AC Investor Blog

My Watchlist for Monday, October 17

( click to enlarge )

FORM Holdings Corp. (NASDAQ:FH) has been on fire since the start of September and looks ready to make another upside move. The stock broke out of a consolidation range as the stock closed up 45c on the day. Friday’s high was $3.55 which is resistance for Monday’s continuation move. As long as the stock stays above the EMA200, the bullish scenario is still intact. Technical daily chart shows bullish signs with A/D line rising and MACD on top of signal line. I alerted this one several times last month after have detected unusual insider acitvity. I still holding my long position. My stop-loss was adjusted to 2.92 (rising EMA20).

( click to enlarge )

MGT Capital Investments Inc. (NYSEMKT:MGT) Great run last week on stronger above average volume. Next week the stock needs a close over the horizontal resistance line around the 2.62 level to turn chart bullish on a breakout to the upside. Getting above and staying above this key level would be bullish for the stock and should lead to further upside momentum going forward. On watch.

( click to enlarge )

Yirendai Ltd (NYSE:YRD) Broke out on Friday on decent volume. Excellent relative strength to broad market. Let's see if next week the stock will confirm the breakout. On the technical side, chart looks Bullish with all major EMAs going up and MACD on top of 0, RSI in a Bullish area too.

( click to enlarge )

Tokai Pharmaceuticals Inc (NASDAQ:TKAI) I use arguments based on charts to determine my view on a security, and all factors about TKAI were mentioned on Saturday's blog post. As long as the accumulation/distribution line stays in an upward direction, my bias is bullish. The accumulation / distribution line is often considered a leading indicator, because it shows when a stock is being accumulated or distributed, foreshadowing major price moves. For that reason, i will not change my view unless it breaks and closes below the 1.40 support level. Short-term EMAs also support the bullish bias, all are rising. Only time will tell if I was right.

( click to enlarge )

CSX Corporation (NASDAQ:CSX) tried to break out on Friday but the weak market pulled the stock down from its high. The stock hit a high of $31.73 which is now resistance for Monday’s follow through move. Although this uptrend is encouraging, the near-term outlook stays cautious till the stock closes conclusively above the 31.50 level on heavy volume. Bulls could remain invested with a stop loss on its rising EMA20.

( click to enlarge )

Resolute Energy Corp (NYSE:REN) recorded a new all-time high on Friday as it broke over $31.05. It continues to show impressive strength. The stock hit a high of $33.10, which is now resistance for Monday’s continuation move. The pivot points on the hourly chart above can be used to determine good points to buy or sell.

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: CSX, FH, MGT, REN, TKAI, YRD

21:25 | Permalink |

My Watchlist for the first week of October

( click to enlarge )

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.

( click to enlarge )

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.

( click to enlarge )

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.

( click to enlarge )

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.

( click to enlarge )

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.

( click to enlarge )

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

( click to enlarge )

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.

( click to enlarge )

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.

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

17:51 | Permalink |

Stocks to Watch for Aug 12, 2016

( click to enlarge )

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.

( click to enlarge )

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

( click to enlarge )

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.

( click to enlarge )

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

( click to enlarge )

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.

( click to enlarge )

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.

( click to enlarge )

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

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

22:58 | Permalink |

Here are 7 Stocks to Keep An Eye On

( click to enlarge )

Chesapeake Energy Corporation (NYSE:CHK) finally broke out of a large base formation last week and closed on Friday just slightly below a key resistance level at 5.69 (200-day EMA). A break of this level in the next couple of days could lead the stock towards the 6.50 area. Daily technical indicators are in bullish zones and showing upward momentum.

( click to enlarge )

Adverum Biotechnologies Inc (NASDAQ:ADVM) is one stock that has sold off the past few weeks, but Friday’s move could be the start of a turnaround. On the daily technical chart, we can see a few technical signals suggesting that a swing higher may be in the cards in the short-term. First, the MACD is displaying a positive divergence. At the same time, we see that the daily stochastics are showing positive momentum from oversold levels (%K line has just rose on top of %D line), which should reinforce a move higher if near-term resistance at $3.26 is taken out. Finally, the relative strength index (RSI) is starting to bounce back from oversold territory. The company currently has 247.1 million in cash and is trading on a market cap of 87M. Bargain hunters should find this stock on Monday. ADVM will move very quickly, so keep a very close eye on the stock.

( click to enlarge )

I have been watching VirnetX Holding Corporation (NYSEMKT:VHC) over the past few days, waiting for a possible upside move. On Friday's session, we have seen high volume at the bottom, which was probably buying activity. The bulls hardly tried to close above the 100-day and 200-day EMAs, but did not succeed. However, the daily technical indicators are improving significantly. The RSI value is increasing and the MACD indicator just made a bullish crossover. I'm using $4.51 as resistance for this upside move. If the stock can close above this level next week, we should see a reversal of this downtrend. Stay tuned.

( click to enlarge )

I continue to watch this stock. The volume is still large so Vuzix Corporation (NASDAQ:VUZI) could potentially break out again at any moment.

( click to enlarge )

SCYNEXIS Inc (NASDAQ:SCYX) broke resistance on Friday, but was not able to make the expected move. Friday’s high was $2.35, which is resistance for the follow through move on Monday. If the stock does break resistance, I expect to see a strong upside move. Looking at the daily technical chart above there looks to be more room in this move, so watch the stock closely over the next few days.

( click to enlarge )

Resolute Energy Corp (NYSE:REN) is trading near its all time high (potential bullish flag formation). Buy only when the stock breaches $8.30. The stock seems to be consolidating at higher levels to work out the overbought signal.

( click to enlarge )

Newmont Mining Corp (NYSE:NEM) has been in a nice uptrend since mid April. After hitting up to a high 41.68 in the second week of July, the stock pulled back to its breakout point and looks to be setting up for another upside move. If the stock can break through that resistance, we should see an increase in volume as traders like to watch this stock. Hold your current position with a stop at $38.97.

I continue to support this app project and will do everything I can to help this fantastic team to create one of the best financial apps out there. The Stockal app is getting pretty good reviews and it's still a free app .You could download and use it for tracking and trading in all your stocks - getting news, analysis and social chatter all in one place; along with interesting investing signals that can help you decide better/faster. Best part - your brokerage will appear inside Stockal itself and you can link your account. Interestingly, the Stockal data is available on their website as well. If you like the site and find things like "Trending Stocks" useful, you can download the app to make an account and start trading there through your broker. Here're the app links: iOS app and Android app . We need your feedback in order to improve what has been created.

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: ADVM, CHK, NEM, REN, SCYX, VHC, VUZI

11:33 | Permalink |

AC Investor Blog

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

Saturday, October 15, 2016

My Watchlist for Monday, October 17

Saturday, October 01, 2016

My Watchlist for the first week of October

Thursday, August 11, 2016

Stocks to Watch for Aug 12, 2016

Saturday, July 23, 2016

Here are 7 Stocks to Keep An Eye On

About Me

FREE NEWSLETTER

Support AC

Follow me

Advertising

PREVIOUS POSTS

TRANSLATOR

Site Information

Stock Market Blogroll

Friends BLOGROLL

ARCHIVES