. P could be bought if it can break over $11.94 on good volume and price action.

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MELA Sciences, Inc. (NASDAQ:MELA) There is a positive MACD divergence on the daily chart and this usually means that an upward movement is coming. If the stock can break through the 20-day EMA we should see heavy buying come and it will be a great buy here.

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Facebook Inc (NASDAQ:FB) closed slightly below its 50-day EMA today on low volume. The stock needs to regain this line of support tomorrow or things could get very ugly. The near-term trend is bearish and the stock faces a strong resistance at 29.11-29.45. A close above this range is a pre-requisite for the reversal of the bearish trend.

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ADTRAN, Inc. (NASDAQ:ADTN) remains high on my radar due to the recent run up on heavy volume. I plan to buy the stock on a break above $21.17 and add more on a break above $22.09

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: ACE, ADTN, FB, MELA, OVTI, P

22:30 | Permalink |

Tuesday January 8th watchlist

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VIVUS, Inc. (NASDAQ:VVUS) was one of the stronger stocks that ended higher today after the company reported the number of prescriptions shipped for its Qsymia increased 67% in the 4 weeks ended Dec. 21. I'll be watching the stock on Tuesday for a continuation move. Resistance for this move is $15.54, which reflects Monday’s high of the day. If the stock does break resistance, I expect to see the stock move very quickly. Technicals are positive for a continued climb. RSI, OBV and MACD all look good to me.

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Cliffs Natural Resources Inc (NYSE:CLF) held above the break out point again today. As long as the stock does not go below the 36.6 price level, CLF is a good candidate to buy considering the possible pennant / flag area pattern.

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OmniVision Technologies, Inc. (NASDAQ:OVTI) is holding up well above its 50-day moving average and looks ready to move higher from here. Technicals are supporting an up move with RSI at just 55 leaving lots of room for further appreciation. Additionally, the MACD on daily has crossed the signal line and is trading above zero line. Another buy point for OVTI is at 15.29.

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Zagg Inc (NASDAQ:ZAGG) broke out of this flag and looks good for more gains.

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: CLF, OVTI, VVUS, ZAGG

23:02 | Permalink |

Stocks Watchlist For Wednesday, October 17

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OmniVision Technologies, Inc. (NASDAQ:OVTI) Congratulations to all of you that took advantage of this pick. Patience is a Virtue ;) Tomorrow, we should see a follow-through towards a test of key resistance at 15.

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Ford Motor Company (NYSE:F) broke through resistance and out of a small flag formation. Looks good to go here. Resistance is $10.82, which reflects its 200-day sma. Once the stock breaks resistance, I expect to see the buyer push the stock higher.

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Today First Solar, Inc. (NASDAQ:FSLR) broke and closed above its 200 day moving average with high volume. Short-term technical indicators are improving and the MACD on the daily chart produced a new buy signal. If the stock can break Tuesday’s high, we should see a strong follow through move. FSLR will move very quickly, so keep a very close eye on the stock.

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Kodiak Oil & Gas Corp (NYSE:KOG) Breaking out to the upside from its recent consolidation. I expect to see a continuation move tomorrow. Next resistance lies at $9.92

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Tellabs, Inc. (NASDAQ:TLAB) has had a rough time over the past weeks, but today’s bounce could be the first move to recovery. I'm using $2.48 as resistance for this upside move. If the stock can break through this level, we should see a reversal of this down trend. Stay tuned !

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: F, FSLR, KOG, OVTI, TLAB

22:47 | Permalink |

Stocks Watchlist For Tuesday, October 16

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InterDigital, Inc.(NASDAQ:IDCC) Bought more today. It's very possible that the pull back is done and the uptrend should now continue. I like to see the CMF positive and rising. CMF "Chaikin Money Flow" is a technical indicator used to determine if a security is under accumulation or distribution. In this particular case, the CMF shows that the stock is being accumulated. Hopefully, it's enough to allow the continuation of price surge.

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Hercules Offshore, Inc. (NASDAQ:HERO) remains in an uptrend as long as the trendline holds. As shown in the chart, if 5.05 is convincingly broken on a close basis a drop to 4.5 is very likely in my opinion.

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Cal Dive International, Inc. (NYSE:DVR) The company seems cheap at this price, with a book value of 3.15 and with a median price target from several analysts of 3$. From a technical standpoint, the stock is rebounding from an oversold area according to the momentum indicators on the daily charts. In the immediate term the stock could find resistance at the 20-day moving average at $1.53.

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OmniVision Technologies, Inc. (NASDAQ:OVTI) can give a short term bounce back. MACD ready to cross over the signal line, RSI is turning up and Stochastic bouncing from oversold territory.

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JetBlue Airways Corporation (NASDAQ:JBLU) - On watchlist no trigger yet. Long above $5.25. The stock has very strong support at 5.02, which is its 50 day sma.

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Elan Corporation, plc (ADR) (NYSE:ELN) Bottom play. If the stock can break through the 50-day sma at $11.24, we should see a strong follow through move. From a technical standpoint the MACD shows a bullish divergence, so there may be some light ahead. Stay tuned.

Thank you so much for those who helps me to reach 2500 followers on twitter !!!!

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: DVR, ELN, HERO, IDCC, JBLU, OVTI

23:03 | Permalink |

Stocks to watch on Friday, October 12

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Some of you may remember my Tuesday's post Coal Stocks Gaining Momentum Now take a look at the performance of the coals stocks today ANR +16.96% ACI +15.74% BTU +8.95% JRCC +18.35% Congratulations to those of you who took a chance after reading my post. Nothing in this market is easy, as you know, but with my experience and knowledge you can increase your chances at turning a nice profit. Just before the close I sold some positions and I will wait for a pullback to enter long again.

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Keep an eye on Arena Pharmaceuticals (NASDAQ:ARNA) if it breaks this triangle on heavy volume play accordingly.

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InterDigital, Inc.(NASDAQ:IDCC) is being sold off on low volume and looks healthy. Still liking and holding since $26. The company has lot of cash on balance sheet, growth and a huge patent portfolio for mobile technology. InterDigital is the second-biggest player in LTE with 780 patents, which makes the company a potential takeover candidate that could command a large premium if sold. This is a long term investment for me.

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OmniVision Technologies, Inc. (NASDAQ:OVTI) As you all know I’ve already bought this stock at 14.1 but if you want to buy use the break of 14.39 resistance point as the next buy area, this resistance is very strong. However, I think the stock will break this resistance very soon. From a technical standpoint we can see that the MACD is approaching the signal line and is suggesting a potential trend change. Additionally, its stochastics are oversold for some time, suggesting the potential for a bounce. Based on the information recently made available the short interest decreased 18% to 7,682,800. So, stay tuned.

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Netflix, Inc. (NASDAQ:NFLX) Looking fine, holding the 100-day sma and the breakout. Looks good for higher prices JMHO

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: ARNA, IDCC, NFLX, OVTI

22:46 | Permalink |

Watchlist for Tuesday October 9th

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Breakout !! After a month of consolidation between the high of 35.42 and support at 32.5 shares of American International Group, Inc. (NYSE:AIG) broke out higher today to new highs on solid volume with strong RSI and MACD. This is a short-term bullish development.

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Career Education Corp. (NASDAQ:CECO) Break out watch over $4.18 with volume. Technicals look Bullish to me. I alerted my followers on twitter this morning at 3.85 when I saw unusual volume activity.

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The rally in Groupon Inc (NASDAQ:GRPN) continued and shares hit my trigger to open bullish positions at $5.48 today. This is a new month-high and a move over significant resistance. The first target to take profits is $6.

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OmniVision Technologies, Inc. (NASDAQ:OVTI) Bounce play. CCI giving a buy signal from oversold area and MACD histogram reversing from the recent low. Additionally the two major moving averages ( 50 and 200 SMA ) are turning up ! On the downside the next support is at 13.69 while on the upside I am looking resistance at 14.5 with the next resistance at 14.97

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Vringo, Inc. (NYSEAMEX:VRNG) has been trading heavy volumes recently and continue to impress with another show of strength. The stock looks poised to breakout higher but I'm not suggesting new positions at current levels due to the overbought signs on Stochastic & RSI.

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InterDigital, Inc. (NASDAQ:IDCC) The volume was very light but the trading action was encouraging. Traders / Investors bought the dip several times near the $36 level.

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: AIG, CECO, GRPN, IDCC, OVTI, VRNG

22:38 | Permalink |

Watchlist for Monday October 8th

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XenoPort, Inc. (NASDAQ:XNPT) has seen a strong run from the start of the summer and on Friday hit its highest levels in almost 2 years following the release of phase 1 clinical results for its oral relapsing-remitting multiple sclerosis treatment, XP23829. I wrote several times about XNPT in May, when buying volume picked up. I posted it in the blog ( Thursday's Stocks To Watch, May 24 2012 ) as a stock to watch and the twitter. The stock was at $5.87 and it closed yesterday at $12.86 on strong money flow. XNPT is still one of my favorite stocks.

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InterDigital, Inc. (NASDAQ:IDCC) failed the breakout on Friday but this price seems safe. If the stock consolidates at this level, it might make for a good breakout play in the future. Hopefully the 36 resistance level will become the new support level and we will see a small pullback and consolidation before the next move. I see no reasons to sell the stock now. Don't forget about the potential company share buyback ( $200 million ) and other recent positive news. The accumulation over the past weeks has shown funds moving into the company and moved share prices upward.I'll keep it on the list.

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Huntington Bancshares Incorporated (NASDAQ:HBAN) is consolidating. Long over 7.24

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If Groupon Inc (NASDAQ:GRPN) can close above $5.25 this coming week, there should be some nice momentum in the stock. The RSI analysis is signaling a bullish outlook which can be further confirming in MACD and ADX charts.

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VeriFone Systems Inc (NYSE:PAY) had a daily close above the 20-day moving average on solid volume. If momentum can carry the stock above 32.99, there seems to be plenty of upside. Stochastic and MACD analysis are indicating bullish outlook.

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OmniVision Technologies, Inc. (NASDAQ:OVTI) looks to be oversold and under accumulation. I will be watching for any kind of news and unusual volume for confirmation of a short-term bottom reversal. From a technical standpoint, the MACD histogram started to improve by making shorter lines, showing less selling pressure. In addition, the fact that OVTI closed above its 7-day moving average for the second day in a row could be a telling sign for next days trading. A daily close above 14.5 could spark a momentum buying.

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: GRPN, HBAN, IDCC, OVTI, PAY, XNPT

17:45 | Permalink |

AC Investor Blog

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

Tuesday, February 19, 2013

6 Chart Set-ups to Watch on Wednesday

Thursday, February 14, 2013

Friday February 15th watchlist

Wednesday, February 13, 2013

Thursday February 14th watchlist

Monday, February 11, 2013

Tuesday February 12th watchlist

Monday, January 07, 2013

Tuesday January 8th watchlist

Tuesday, October 16, 2012

Stocks Watchlist For Wednesday, October 17

Monday, October 15, 2012

Stocks Watchlist For Tuesday, October 16

Thursday, October 11, 2012

Stocks to watch on Friday, October 12

Monday, October 08, 2012

Watchlist for Tuesday October 9th

Saturday, October 06, 2012

Watchlist for Monday October 8th

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