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Thursday, January 16, 2014 

Stocks to Watch for January 17, 2014

( click to enlarge )

WidePoint Corporation (NYSEMKT:WYY) closed strong on Thursday, as the stock ended the day at highs. The technical daily chart shows a continuation of the trend with MACD and RSI in the Bullish areas. This stock is on the top of my watch list due to the recent price action, volume and momentum.

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Biotech stocks continue to move higher and GTx, Inc. (NASDAQ:GTXI) is getting ready to retest September highs. The stock hit $2.36 on September 20th 2013, which is resistance for its next move. The daily chart of GTXI suggests a strong confidence in stock, a clear uptrend momentum. The accumulation/distrubition indicator is also tredning higher. Long setup. Stop 1.72

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The stock price of Baxano Surgical Inc (NASDAQ:BAXS) looks strong enough to move forward. The recent increase in trading volume and the rising OBV suggests buyers are accumulating the stock. A breakout above $1.35 would constitute a technical entry point for the short-term trader, looking for a quick trade.

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Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA) The chart is showing a slightly bullish bias. Let’s see whether the stock price can gather enough momentum to break through 6.97. If the Bulls are able to push through this level, there will be another rally towards 7.75.

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Stemline Therapeutics Inc (NASDAQ:STML) The stock price is showing signs of a potential reversal trend. Looking for a breakout above 22.23

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Super Micro Computer, Inc. (NASDAQ:SMCI) The stock broke resistance on Thursday, which should be the start of another upside move. Resistance is $18.19, which reflects Thursday’s high of the day.

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Teck Resources Ltd (NYSE:TCK) needs to take out 26.21 in order to convince bullish buyers at these levels.

During the day I tweet many times to my readers. I encourage everybody to subscribe AC Investor Blog twitter and newsletter, so you can receive my trade ideas and stock news in real time.

Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.

Thanks for visiting AC Investor Blog.

AC

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23:14 | |

Tuesday, December 11, 2012 

Wednesday December 12th watchlist

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Super Micro Computer, Inc.(NASDAQ:SMCI) About To Breakout ? After over two months of remaining below $10, SMCI could be in the early stages of a big rally. Today, the stock moved higher and I would not be surprised if it tests the $10.5 level before the year ends. The technical daily chart shows an inverted head and shoulders pattern with positive MACD and rising RSI. The stock is now trading above 20-day and 50-day moving average, a bullish sign. The volume is also picking up. A break above 9.50 offers an objective of 11.15. Fundamentally, this company is profitable, it had sales of $1.04B, which gives a price to sales ratio of 0.32, a reasonable balance sheet with a current ratio of 2.24, a debt equity ratio of 0.11 and has promising forward PE of 8. SMCI should be watched closely.

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Shares of Research In Motion Limited (USA) (NASDAQ:RIMM) today broke out of a bullish consolidation pattern that has been a pause in its steep more than 45% up move in November. Look for follow-through on Wednesday with increasing volume to confirm today's move.

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Green Dot Corporation (NYSE:GDOT) on the way to test the $13 level again. The technical daily chart above shows that stock has consolidated into a really tight range lately and is still trading within a rising channel that started in October. With the stock again above the 50/100 day moving averages and stochastic moving up, it looks like the stock is heading for the top of the channel again !!!

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NVIDIA Corporation (NASDAQ:NVDA) broke the downtrend line on Monday and closed above its 50-day moving average today on high volume. This technical daily chart tells you that the place to be in NVDA is on the long side. The next major resistance resides around the 13 price region. Only a close above this level would suggest further upside.

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The short-term outlook for Groupon Inc (NASDAQ:GRPN) is bullish. Fresh long should be made only when the stock closes above 4.88 with an up candle.

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Power One Inc (NASDAQ:PWER) is showing signs of bottoming out on the charts along with the MACD and Stochastics giving positive signals. The price can move up to 4.79-5 in the short-term. Good base building around 4.

During the day I tweet many times to my readers. I encourage everybody to subscribe AC Investor Blog  twitter and newsletter, so you can receive my trade ideas and stock news in real time.  

Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.

Thanks for visiting AC Investor Blog.

AC

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22:29 | |

Sunday, August 24, 2008 

Stock Picks and Trade Ideas for the week ahead - SMCI, CIEN, RMBS, MER

Chart courtesy of www.stockcharts.com ( click to enlarge )

Merrill Lynch price action has remained under its daily 20-day moving average ( white line) for some time, however, a rising daily MACD momentum has begun a bullish divergence suggestive of a price reversal at these price levels. A break above $25.75 would be bullish. Let's keep an eye on it.

Chart courtesy of www.stockcharts.com ( click to enlarge )

RMBS - Thursday's rally was one of the strongest of the year. This strength is confirmed by price movement as well as two momentum indicators. MACD and KD show buy signal as MACD is above signal line and K line is on top of D line. The stock has held support at the $15.76 ( 20-day moving average ) level and is displaying a screaming buy divergence on the upside.

Chart courtesy of www.stockcharts.com ( click to enlarge )

CIEN - Momentum has been rising since the August low's and has reflected a strong divergence buy setup. The stock is now testing the 20-day moving average and I think offers a good perspective into the overall sentiment. If a breakout occurs, look for upside price targets in the previous $21 area.

Chart courtesy of www.stockcharts.com ( click to enlarge )

SMCI - The stock is in overbought condition from a technical standpoint and the chance of trend reversal appears high. Consider shorting Super Micro Computer shares keeping the stop loss at day's high level. This strategy is only for those who are willing to take risk, as the stock could move up quite sharply at a fast pace.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's All. See you Monday !!!

AC

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12:16 | |

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  • I'm a 44 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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