AC Investor Blog

My Watchlist for Friday, March 24

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Cemtrex Inc (NASDAQ:CETX) is showing signs of a short-term trend reversal. The stock broke this downtrend line today and the volume spiked along with move, which could be a sign that a bounce could in order. Lets see whether the stock can gather enough momentum to break through $3.38 tomorrow (declining EMA13). If the Bulls are able to push through this level, there will be another rally towards $3.64. The daily technical indicators are also showing signs of reversal. On watch.

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Regulus Therapeutics Inc (NASDAQ:RGLS) is showing signs of an upcoming breakout. Watch the flag formation closely. A move above $1.30 would constitute a technical entry for the short-term trader looking for a quick trade.

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Gevo, Inc. (NASDAQ:GEVO) Looks like a bottom formation (potential rouding bottom) in progress on the daily candle chart. A breakout over $1.13 on volume would send this flying. Technical indicators are also giving the first bullish signs. On watch.

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Superconductor Technologies, Inc. (NASDAQ:SCON) After a big rally on Tuesday and Wednesday, the stock has been pulling back on volume. It's now consolidating and is still above all of its major short-term exponential moving averages. The short-term trend is bullish and a move to the $1.50 again appears likely.

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Pacific Biosciences of California (NASDAQ:PACB) Great run on very strong volume surge. Price has started to bounce and broke out from a small descending channel today closing above resistance 4.84. The stock seems to be ready for another run up. Some technicals are turning up here. Further strength above 5.13 opens the door to 5.32. Put her on your radar.

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Sierra Wireless, Inc. (NASDAQ:SWIR) has been on fire the past few months, and looks ready to make another upside move. The stock broke out of a consolidation range today as the stock closed up $1.6 on the day. Thursday’s high was $30.60 which is resistance for Friday’s continuation move. As long as the stock stay above 29 area, the bullish scenario is 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: CETX, GEVO, PACB, RGLS, SCON, SWIR

22:01 | Permalink |

Stocks to Watch for May 03, 2016

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Apple Inc. (NASDAQ:AAPL) failed to break through its key technical support level for the second time and may be close to reversing course here in the short-term. The stock is in a clear downtrend mode and it is still to early to say that this downtrend has ended, however the daily technical chart is showing signals of extremely oversold conditions which can lead to powerful rallies in response. Let's see if it reverses.

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PPL Corp (NYSE:PPL) shares finally broke out above their previous high in April. The big picture has drastically changed now, the medium-term trend remains bullish and in shorter time frames the stock has just breached the horizontal resistance line confirming a breakout. As long as the stock trades above $38 I will be looking for long opportunities.

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Parkway Properties Inc (NYSE:PKY) has a daily technical chart set to breakout. As of current, the MACD has crossed above the signal line, triggering a buy for the short-term. Breakout watch over $17.26

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Cypress Semiconductor Corporation (NASDAQ:CY) Big bullish candle on expanding volume today. Looking good to go higher. Monday’s high of $9.61 is resistance for the next upside move. If the stock can break through this level, we should see a strong move. CY can be a good trading stock, so keep it on your radar for the next few days.

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Bloomin' Brands Inc (NASDAQ:BLMN) is flagging here. Watch for a break of 19.38 to continue the uptrend.

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Keep an eye on Sierra Wireless, Inc. (NASDAQ:SWIR) and monitor its volume for any potential breakouts. If the stock can manage a breakout above 16.52 on high volume, it would be a great buying opportunity but only on a breakout.

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xG Technology Inc (NASDAQ:XGTI) is a penny stock that could head higher from today's close. XGTI surged on massive volume. It continues to garner some attention. At some point the stock will explode to the upside. Keep it on your watch list. A break of $.11 with force might give the stock room to $.20

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: AAPL, BLMN, CY, PKY, PPL, SWIR, XGTI

22:49 | Permalink |

7 Setups to Watch Next Week

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GOGO has been basing for the last three weeks, recently running up from the bottom of the sideways channel near 10.36 to the top at around 11.30 in just 4 sessions. This pattern could be broken to the upside in the next couple of days. If a breakout occurs, we could easily see an acceleration of momentum and a move towards the 12.50 area. MACD and KD show buy signal as MACD is back above signal line and %K line is on top of %D line. Plus, the accumulation distribution line on the daily chart shows steady buying pressure. Based on the information of this chart, GOGO is definitely a candidate worth watching. In other words, we could see some buying come in early next week. Gogo Incorporated still has a high short interest of 16 million shares, so if it breaks and close above the 11.30 level, we could see a short squeeze and a big move up. Note: Someone bought lot of calls last week (May $13 strike).

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Yamana Gold Inc. (NYSE:AUY) on Friday jumped 30 cents, or 9%, on very heavy volume of 20.8 million shares and broke definitely out of the pennant formation which the stock has consolidated over last two months. With strong commodity prices (Gold), we could see continuation of current momentum in the stock towards the $4 area.

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Barrick Gold Corporation (NYSE:ABX) had a follow through day to the upside, as this could be the start of a possible breakout move. Volume was on the light side, but once the stock breaks out we'll see an upturn in buying. I'm keeping resistance around the 15.50 level for the breakout move. Once ABX breaks through, we should see a heavy increase in buying. On watch.

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GoPro Inc (NASDAQ:GPRO) may be ready to break. The price action has remained under its daily 50-day exponential moving average for some time, however, there are many positive divergences, which suggest a possible price reversal at these price levels. A break above $12.88 on a close basis would be bullish. Let's keep an eye on it.

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United States Steel Corporation (NYSE:X) keeps holding the major support nicely (rising 13EMA). Shares may be in a consolidation phase following a nice trend. Keep an eye for a possible breakout over $17.04.

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Sierra Wireless, Inc. (NASDAQ:SWIR) after nearly two months of consolidation in the 13-14.7 area, broke out Friday. This move confirms a potential trend reversal and the start of new momentum imho, which could move the stock towards the $15.20 area short-term.

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New Gold Inc.(NYSEMKT:NGD) broke out of a consolidation range, to make new 52-week highs. The stock hit a high of $4.19, which is resistance for Monday’s move. I still feel there is more upside in this stock and will watch it again next week. Keep a close eye on the stock for the follow through move.

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: ABX, AUY, GOGO, GPRO, NGD, SWIR, X

14:47 | Permalink |

AC Investor Blog

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

Thursday, March 23, 2017

My Watchlist for Friday, March 24

Monday, May 02, 2016

Stocks to Watch for May 03, 2016

Saturday, April 09, 2016

7 Setups to Watch Next Week

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