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Tuesday, June 20, 2017 

My Watchlist for Wednesday, June 21

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Delcath Systems, Inc.(NASDAQ:DCTH) hit a low of $.002 just a few days ago. This was a stock I covered on my blog last week, as a potential bounce play. Today, the stock closed at $.022 a share. Congrats everyone who took advantage of that. From a technical standpoint, the 100-day EMA is not that far away and would represent a point of serious resistance. Keep in mind, this is a penny stock so play it like a penny stock.

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Dextera Surgical Inc (NASDAQ:DXTR) is finally starting to break out. The stock hit bottom in the low $0.17 and has started to work its way higher. It has the potential to pull a similar DCTH move.

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Prana Biotechnology Limited (NASDAQ:PRAN) I think its worth watching tomorrow. This is a great chart set-up and todays momentum could take the stock to $2.83 - $3 before weeks end. What I like about this chart after today's close is the falling wedge pattern and the curling of the MACD and ADX.

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Seeing if Workhorse Group Inc (NASDAQ:WKHS) stock will continue its upward move on Wednesday. Worth adding to your watchlist.

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CombiMatrix Corp (NASDAQ:CBMX) the stock looks to be turning the corner on the daily technical chart after falling steadily over the last few weeks. Immediate resistance 5.35

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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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22:11 | |

Wednesday, May 20, 2015 

Stocks to keep an eye on May 21, 2015

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Himax Technologies, Inc. (NASDAQ:HIMX) gained 4% to 83 cents per share after analysts at Rosenblatt Securities upgraded their rating to BUY with a PT of $9. From a technical standpoint the stock is trying to break the downtrend line visible on the chart above (yellow mark). If it breaks this key resistance level, bulls may expect it to run toward $7. With MACD rising and %K line on top of %D line, the major rally of the stock may be finally coming. Im long.

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MELA Sciences Inc (NASDAQ:MELA) The stock closed the day at $1.62 on decent volume and looks poised to post more gains heading into the weekend. I expect this stock to trade above $2 in the near term after today's strong close above the 20-day EMA. Keep it on your watch list.

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MEI Pharma Inc (NASDAQ:MEIP) The daily technical chart shows a stock that is right on the cusp of a breakout. If price can break through its 20-day exp moving average, then I think 2.44 level could be well within reach. Nice slow steady accumulation in last days, MFI rising. Keep it on your watch list.

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Congratulations to those who took a chance on IsoRay, Inc. (NYSEMKT:ISR) in PM after my tweet alert. This stock skyrocketted 93% on heavy volumn to $3.12 per share following the announcement that its IsoRay's Cesium-131 lung cancer treatment reported a 96% success in local control and a 100 percent survival at 5 years in high risk patients in a newly published report. I'd keep a close eye on this stock Thursday morning and I would expect some follow through buying along with some profit taking. On watch.

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Prana Biotechnology Limited (NASDAQ:PRAN) hit my scanner today with some impressive volume and closed up 14%. I expect some follow through on Thursday.

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J C Penney Company Inc (NYSE:JCP) good relative strength compared to the sector. Long set-up on watch. Lets see if it breaks over $9 this week.

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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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22:33 | |

Saturday, May 10, 2014 

Stocks to Watch for May 12, 2014

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Gigamon Inc (NYSE:GIMO) continued its bullish momentum on Friday, topped at 16.91 but closed a little bit lower at 16.81. The good news is that the stock closed above the 13-day EMA for the first time in more than a month. There are no changes in my technical outlook, the bias remains bullish in short term testing the 18.1 area as a part of the rounding bottom (bullish reversal pattern) scenario that i published few days ago (using the 2h chart). GIMO has a high level of short-interest (8.59 % of Float) and is cheap by valuation IMHO. A clear break above 18.10 next week could trigger further bullish pressure testing 20, because the short sellers will start buying to cover their position. Momentum indicators are slightly bullish now with RSI inching away above the oversold level. The strongest sign of a bullish momentum is the MACD indicator which has just started to increase and the CMF is also showing positive signs on the stock. This company has no debt and about $142.6 million of cash, so they have about $4.50 a share in cash. The stock got upgrades last week and was positively mentioned as possible takeover target (Cisco, Brocade, Juniper, Oracle and others as potential suitors). I love the risk/reward so long as it holds above the $15 area and expect to see a strong upside move very soon.

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Twitter Inc (NYSE:TWTR) looks like it is starting to turn back up and technical indicators are giving the first bullish signs. The Stochastic oscillator is registering a bullish signal, as the %K has crossed above the %D and the RSI is rising slowly but hasn’t reached the 30% level. The stock has the following important levels. Resistance at $33.11 and support at $30.

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Prana Biotechnology Limited (NASDAQ:PRAN) falling wedge broken last week. It seems that all bad news has been fully priced into this stock. The nearest trend is in favour of Bulls and the stock price has room to go higher. If the stock can break through $1.81, we should see strong volume drive the stock higher. You need to watch the stock closely next week because the bounce could be hard and fast. My first target is now $2.05 with a stop at 1.47.

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Facebook Inc (NASDAQ:FB) The stock is testing the lower part of the range area around 56. Aggressive traders may long here due to a good risk/reward ratio with a stop loss below 55 level. Immediate resistance is seen around 58.47 (9EMA). A clear break above that area would lead price to $60. The bias is neutral in short term.

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Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) is in a clear bullish trend and a move to $7.6-7.80 appears likely. The positive outlook would be in force as long as the stock remains above the 9-day exp moving average (now located at 6.79). The technical daily chart show a continuation of the trend with MACD and RSI trending upwards.

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Electronic Arts Inc. (NASDAQ:EA) Nice looking breakout with huge volume. Excellent relative strength to broad market. I will be waiting for a pullback to start a position.

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Frontier Communications Corp (NASDAQ:FTR) Friday's close confirmed the bullish signal received on Thursday. Let’s see whether the stock can gather enough momentum to break through $6.10.

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

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10:36 | |

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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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