AC Investor Blog

Stocks to Watch for July 21, 2016

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Today's close was notable for aTyr Pharma Inc (NASDAQ:LIFE). The stock closed the session gaining more than 16% at 3.06 and it appears that the momentum is just beginning. Shares broke the downtrend line that has been in effect since December last year. Wednesday’s volume was the highest in the past three-months. It could be on the verge of making a stronger move upwards. Technical indicators are looking bullish and support a further climb with an initial price target of $3.60. Plus, some top executives have been acquiring shares for the past few months showing the management is bullish of the company's outlook. Let's see what Thursday brings.

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Tableau Software Inc (NYSE:DATA) broke a key resistance level today pointing the way for further move up. Dailt technical indicators such as MACD is confirming the upside movement and the volume was significantly higher compared with last two days. Go long on the break of Wednesday’s high at 57.82.

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GameStop Corp. (NYSE:GME) finally closed back above its 200-day moving average and remains well above its 100 and 50-day EMAs. I'll be watching the stock on Thursday, looking for a follow through move. Resistance reflects today’s high of $31.32. GME will move very quickly, so keep the stock on your screen throughout the day on Thursday. From the chart, looks like the next major resistance is at $33

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Square Inc (NYSE:SQ) Watch this one as it approaches the resistance area. Needs to take out 9.77 (declining 50EMA). The break of the resistance with heavy volume should be the next buy point on SQ.

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Relypsa Inc (NASDAQ:RLYP) Price bull flagging above the 200EMA, while the small pullbacks have been on declining volume. Watch this flag, any break on volume can be played accordingly.

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Ocean Power Technologies Inc (NASDAQ:OPTT) The monster move continues. The stock shows no signs of slowing down. For momentum traders, this stock could be one to get into for a shorter-term play with tight stops.

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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: DATA, GME, LIFE, OPTT, RLYP, SQ

22:15 | Permalink |

This is my watchlist of stocks for Monday

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What a week my readers/twitter followers had with some amazing gains on multiple stocks from my watchlist. Some of you may remember my Tuesday's post about this monster stock alert. Kura Oncology Inc (NASDAQ:KURA) closed the week with a gain of 79.58% over the previous week. The stock showed great momentum and had great trading volume. If you're still in KURA make sure you have your downside protected. Congratulations to all of you that took advantage of this pick and think of me when you spend some of your well-earned gains. I will wait for a pullback to enter long again.

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Calithera Biosciences Inc (NASDAQ:CALA) is one for the bottom pickers. The stock has had a rough time over the past weeks but the selling pressure seems to have dried up. The selling that brought the stock to $3.24 has slowed, and since last week the accumulation has been building. Strong volumes and sharp volatility indicate investor uncertainty which often precedes a trend change. In my view, the stock has formed a bottom and I expect a move past 3.66 to take the stock towards the target of 4.20 with stop-loss at 3.20. From a technical standpoint, there are some signs of an imminent bounce due to the positive divergences (MACD Hist, RSI & CMF), which often leads to short covering. Plus, the Parabolic SAR triggered a Buy signal for the first time since May. Fundamentally, the stock seems to be undervalued at current levels with a good balance sheet and zero debt. The percentage of shares held by institutional and mutual fund owners is 75%. A big bounce could be brewing.

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Relypsa Inc (NASDAQ:RLYP) Earlier this month, the stock broke the downtrend line and cleared the declining 200-day EMA on expanding volume. Price pulled back last week on low volume and successfully tested the 200-day EMA (new support / prior resistance). Following a short-lived pullback, the stock resumed the upside Friday with a big bullish candlestick on solid volume. This could lead to a test of the 21.98 high within the coming days, which is why RLYP has been added once again to my watchlist for next week. From a technical perspective, the key EMAs I monitor (9-day EMA, 13-day EMA, 20-day EMA, 50-day EMA and 100-day MA) are confirming the recent strength in the stock. On the daily technical chart above, notice the 20-day EMA (light blue line) crossed above the 100-day EMA (Pink line) late in June. Also, the 50-day EMA is now above the 100-day EMA and trending higher. Plus, the MACD is rising above its signal line in positive territory and the RSI has moved above its 50% level. A move above $21.98 next week opens the door to $25. I continue to support the idea of a significant rally, probably even above the April highs. The bulls remain in control as long as it continues consolidating its recent move.

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Chimerix Inc (NASDAQ:CMRX) Rallied over 5.5% Friday on decent volume. The stock is trading near the high end of its one-month range. A break of this key resistance level (4.07/4.10) would send it to 4.56. All major indicators are displaying bullish signals.

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Rambus Inc. (NASDAQ:RMBS) finally closed the week above the $12.50 mark, gaining 64 cents or 5.28% since last week’s closing, to settle at $12.75. A break over Thursday's high could push it to test $13.25. All short-term EMAs are rising and the stock is trading above them. The bulls are back in control.

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Apple Inc. (NASDAQ:AAPL) has been in an upwards trend the past few days and looks ready to continue this move. To confirm the reversal, price needs to close above the declining 100-day EMA with heavy volume. The short-term trend is bullish as the stock is above all key short-term exponential moving averages. Additionally, MACD lines are going up and RSI still climbing. I suspect the stock may continue to appreciate over the coming days. Stop should be placed around 96 (rising 20-day EMA). Keep this one under radar.

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Westport Fuel Systems Inc (NASDAQ:WPRT) In a Potential double bottom formation. The immediate resistance is around 1.57/1.6 which the stock will likely to test next week. A close above this key resistance area is a pre-requisite for the reversal of the bearish trend.

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I continue to watch Zagg Inc (NASDAQ:ZAGG) because the volume is still large, so the stock could potentially break out again at any moment. Keep an eye for a possible breakout over $6.51 The technical daily chart still showing a bullish bias.

Guys, if you've been using Stockal and think that it's an interesting tool - do try to leave a review for it on the app store. If you think it needs to improve in certain aspects since it's just getting started, do let me know and I will have your feedback directed to the Stockal guys. In case you haven't Stockal yet - download and try it now! The app puts investing indicators together with curated data, collaboration and trading in one place for you! You can link your brokerage account with the app and buy/sell stocks directly on Stockal using the intelligence it gives. Cool right! Have you tried the Chat feature yet? You can actually see stock summaries within chat if you mention stocks like <$AAPL> while chatting with a friend. And you can also buy/sell right from within chat. These guys are also working on Group Chat and Expert Chat channels where you can invite groups of peers to chat with or you can follow some expert chat channels to get info and ideas all the time and without waiting!

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: AAPL, CALA, CMRX, KURA, RLYP, RMBS, WPRT, ZAGG

21:09 | Permalink |

Good looking setups in the biotech space for next week

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ACADIA Pharmaceuticals Inc. (NASDAQ:ACAD) jumped 3.31% Friday on solid volume crossing the 20-day exponential moving average and breaking key resistance at $34.58. These signs, show high probability for continuation of the current bullish momentum in the next couple of trading days. We could see extension of this new momentum towards the 36 area. Daily technical indicators are supporting the bulls. The MACD is curling up while the RSI is moving up and above its 50% level. Plus, the accumulation/distribution line is also rising on the charts, which represents buying. On watch for continuation.

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Relypsa Inc (NASDAQ:RLYP) looks strong on charts. The stock yesterday closed above its 200-day exponential moving average of 19.74 with high volume. Its daily technical indicators are showing positive signal and its price bars are trading above the major EMA's, denoting the current positive tone may turn into a new uptrend soon. The daily MACD continues to trade in the positive zone and the A/D is also turning up which means there is more money flowing into the stock. I remain bullish on RLYP.

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Sarepta Therapeutics Inc (NASDAQ:SRPT) displayed relative strength last week and price finally broke through the 200-day EMA on decent volume. The close near its high on Friday also should bode well for the stock in the coming week too. From a technical perspective, the MACD indicator just crossed above signal and the stock is now back above all the major EMAs, giving the bulls the signal they wanted. It has momentum back on its side. I will be watching the stock on Monday, looking for a follow through move. Next major resistance lies around the 24.3/60 area.

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Clovis Oncology Inc (NASDAQ:CLVS) price action is coiling up here in anticipation of a breakout w/ directional conviction. I have highlighted a potential ascending triangle pattern, which if confirmed would project a target around $17. Also take note that on the daily time-frame the MACD has been moving up and the RSI is in the bullish zone, indicating bullishness. CLVS will move very quickly, so keep a very close eye on the stock.

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Valeant Pharmaceuticals Intl Inc (NYSE:VRX) is starting to heat up and I would not be surprised if it hit $25 at some point next week. This bottom play has started to bounce nicely off its bottom and momentum indicators are giving a clear picture of a short-term upward bias (MACD, Slow stochastics and RSI are all rising). If the stock can break through $24.25, we should see strong volume drive the stock higher. A lot of eyes are on VRX right now so make sure this is on your radar screens.

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Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) seems to have bottomed and is ready for a decent bounce to 1.80 levels where it faces some resistance. We will have to watch the stock around those levels. If you are long, initial stoploss should be placed at 1.56 (trendline). Let's keep an eye on ARNA as i think momentum will pick up.

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The iShares NASDAQ Biotechnology Index (ETF) (NASDAQ:IBB) also closed sharply higher last week, recovering from the weakness caused by the Brexit event that drove the index into its lowest level since February. Although the index is getting stretched, the technical indicators suggest there is more upside and the rally should continue next week targeting the next resistance levels at 285 and 289.

For this weekend, I definitely recommend everyone to try this application while it still free. If you are an individual investor and keep looking for various ways to manage your stocks smartly, it might be a good idea to download the Stockal app to discover and follow stocks. In times when most apps and websites overwhelm you with data, "Stockal" pre-analyses tons of information and gives you very simple indicators for every stock out there. These indicators tell you how a stock is likely to perform; and Stockal creates these by crunching analyst reports, news, social chatter and company revenue figures. So you get a holistic view of any stock. You can also read analyst articles, news, curated Twitter & StockTwits chatter etc - all in one place, without having to visit multiple websites or apps. Cool thing is, here's a platform where you can also link your brokerage account so that you can seamlessly place trades whenever ready. "Stockal" currently works with TD Ameritrade, Fidelity, E*Trade, Robinhood, OptionsHouse, TradeStation and a couple more brokerages. It's all just as secure as your brokerage account. Get the app here: iOS , Android They have a great IT team and management. I will definitely keep an eye on the progress of this project and will let you guys on a weekly basis the new features that they will introduce.

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: ACAD, ARNA, CLVS, IBB, RLYP, SRPT, VRX

18:30 | Permalink |

Stocks to Watch for July 08, 2016

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Sodastream International Ltd (NASDAQ:SODA) The Aug $25 calls saw some activity today, suggesting someone is getting aggressive in the expectation of higher prices. The stock hit a high of $22.74 which is now resistance for Friday’s follow through move. Could make a nice move to the upside. A break of $22.74 with force might give the stock room to $24.38 (June 2015 highs).

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Relypsa Inc (NASDAQ:RLYP) is setting up for another run. The stock price is inching closer and closer to another breakout move. Buying momentum is still positive and strengthening. 19.74 is the level to watch for a breakout.

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XG Technology Inc (NASDAQ:XGTI) made a strong run in the last hour of the day, closing near highs. The stock is now back above the 9 day exp moving average which is bullish. From here we can expect a run to the $1.40 area and from there we could see an explosive upsurge to $1.74 and better. Let's keep an eye on her as i think momentum will pick up. Stop 82c

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MGT Capital Investments Inc. (NYSEMKT:MGT) continues to perform relatively well and appears poised to breakout. All major EMAs are rising with the stock trading above them. Breakout watch over 4.59

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Microvision, Inc. (NASDAQ:MVIS) looks about ready to pop. Daily technical chart shows a Bullish MACD crossover which indicate we have more room to the upside. If the stock price breaks and closes above the 1.85 level on volume, then we will know the next major move up is likely. I added today.

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Alibaba Group Holding Ltd (NYSE:BABA) Setting up to take out this resistance area to the upside. If it does so on high volume, one can go long with a tight stop at 77.31 (200EMA).

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: BABA, MVIS, RLYP, SODA, XGTI

21:58 | Permalink |

Stocks to Watch for July 06, 2016

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MGT Capital Investments Inc. (NYSEMKT:MGT) continues to perform strongly and appears poised to breakout. A sustained break of $4.59 should bring the stock price to a test of the recent highs in the $5.50 area. Keep it on watch.

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Lipocine Inc (NASDAQ:LPCN) Excellent strength relative to broad market. The stock broke out into the gap area on decent volume today and there is a high probability for a trend continuation in the next sessions. The RSI is curling up and the accumulation line is moving higher. The stock hit a high of $3.48, which is resistance for Wednesday’s move. If the stock can break through resistance, we should see a follow through move. Watch the stock closely tomorrow.

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Relypsa Inc (NASDAQ:RLYP) started the day negative but turned things around to close up nicely. Daily technical indicators are looking bullish. The MACD is above its signal line in positive territory and the RSI is back above the 50 level. RLYP has a high short interest of 19 million shares, so if it breaks and close above the 19.74 level, we could see a short squeeze and a big move up.

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IAMGOLD Corp (NYSE:IAG) broke out from its sideways consolidation today with a 3.13% rally and a close over resistance at $4.50. Look for follow-through on Wednesday with increasing volume to confirm today's move.

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NVIDIA Corporation (NASDAQ:NVDA) might attempt to breakout above $47.50 level again and if it succeed we should expect a nice move to the upside.

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: IAG, LPCN, MGT, NVDA, RLYP

22:05 | Permalink |

Stocks to Watch for July 05, 2016

After a well deserved break I'm back to share with everybody FREE trade ideas. It was really a great time to unwind some of the pressure of markets and hope you all understand. I would like to remember everybody that you can follow me here, on Stocktwits, or on Twitter in real-time. I want to thank all my readers and blogging friends for the role that each and everyone had in the course I've been doing. Many thanks for the comments, the friendship and the support.

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Bluebird bio Inc ((NASDAQ:BLUE) showed relative strength last week and price broke through its downtrend line that it established since Dec 2015 on decent volume. MACD & ADX finally triggered the buy signal indicating that a new upward cycle has begun. The stock is now going to test the next resistance level at $47.66 which is the 100-day EMA. I'll be watching the stock on Tuesday, looking for a follow through move. It has momentum back on its side.

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Relypsa Inc (NASDAQ:RLYP) is currently displaying a large symmetrical triangle pattern along with some positive divergences showing up in the Daily indicators. The RSI also continues to support the bullish case with a move higher in bullish territory. Once the stock breaks through the upper line of triangle, we should see a heavy increase in buying. Another good point of interest is the high amount of shorts in the stock. If a buyout rumor gains traction again, then we could see a short squeeze which will lead to a significant upside move. I'm long here.

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MGT Capital Investments Inc. (NYSEMKT:MGT) The short-term exponential moving averages continue to support the trend of the stock as it still rises. The daily MACD lines are also trending upward. Let’s see whether the stock can gather enough momentum to break through Thursday’s high. If the Bulls are able to push through 4.59 next week, there will be a rally towards 5 area.

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Dicerna Pharmaceuticals Inc (NASDAQ:DRNA) was a big winner on Friday as the stock ended up $.54 on the day. I will be watching the stock on Tuesday for a continuation move through Friday’s highs of $3.63. Although this big white candle is encouraging the near-term outlook stays cautious till the stock closes conclusively above the declining 100-day EMA (yellow line) on heavy volume.

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Twitter Inc (NYSE:TWTR) By looking at this daily technical chart, is very clear that the stock wants to move higher again, however it is approaching a long term resistance level that the stock has struggled to break in the past. Price needs to take out $18 level to continue higher. Watch the stock closely next week.

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Platinum Group Metals Limited (NYSEMKT:PLG) displayed some impressive relative strength on Friday with a 16.81% gain. Volume starts to pick up again. Could make a nice move to the upside. MACD lines are going up. A break of $4.04 with force might give the stock room to $4.50. On watch.

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NovaGold Resources Inc.(NYSEMKT:NG) Keep an eye on this one next week, setting up to break this resistance area. MACD and ADX both signal positive strength. The stock is trading above all major EMAs, also a bullish sign.

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Facebook Inc (NASDAQ:FB) On my watch list for this week. The MACD just produced a new buy signal. I would watch for a breakout over the $116 region.

While I was away, Stockal has continued to evolve towards its objective of becoming the numer 1 stock app for retail investors. So, Stockal (which is still FREE) gets you simplified investing indicators such as ConfidenceMeter (from Analysts), SocialMediaPulse (from trader chatter), Sentiment (from News and conversations on StockTwits/Twitter) and Revenue Predictions (of underlying companies, from thousands of analyst estimates). Interestingly, now you can trade via the app by just linking your brokerage account to it. They work with all the top brokerages of the country. Not just that, if you feel like you need a friend or an expert's opinion before trading or if you find an article worth sharing, then you can use Stockal Chat as well.

Stockal will release a paid version soon. So, get the free app before the plan ends.

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: BLUE, DRNA, FB, MGT, NG, PLG, RLYP, TWTR

19:48 | Permalink |

Stocks to watch in the coming week - I will be in vacations for 3 weeks

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/Stocktwits and a great increase in the number of followers on twitter that has almost reached 17000 followers. Then, announce that in the next 3 weeks I will be on vacation and will not be back to update the blog until 04th of July. But before I leave you, I added few charts with potential ideas for next week. Good luck to all of you.

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United States Steel Corporation (NYSE:X) shares may be in a small consolidation phase following a nice trend. Daily technical indicators are bullish. The MACD is rising above its signal line and entered positive territory, while the RSI remains above its 50% level. Plus, all major EMAs are moving up with the stock above them. The stock is likely to make another attempt to cross the resistance zone between 17.92 and 18 in the coming sessions, so stay tuned. It needs to close above this level to indicate a continuation of the rally. Stop 15.79

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Relypsa Inc (NASDAQ:RLYP) The stock has held up better than its peers recently, and despite the selloff on Friday, the price has failed to break below the key 18 support level and its 20EMA, closing the day with a Bullish candle and near the highs of the session. The technical chart looks decent here, with a small descending channel that could resolve to upside. For now, this looks likely to return to the 21 region to continue the recent range. The top management has been very bullish about the company. The director Schuetz Thomas J. and CFO has purchased 37,000 shares this year. I'm Bullish on stock.

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Wynn Resorts, Limited (NASDAQ:WYNN) With the price clearly consolidating at current levels, we could see a short-term bounce here, but even if that scenario happens, I would need to see a move back above 102 to continue the uptrend. Near-term support is at 96.67 and resistance at 103.36

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McEwen Mining Inc (NYSE:MUX) had a very good bullish rally last week accompanied with large volume. The stock is now near the red line as RSI approaches the 70 level. It may still move up some cents but I expect a correction any time as I have observed that a lot of indicators have already reached overbought levels. While we may see a slight pull-back very soon this stock is on fire and any pullback should be used as a buying opportunity.

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Consolidated Edison, Inc. (NYSE:ED) is breaking out. The stock broke through the highs set in March and should continue to move. All daily technical indicators are supporting the bulls. EMAs are moving up. RSI is moving up and above its 50% level. In addition, MACD also in buy mode. This technical chart is clearly telling us that the place to be in ED is on the long side, however you should be prepared for the possibility of a pullback to test the breakout line. Watch the stock closely next week.

Just a quick and last note: Many of my friends and followers have been using Stockal app this spring and have been giving great feedback. Thanks very much guys! Good that you find it useful. Do keep your feedback coming. Those who haven't used it yet - download now! Stockal helps you discover "moving" stocks all the time. Not after their prices have already moved, but before or during. It also puts news feed, analyst reports, social media feed and company predictions together for you to consume all in one place. So you don't have to sign-up for newsletters or figure out who to follow on social media or subscribe to analyst reports. On top of that, Stockal gives you very useful signals for every stock out there - like what the aggregated opinion of Wall St analysts, sentiment movement, revenue prediction and social media pulse. These leading indicators point to the direction in which a stock could move. Get the iPhone app and Android app on their website at Stockal dot com. By the way, the apps are totally FREE for you.

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: ED, MUX, RLYP, WYNN, X

07:27 | Permalink |

Stock to watch for next week

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Lets take a look at Relypsa Inc (NASDAQ:RLYP) activity in the light of the recent successive price increases. Looking at the daily technical chart above, we can see that the stock is positively reacting to the recent events. The good side of this stock technically is that the MACD is still rising above the zero line and the RSI is above its 50% level, so this stock is still bullish for now even if it is still consolidating. As long as the price trades above the $18 level, there is no threat for any sharp fall in the near-term. Immediate resistance is around the 21.30 area. A strong break above this hurdle can take the contract higher to the next targets of 23 and 25.6. Options traders continue to bet on more gains. Hope next week we see breakout.

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ACADIA Pharmaceuticals Inc. (NASDAQ:ACAD) looking strong. With more than 25% of the float short, the stock should continue to move higher, despite the fact that it has already enjoyed strong gains. Keep an eye for a possible breakout over 36.88. The rumors about an acquisition are circulating again.

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Ocean Power Technologies Inc (NASDAQ:OPTT) has been pulling back on low volume after massive one day rally on Wednesday. As you can see from the 30m chart above, in this corrective phase the stock has found a strong support on its rising 50-day EMA on multiple occasions (yellow line), forming a nice base. With MACD showing signs to enter the positive territory (positive divergence) beyond the centreline, a firm break of $4.08 on the upside would take the stock to the next immediate resistance at $5. A lot of people have shorted this stock over the past 2 sessions (A/D chart still showing accumulation) so we could see shorts pushing OPTT higher.

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Put FORM Holdings Corp. Common Stock (NASDAQ:FH) on your agenda next week. The rally into the green late Friday afternoon, tells me that buyers are aware of the potential of this stock on positive news that could come at any time. The company has just under 14M shares in the public float and it could have an impact on upward pricing. OPTT rally last week should be considered as a serious warning for shorts. From a technical standpoint, MACD continues to make higher lows (Positive divergence). This is a clear sign that the bulls are slowly starting to gain momentum over the bears. A trend reversal looks imminent.

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Can Fite Biopharma Ltd (NYSEMKT:CANF) price had a nice surge a few weeks ago and has been in a correction mode. The stock is now displaying upside momentum and is poised to move higher from these levels. Nearest resistance for the stock is at $3.10. If this level is crossed and the stock is able to sustain above this level, then it might go to $3.59. Keep an eye on CANF next week.

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Whiting Petroleum Corp (NYSE:WLL) is another stock I am watching closely. On the chart above, we can see that the stock is currently trading within an ascending triangle formation and needs to break 13.2 on higher volume to really start moving. Despite recent pullback, the daily RSI remains above 60 levels and may support the bullish argument. Additionally, the MACD still show the stock is on the positive swing. On watch.

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Shares of Lion Biotechnologies Inc (NASDAQ:LBIO) soared 43.45% or 28 cents to $8.65 per share on heavy trading volume Friday after announcing a new CEO and raising about $100M in a private offering. It broke out of a major resistance area around 8.40's and it will be very bullish if it can continue to rally next week. Friday's high is immediate resistance on the upside for another fast short squeeze.

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The stock price of Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) has recovered smartly since the low of 1.48. It is currently in a short-term uptrend and may move up to 2/2.05 on volume trading. Technical indicators are bullish.

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Rambus Inc. (NASDAQ:RMBS) stock seems to have broken out of an inverted Head and SHoulder pattern formation last week. Can get interesting. Keep close eye on this one for a major rally to the upside. Stop 11.72

Just to inform: The Stockal app got nominated as Best In Class among Trade Idea Platforms and Apps at the Benzinga Fintech Awards in New York last week. Here's something about their "Trending Stocks" feed: they take 3 parameters into account - analyst opinion (from top Wall St firms), social media buzz and changes in stock sentiment. Unlike most other platforms where Trending Stocks are decided based on what is being discussed most, Stockal helps discover 20 stocks every few minutes on the basis of these 3 parameters together. What this does is that the stocks that emerge have a higher probability of price movements. Many people say they have come across stocks, on Stockal, that they would have otherwise not paid attention to. So give Stockal the app a spin and say if it helped you discover some interesting stocks (that moved). Here's a link to their iOS app and their Android app . By the way, the apps are totally FREE for my readers.

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: ACAD, ARNA, CANF, FH, LBIO, OPTT, RLYP, RMBS, WLL

14:22 | Permalink |

AC Investor Blog

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

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