AC Investor Blog

Trade ideas for this week

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Shares of Atara Biotherapeutics Inc (NASDAQ:ATRA) closed on Friday gaining more than 27.54% accompanied with heavy volume. The stock has been on one of the most amazing runs of this month. On the daily technical chart, the stock is in a strong positive trend after it broke out from a large base-building consolidation. At current levels the stock is extended with RSI at 89. I'm bullish on ATRA, but in situations like this, I prefer to wait for a pullback rather than chase the market.

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Ocular Therapeutix Inc (NASDAQ:OCUL) broke and closed above the key resistance zone at $5, signifying that a new short-term uptrend is in place. Further rise is expected to $6.25 zone. Daily technical indicators are also showing signs of recovery. Long-term investors may hold with a stop at $4.71. Let's keep an eye on it as i think momentum will pick up.

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AVEO Pharmaceuticals, Inc. (NASDAQ:AVEO) is gathering momentum to the upside and the first objective is at $3.33. Additionally, the technical daily chart shows a MACD crossover, a bullish sign. Long-term investors may hold with a stop at $2.56.

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Shares of Genco Shipping (NYSE:GNK) are starting to heat up again and are worth watching. If volume can pick up I think this stock can break through resistance at $14.34 and re-test its recent highs around $14.59.

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PTC Therapeutics, Inc. (NASDAQ:PTCT) had a very good bullish rally last week accompanied with large volume. The stock is now near the red line as RSI approaches the 90 level. It may still move up some cents, but I expect a correction any time. Right now it is way too risky for a long position. Wait for a pullback to re-enter.

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There is no change from my previous updates on KBS Fashion Group Ltd (NASDAQ:KBSF). The MACD oscillator is above zero and above its trigger, showing strength for the price to continue its upward path. If it breaks 5.56 the stock will absolutely fly into the 8's right away.

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Net Element International Inc (NASDAQ:NETE) has been holding in a tight range and looks poised for a break to the upside. A break above 12.35 on a close basis should be seen as a serious threat for the stock to test the highs of December.

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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: ATRA, AVEO, GNK, KBSF, NETE, OCUL, PTCT

20:53 | Permalink |

My Watchlist for Friday, February 17

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Arrowhead Pharmaceuticals Inc (NASDAQ:ARWR) is setting up to break out and has one more level to go, which is $2.27 (EMA50). The stock is a short squeeze candidate, with a short float at 17% equivalent to 15 days of average volume. From a technical standpoint, indicators are looking bullish. MACD crossed back above zero line and RSI is rising in positive territory. Accumulation line is also rising. ARWR is a fast moving stock, so you need to watch it closely tomorrow, because once it breaks through 2.27, it will run fast.

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Leading Brands, Inc (NASDAQ:LBIX) had a big pop today and finally broke out of a base pattern with an increase in volume. I feel that this stock can easily run to 2.7's in the near term due to its low float.

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I'm still holding ParkerVision, Inc. (NASDAQ:PRKR) with patience for higher expected levels ahead. We need to keep a close eye on the EMA50. A break and close above it could take the price towards the next resistance around the $3 level. MACD is rising and CMF is positive, supporting a move higher. On watch.

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Medallion Financial Corp (NASDAQ:MFIN) looks like a possible V-Bounce candidate. Technical chart is displaying upside momentum again. I will be watching this stock closely on Friday for a breakout above 2.50. Plus, I saw unusual options activity.

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PTC Therapeutics, Inc. (NASDAQ:PTCT) tried to breakout above the $14.12 level today but failed. Only a close above this level would suggest further upside.

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Zosano Pharma Corp (NASDAQ:ZSAN) continues to trade heavy volume. The stock needs to work out the extreme overbought conditions with a small correction or consolidation to atract demand again. The immediate support is seen around 2.80. A clear break below this level, could lead price to neutral zone in nearest term testing 2.40 region. On watch.

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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: ARWR, LBIX, MFIN, PRKR, PTCT, ZSAN

22:13 | Permalink |

My Watchlist for Monday, November 14

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PTC Therapeutics, Inc. (NASDAQ:PTCT) shares spiked on the news Friday, closing the day with a gain of 88% at 11.30. If it can clear the 12.35 level tomorrow a rally to retest of $14 or more appears possible. Daily technical indicators are turning bullish. A continuation of the rally is likely.

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Auris Medical Holding AG (NASDAQ:EARS) After basing sideways the last few days with an upward bias, it finally broke out upwards Friday accompanied by a volume surge. Looks good for higher prices. The stock has a good base at 90c which can be used as a stop loss for long position. On the upper side, the move is likely to accelerate above $1.32. Im long.

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It looks like Micron Technology, Inc. (NASDAQ:MU) is starting to turn back up and the key indicators are giving the first bullish signs. I'm looking to see this stock re-test its October highs shortly.

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Ocean Power Technologies Inc (NASDAQ:OPTT) Short-term momentum has turned bullish and a break above resistance at 3 would open the door for a rally to 3.7.

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Limelight Networks, Inc. (NASDAQ:LLNW) Resistance Breakout. Go long on the break of Friday’s high at 2.39 or wait for a retracement.

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Evolution Petroleum Corp (NYSEMKT:EPM) Setting up a possible resistance breakout trade. Long over 8.48

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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: EARS, EPM, LLNW, MU, OPTT, PTCT

17:53 | Permalink |

My Watchlist for the first week of October

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Calithera Biosciences Inc (NASDAQ:CALA) Looks setup for a potential upward move. This stock could be considered one of my favorite plays for Monday, as the chart structure suggests that a huge breakout could be on the horizon. CALA has been basing for a long time, but Friday's close on volume increase could have signaled a shift in the trend. It has witnessed phenomenal gains in valuation when volume enters, so put this small bio tech stock on the top of your list for Monday Morning. If a breakout occurs on volume, we could see a fast move up to $4.20 initially.

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PTC Therapeutics, Inc. (NASDAQ:PTCT) Good break higher Friday on very strong volume surge, clearing the prior highs and the declining 200-day exponential moving average. Stock has not traded at this level since March. Friday's high is resistance for a follow through move next week, a break above this level will confirm the bullish trend and the following uptrend will take price up to $16 zone.

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IntelliPharmaCeutics Intl Inc (NASDAQ:IPCI) Low volume pullback. Moving up after testing the rising 20-day EMA. Looking good technically right here. The Accumulation/Distribution line clearly shows lots of accumulation recording a five month high. The stock may attempt to go higher from here. If the near-by support at $2.01 (13EMA) holds up next week, a rally up to the $2.34 level is probable or even possible. Only a close below the $2 price level would negate the positive outlook. From a technical standpoint, IPCI is my momentum alert with huge Potential.

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Walter Investment Management Corp (NYSE:WAC) Stock has made an awesome run since the beginning of August. Although it did not perform well this year, we start to see some signals of rebound as the technical daily chart shows positive momentum is back. I'd look to the $4.20 level as the next buy point. If it passes that on high volume, then we have room to run to next resistance at $5. Let’s keep an eye on WAC.

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Resolute Energy Corp (NYSE:REN) Renewed buying pressure last week sent shares to fresh all time highs as shorts continue to be squeezed out. If the stock can break Friday’s high of $26.50, we should see a follow through move.

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Renren Inc (NYSE:RENN) looks strong enough to move forward. It's displaying a short upside momentum and is poised to move higher from these levels. Short-term traders could go long once the share price moves above $2.10

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I continue to watch Tokai Pharmaceuticals Inc (NASDAQ:TKAI). The volume is still large so the stock could potentially break out again at any moment. Further rally could be seen to retest $1.85 short-term resistance. As long as the stock stay above the rising 20-day EMA, the bullish scenario is still intact. Accumulation on charts is rising and steady.

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Cheniere Energy Partners LP Holdings LLC (NYSEMKT:CQH) After taking a breather early this week, the stock broke out on Friday on heavy volume making a new 52-week high. I'll be watching the stock on Monday, looking for a follow through move. As long as the stock stays above $21.42, the bullish scenario still intact.

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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: CALA, CQH, IPCI, PTCT, REN, RENN, TKAI, WAC

17:51 | Permalink |

My Watchlist for Wednesday, September 14

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It's very clear that Wynn Resorts, Limited (NASDAQ:WYNN) wants to move higher again, but the stock needs to take out $105.16 first. The break of the resistance line with heavy volume should be the next buy point. If a breakout occurs, we could see an acceleration of momentum and move toward the 109.38-112 area. Watch the stock closely this week.

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Vonage Holdings Corp. (NYSE:VG) looks to be setting up for another upside move. The stock is in the top of a short-term trading range. Resistance is $5.97. At this stage it is definitely a wait and see if this resistance will be easily taken out by the bulls. Stay tuned.

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PTC Therapeutics, Inc. (NASDAQ:PTCT) Big bounce in the final hour on a weak market. The stock is coiling up in a tight pattern for a move higher. Breakout still possible.

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Amedica Corporation (NASDAQ:AMDA) is starting to heat up again and I expect to see it trading above $1.15 or better very soon. This bottom play has started to bounce nicely off its recent bottom and the momentum indicators are giving a clear picture of a short-term upward bias. I would not be surprised if it hit $1.19 at some point this week.

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MGT Capital Investments Inc.(NYSEMKT:MGT) is showing signs of bottoming out on the Hourly charts along with the MACD giving positive signals. It seems ready for a decent bounce to 3.7-3.75 levels where it faces some resistance.

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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: AMDA, MGT, PTCT, VG, WYNN

21:29 | Permalink |

My Watchlist for Tuesday, September 13

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PTC Therapeutics, Inc. (NASDAQ:PTCT) has a chart set to breakout. Price should become explosive if the stock breaks this horizontal resistance level. PTCT had a strong surge a few weeks ago and has been consolidating that move since then. A break of $8.75 with force might give the stock room to $12.

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Foamix Pharmaceuticals Ltd (NASDAQ:FOMX) poked through resistance on heavy volume and it was able to hold the gains. The next resistance level lies now at 11.26

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Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA) looks poised for a break to the upside. Waiting for a break above the 10.85 level for a long position. Price will continue to move up as long as it sustains above the rising 20EMA.

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Intersil Corp (NASDAQ:ISIL) continues to push higher and still looks like it has more to go. Price got a nice bounce today from the key support level of 19. This stock could be bought if it can break over $20.31 on good volume and price action.

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bluebird bio Inc (NASDAQ:BLUE) remains on my radar due to the recent run up on heavy volume. I plan to buy the stock on a break above $60 and add more on a break above $60.47

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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: ARIA, BLUE, FOMX, ISIL, PTCT

22:08 | Permalink |

Stocks to Watch for Aug 12, 2016

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Onconova Therapeutics Inc (NASDAQ:ONTX) saw a strong bounce on heavy volume today, closing above the 9-day exp moving average for the first time since June. Further rebound is expected to test the $4 level. If a break above this level occurs, price could eventually target the 4.50 region to the upside. Daily technical indicators are turning bullish. MACD is about to cross above its falling signal line and the RSI has bounced up a bit from the edge of its oversold zone. In addition, slow stochastic is trying to emerge from its extreme oversold zone. A solid base has been established around the 3.20-3.35 zone and I believe that the stock is poised to break through the 4 mark soon. I'm currently accumulating this stock.

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PTC Therapeutics, Inc. (NASDAQ:PTCT) Watch this bull flag formation. Good long setup, if it takes out the $8 level on volume.

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Seres Therapeutics Inc (NASDAQ:MCRB) showed more signs of strength on today's session, as the stock closed up $.52 on the day. It has strong resistance around the $10 level, and breaking above could take the stock to $12.25 in a very short time frame. Keep an eye on MCRB and be prepared for this upcoming move.

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On my watch list for tomorrow. Nice clean bounce off the 20-day EMA today. Shares of SCYNEXIS Inc (NASDAQ:SCYX) are starting to heat up again and are worth watching. If volume can pick up I think this stock can break through resistance at $2.22 and re-test its recent highs around 2.35

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Resolute Energy Corp (NYSE:REN) Some serious upside volume coming into this stock over the last few days. At the present level the stock is incredibly extended, anyway REN is now seeing blue skies as there is no resistance overhead. I'm bullish on the stock, but in situations like this (extreme overbought conditions) I prefer to wait for a pull back, rather than chase the market.

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Silver Standard Resources Inc. (NASDAQ:SSRI) broke out to a new 52-week high today accompained by a strong volume suggesting higher levels. The technical daily chart still showing a bullish bias. KD line shows positive signs as %K line is rising on top over %D line and RSI continue moving up. The MACD has also formed an upside cross. I suspect the stock may continue to appreciate over the coming days.

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LendingClub Corp (NYSE:LC) On watch. Nice bullish candle today. Has a gap to fill over 5.63

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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: LC, MCRB, ONTX, PTCT, REN, SCYX, SSRI

22:58 | Permalink |

Stocks to Watch for Aug 10, 2016

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Valeant Pharmaceuticals Intl Inc (NYSE:VRX) broke out and traded nearly 6x normal daily volume. Today's heavy volume was what we want to see when a stock breaks resistance. It has the potential to make a nice run on Wednesday. Momentum indicators are bullish now with RSI inching away above the middle level. The strongest sign of a bullish momentum is the MACD which has just started to increase. The ADX is also showing positive signs on the stock. Today’s high was $28.18, which is resistance for the follow through move. With a combination of good earnings and a breakout with high volume, we should see a continuation of the rally for a couple of days.

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PTC Therapeutics, Inc. (NASDAQ:PTCT) continued its bullish momentum closing the session with a gain of 2.68% at $7.8. Immediate resistance remains around $8. A clear break above that area could trigger further bullish pressure targeting the 100-day exponential moving average at $9.20. Momentum indicators also point to continuation of positive bias.

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Horizon Pharma PLC (NASDAQ:HZNP) made a significant move today closing above major resistance level of $22 on high volume. This breakout suggests a possible move to $23.10 in short-term.

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Sientra Inc (NASDAQ:SIEN) finally broke and closed above resistance in todays trading session after a period of consolidation. The heavy buying makes this an interesting situation and one worth watching on Wednesday. This momentum could push this stock much higher from here. Next resistance is now seen at $8.50

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Ambarella Inc (NASDAQ:AMBA) finally broke out of this bull flag pattern I posted last night.

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Still holding this low float stock. CombiMatrix Corp (NASDAQ:CBMX) closed higher today on decent volume as the stock is trying to make an upside move. It could be on the cusp of a big breakout to the upside.

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VirnetX Holding Corporation (NYSEMKT:VHC) surged more than 5 percent today accompanied by a good volume expansion. The stock is showing signs of bottoming out on daily charts along with the RSI giving positive signals. Gap over 2.66

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Vuzix Corporation (NASDAQ:VUZI) made a strong upside reversal, printing a nice bullish candle on solid volume. Resistance for tomorrow is $7.75, which was today's high.

If you want to contact me for advertising opportunities on blog or twitter, then get in touch via email

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: AMBA, CBMX, HZNP, PTCT, SIEN, VHC, VRX, VUZI

22:30 | Permalink |

AC Investor Blog

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

Monday, January 15, 2018

Trade ideas for this week

Thursday, February 16, 2017

My Watchlist for Friday, February 17

Sunday, November 13, 2016

My Watchlist for Monday, November 14

Saturday, October 01, 2016

My Watchlist for the first week of October

Tuesday, September 13, 2016

My Watchlist for Wednesday, September 14

Monday, September 12, 2016

My Watchlist for Tuesday, September 13

Thursday, August 11, 2016

Stocks to Watch for Aug 12, 2016

Tuesday, August 09, 2016

Stocks to Watch for Aug 10, 2016

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