AC Investor Blog

Possible breakout plays to watch next week

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Im watching SCYNEXIS Inc (NASDAQ:SCYX) for a possible breakout from current consolidation. Long if it breaks consolidation over 3.72. A move above its 200-day EMA could lead to another wave toward 4.20 zone. SCYX will move very quickly, so keep a very close eye on the stock.

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Galectin Therapeutics Inc (NASDAQ:GALT) potential breakout trade above 1.18 resistance area (ascending triangle formation).

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Apple Inc. (NASDAQ:AAPL) Possible bullish consolidation pattern. Could accelerate if it breaks 120 resistance.

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OvaScience Inc (NASDAQ:OVAS) possible trend reversal trade if it breaks 1.65 resistance area. Could move toward 1.85 area if it breaks the EMA50 (Hourly). Volume surged in the last hour of trading on Friday, which is a strong indication of a potential breakout ahead.

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GenVec Inc (NASDAQ:GNVC) broke the falling wedge last week on the hourly chart and more bulls should join the party on a breakout above the immediate resistance line at 6.49. The short-term momentum indicators are starting to turn back higher.

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Honeywell International Inc. (NYSE:HON) shows an ascending triangle pattern formation on daily. Traders should watch for a breakout of the upper line. Breakout and sustaining above 118.71 will extend the uptrend.

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Cummins Inc. (NYSE:CMI) watch for a possible breakout out of current consolidation. Breakout watch over 141.08

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MagneGas Corporation (NASDAQ:MNGA) had good volume and a nice candlestick on Friday, closing slightly above the key 0.525 resistance level. MNGA could be at the beginning stages of a major uptick.

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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: AAPL, CMI, GALT, GNVC, HON, MNGA, OVAS, SCYX

20:13 | Permalink |

My Watchlist for Tuesday, January 10

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SCYNEXIS Inc (NASDAQ:SCYX) had a nice move on the upside today accompanied by strong volume and looks like it wants to go higher. Resistance stays at $3.73, which is a big area that the stock needs to break.

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Roka Bioscience Inc (NASDAQ:ROKA) broke through that critical 4.80 level today on heavy volume and looks to be heading higher. The stock hit a high of $5.26, which is resistance for Tuesday’s move. If the stock can break through resistance, we should see a strong follow through move. Next major resistance lies at $7. Watch the stock closely tomorrow.

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Novavax, Inc. (NASDAQ:NVAX) gave us a nice move on decent volume, which could be the start of a bigger move. The 1.50 level is pretty much the pivot here. If that breaks we could see 2 quickly.

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Keep a close eye on Vical Incorporated (NASDAQ:VICL) tomorrow. The stock looks right on the verge of a breakout. I think in the short term it could see $3 but let's see a test and close above of $2.51 first. Present daily technical indicators are in favor of Bulls.

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GenVec Inc (NASDAQ:GNVC) has started a resistance breakout of the 4.50 level. Further rise could be expected and next target would be at 6 area tomorrow. All technical indicators continue to point to higher prices.

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XOMA Corporation (NASDAQ:XOMA) looks like is close to attempting a BIG breakout. The stock hit a high of $5.26 but failed to close above this key resistance area. I expect to see a high volume move once the stock breaks through this level as traders are watching this stock closely. Stay tuned.

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Exelixis, Inc. (NASDAQ:EXEL) breakout on volume today. Looks ready to test the highs. In my view any pullback should be used to add long positions. Daily technical indicators are turning up.

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Cyclacel Pharmaceuticals Inc (NASDAQ:CYCC) showed buying strength all day. The 6.20 area is a critical resistance region that can determine overall bias for the stock in short-term. Keep an eye on these levels.

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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: CYCC, EXEL, GNVC, NVAX, ROKA, SCYX, VICL, XOMA

22:25 | Permalink |

My Watchlist for Wednesday, December 28

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FORM Holdings Corp.(NASDAQ:FH) finally broke out of the downtrend it had been on since October accompanied by good volume. I think we'll see some nice follow through tomorrow. The stock looks good here with plenty of room to run to the next resistance at $2.80. MACD and RSI are giving buy signals.

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Trillium Therapeutics Inc. (NASDAQ:TRIL) is stepping up after weeks of frustration. The stock is building momentum and broke out of a downtrend channel formation on decent volume today. The technical daily indicators are looking bullish. Slow stochastic and the Relative strenght Index have started to rebound from very oversold conditions. This stock should be on your watchlist this week.

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Conatus Pharmaceuticals Inc (NASDAQ:CNAT) continued its bullish momentum today gaining more than 37 percent. There are no changes in my technical outlook. The bias is bullish.

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SCYNEXIS Inc (NASDAQ:SCYX) could be gearing up for another run this week so make sure to take action and do not miss out on this opportunity. I like when insiders are buying back shares and last week they bought 29000, a good sign for the stock. Over 3.76 this could move fast.

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Dicerna Pharmaceuticals Inc (NASDAQ:DRNA) broke out in a big way today on solid volume. I think we'll see some nice follow through tomorrow. The next major resistance area is around the $4 area.

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We witnessed what I consider to be a FANTASTIC trading session on Dataram Corp (NASDAQ:DRAM). The stock exploded from a low of $1.50 to a high of $1.92 for a nice Intraday move of 28% trading more than 1.3 Million of shares. The stock closed at $1.91 just under the high of the day, above the EMA200. Congratulations to all those who profited from yesterday's alert.

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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: CNAT, DRAM, DRNA, FH, SCYX, TRIL

22:21 | Permalink |

Here's my watchlist for the week ahead

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Fitbit Inc (NYSE:FIT) An intraday close above horizontal resistance $16 would bring expectations of a spike higher towards $18 followed by $18.85 (April highs). From a technical standpoint, indicators are looking bullish. MACD crossed back above signal line and is moving up in positive territory. AD is also rising and RSI has moved above its 60% level. The stock is a short squeeze candidate, with a short float at 38% equivalent to 7 days of average volume.

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FORM Holdings Corp. (NASDAQ:FH) I alerted this one on Twitter/blog last week as a potential mover and the stock did what it was supposed to do, closing yesterday above the 200-day EMA for the first time in months. Price showed a lot of strength in afternoon trading, moving steadily higher toward the closing bell and should continue this upside move next week. The stock hit a high of $2.71, which is resistance for Monday’s move. I expect to see another strong upside move to $3 and better in the coming sessions.

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Tokai Pharmaceuticals Inc (NASDAQ:TKAI)This is one you should keep your eyes on for the next couple of days. My system detected unusual call buying in the Oct/Nov 5 and 7.5 calls respectively last Thursday. On September 8th, the company announced that its Board of Directors has initiated a review of strategic alternatives for the company focused on maximizing stockholder value. So, i believe that someone might already know something and is betting on a strong move higher. The stock is very close to resistance, above the resistance line is bullish. The Accumulation line also spiked with price action which could act as a near-term catalyst as well. For the reasons mentioned above, i started a position.

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AK Steel Holding Corporation (NYSE:AKS) In the last week, I have been mentioning that support for stock should hold in the range of 3.9 to 4. Notably, the stock held up very well this area, relative to many of its peers. With the support holding well inside 3.90 ranges, my outlook stays exactly what it has been for past 4 days. Afterthe tumble the stock has taken since the July Highs, AKS is certainly starting to look cheap and a bounce could occur from here. On the upside the critical resistance is 4.35 and a break over that will support the above mentioned view. On the flipside any break below 4 should bring further consolidation. Watch the stock closely next week.

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Minerva Neurosciences Inc (NASDAQ:NERV) closed at 14.31 on Friday, reconfirming the new uptrend after the recent break of the 13.75 resistance level. Because of this, I feel that this stock is ready to go towards its next target of $15.84 level (52-wk high). From the daily technical chart we can see that the stock is on a bull market as it is trading above all EMAs and MACD is above Zero line.

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Revance Therapeutics Inc (NASDAQ:RVNC) had a strong day on Friday and broke through its 50 and 100 EMAs. The volume confirmed the breakout as it was greater than average. The stock might fill the gap next week.

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SCYNEXIS Inc (NASDAQ:SCYX) good relative strength compared to the market on Friday. Key resistance is located at $3.35, a break above this level will confirm a new bullish trend and the following uptrend will take price up to $3.75 zone. The RSI is moving higher again, which is a sign of growing strength in the stock. I think its worth adding to your watchlist.

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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: AKS, FH, FIT, NERV, RVNC, SCYX, TKAI

11:43 | Permalink |

My Watchlist for Thursday, August 18

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Valeant Pharmaceuticals Intl Inc (NYSE:VRX) gained 12.78% to $30 after analysts at Morgan Stanley upgraded their rating to overweight and raised its price target to $42 per share from $33. The stock cleared key resistance level, signify a breakout and bullish reversal that support further follow-through and an initial test of the declining 100-day exponential moving average around the $34 levels. Keep on watch list.

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Onconova Therapeutics Inc (NASDAQ:ONTX) has the perfect set up to make a nice run here. The break out point would be at 3.92. Trajectories of momentum indicators are turning up again and A/D chart shows serious accumulation. If it breaks above the 3.92 level, it could reach an initial target of 4.50 and then a secondary target at 4.75. Keep it on your screen on Thursday.

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SCYNEXIS Inc (NASDAQ:SCYX) traded higher on Wednesday gaining nearly 26% after Guggenheim initiated coverage on shares with a Buy rating and $15 price target. Stock finally broke out of the bottom base formation accompanied by heavy volume. Momentum indicators are flashing bullish signals, with MACD climbing and RSI rising. Look for a quick run to $3.02 then on to 3.50.

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Auris Medical Holding AG (NASDAQ:EARS) hit my scanner today with some impressive volume and closed up 39%. I expect some follow through on Thursday. The MACD has a positive crossover and the RSI remains in buy mode.

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VirnetX Holding Corporation (NYSEMKT:VHC) is displaying a screaming buy divergence on the upside. A strong short-covering rally should emerge sooner or later. Keep it on your watch list going forward.

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Aurinia Pharmaceuticals Inc (NASDAQ:AUPH) needs to take out the $2.75 resistance area in order to convince bullish buyers at these levels.

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EZCORP Inc (NASDAQ:EZPW) Resistance Breakout. Go long on the break of Wednesday’s high at 10.21

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Netflix, Inc. (NASDAQ:NFLX) Watch this trend line for a upside break at $97 for short-term direction.

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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: AUPH, EARS, EZPW, NFLX, ONTX, SCYX, VHC, VRX

22:29 | Permalink |

My Watchlist for Monday, August 15

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Tobira Therapeutics Inc (NASDAQ:TBRA) broke out of a bottom/accumulation pattern. Friday's volume was the highest in the past one month and the rally was helped by the strong accumulation of traders on the buyside (strong participation). Over the last four trading sessions, TBRA has witnessed green candles on increasing volume. So, I hope that everyone has had an opportunity to take a look at the stock since it is on the uptick. With the RSI rising off an extreme oversold position and with MACD crossing over the signal line, the stock looks prime for a strong bounce. Technical indicators point to TBRA being in an upward trend already but this could be just the beginning of a breakout that could bring good returns. Plus, two analysts have reiterated/raised their price targets (Cowen $11 and H.C. $31) on TBRA in the past week. If momentum continues we could see a Major Potential Bounce that could possibly send the stock to +$6.

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Dicerna Pharmaceuticals Inc (NASDAQ:DRNA) price action is coiling up slightly below the 50MA in anticipation of a breakout with directional conviction. Only a close above 3.46 would suggest further upside. Accumulation line is pointing up, which means it is under accumulation. The MACD is also moving higher. DRNA will move quickly, so keep a very close eye on the stock.

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ZIOPHARM Oncology Inc. (NASDAQ:ZIOP) The major resistance has been broken in this daily technical chart. The price can move up to $5.62-$5.75 in the short-term. The stock has been doing well recently as +DI line is on top of -DI line with MACD on top of signal line. Now that the stock is above this horizontal resistance line more buyers should be coming. The stock hit a high of 5.48, which is resistance for Monday’s move.

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Shares of BlackBerry Ltd (NASDAQ:BBRY) got a nice boost Friday following an upgrade from Raymond James, closing the session with gains of over 2.5%. Analyst Steven Li raised his rating on the stock to outperform and hiked his price target to $10.5. From a technica perspective, the stock has made a strong bounce off of the lows that were posted in June with high volume and looks poised to clear this major resistance area. If a proper breakout happens at $8.36 we can see a target of $9.46

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Himax Technologies, Inc. (NASDAQ:HIMX) broke the downtrend line that it established since April and traded nearly 3x normal daily volume. The close near its high on Friday, should bode well for the stock in the coming week. From a technical standpoint, the stock is now trading above all the major short-term EMAs and the MACD triggered a new buy signal, indicating that a new upward cycle has begun. Let's keep an eye on it.

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We finally got the breakout in Seres Therapeutics Inc (NASDAQ:MCRB). Shares rallied past resistance of $10.08 and hit my trigger to open positions. I will be watching the stock on Monday, looking for a follow-through move.

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SCYNEXIS Inc (NASDAQ:SCYX) has been trying to bottom for a couple of days now. There have been some pretty bullish candles forming on daily and it seems to me like it is ready to turn up. Honestly, i believe the stock may attempt to go higher from here. If the near-by support at $2.10 (EMA9 & 13) holds up next week, a rally up to the $2.35 level is probable or even possible. Recent insider activity has been very BULLISH, which means the executives are optimistic about the company and the stock is really worth buying. The daily technical chart above continue to show a bullish bias. The MACD line is pointing up. RSI is also increasing and the +DI is starting to get ready to cross -DI. Immediate resistance is $2.22. If the stock can break through this area, we should see a strong upside move. Watch SCYX closely on Monday.

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AveXis Inc (NASDAQ:AVXS) was a big winner Friday, as the stock closed up $5.7 on heavy volume. I feel that there will be a continuation move next week, but i want to see a close above 41.50 before I buy. There are several short term technical indications suggesting that AVXS could make a move to higher levels. Worth putting on the watchlist.

This weekend and as usual in the past weeks, I would like to talk about the new feature introduced by Stockal in the app, it’s called Confidence Meter. Basically this new parameter aggregated analyst opinion for any stock. Stockal takes inputs from about 200 Wall St analyst firms, then on the basis of individual firm reputations and past performance history, they create unique analyst profiles that are taken into consideration while coming out with a unified Confidence Meter. It’s an interesting little parameter because it converts tons of textual opinions and ratings (upgrades/downgrades) into solid numbers that can be analysed, charted out, compared etc! Stockal seems to be giving pretty good results for its new parameter, Benzinga recently wrote about it too. To get Confidence Meter and other modern investing signals for your stocks, you should take a look at the Stockal app - (iPhone) and (Android). By the way, you can also trade in the app via your favorite brokers and chat with other investors, experts and friends. Do give it a spin !!

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: AVXS, BBRY, DRNA, HIMX, MCRB, SCYX, TBRA, ZIOP

09:16 | 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 |

AC Investor Blog

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

Sunday, January 15, 2017

Possible breakout plays to watch next week

Monday, January 09, 2017

My Watchlist for Tuesday, January 10

Tuesday, December 27, 2016

My Watchlist for Wednesday, December 28

Saturday, September 17, 2016

Here's my watchlist for the week ahead

Wednesday, August 17, 2016

My Watchlist for Thursday, August 18

Saturday, August 13, 2016

My Watchlist for Monday, August 15

Thursday, August 11, 2016

Stocks to Watch for Aug 12, 2016

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