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Friday, January 10, 2014 

Stocks to Watch for January 13, 2014

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Tesoro Corporation (NYSE:TSO) is in a bullish pennant pattern just above the 56 area after a steep rise from the 40 level in October. A break above 59.57 could move the stock towards levels not seen since May 2013, when the stock price was near 65. Keep the stock on watch if it crosses the resistance line.

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Facebook Inc (NASDAQ:FB) has been flagging in recent sessions after a 5% spike on Monday. Technical Indicators are showing bullish signals supported by rising MACD and RSI on the daily charts. Daily EMAs are also rising with the stock price trading above them. Breakout watch above 58.96.

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Dynavax Technologies Corporation (NASDAQ:DVAX) Setting up to take out this major resistance area to the upside. If the stock price breaks that level on high volume, one can go long with a tight stop at 1.78.

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Oncolytics Biotech, Inc. (NASDAQ:ONCY) looks to have bottomed out. Today volume surged past 1 Million shares and mostly on the buy side. I think we could see a nice bounce here, at least a 20-30% bounce in my opinion. On the technical daily chart, MACD shows a positive divergence and it's in a buy mode. The Momentum Indicator RSI is also supporting the bullish view.

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Synergy Pharmaceuticals Inc (NASDAQ:SGYP) has moved up nicely over the past four sessions and is once again near the highs. If the stock can break over 5.82 it would be a buy. On watch.

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Achillion Pharmaceuticals, Inc. (NASDAQ:ACHN) is in breakout mode. There is a Big gap to fill above. Keeping an eye on 3.99/4.07 area with volume.

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NQ Mobile Inc (ADR) (NYSE:NQ) are starting to heat up again and are worth watching next week. If volume can pick up, I think this stock price can break through resistance at $15.36 and re-test its recent highs around 16.3

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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23:38 | |

Thursday, January 09, 2014 

Stocks to Watch for January 10, 2014

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Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA) made a nice bounce off its 50-day EMA today and gained more than 4% on solid volume. It is been consolidating gains for nearly 2 weeks. The stock price looks to be setting up for a move higher here. Keep it on watch.

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NQ Mobile Inc (NYSE:NQ) is looking like a good bounce play for tomorrow. There are many supports at these levels between 13.31/13.89 and the stock reacted very positively today. This is very constructive price action, as it pulls back on lighter volume.

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Hilltop Holdings Inc. (NYSE:HTH) Looks like it is getting ready for a breakout soon. Buy area when clears $24.05 on heavy volume.

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WidePoint Corporation (NYSEMKT:WYY) Worth eyeing. Bounced off its 20-day EMA and looks poised to break this Bull Flag Formation. Go long when it breaks the upper band. Keep this one on watch list.

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Delcath Systems, Inc. (NASDAQ:DCTH) had a strong surge on BIG volume today. The stock price is inching closer and closer to another breakout move. Buying momentum is still positive and strengthening. Long setup.

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Tesoro Corporation (NYSE:TSO) I'm stalking this stock to see if it clears 59.57

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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22:40 | |

Wednesday, March 27, 2013 

Thursday March 28th watchlist

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NVIDIA Corporation (NASDAQ:NVDA) has started to bounce and broke out from a falling wedge today closing above resistance 12.6 level. The stock seems to be ready for another run up. Some technicals are turning up here.  Further strength above 12.72 ( 200-day MA ) opens the door to 13. Put her on your radar.

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Tesoro Corporation (NYSE:TSO) Keep this small Cup with Handle on your watch list. Breakout watch over 60 on volume.

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Vonage Holdings Corp. (NYSE:VG)  has consolidated around 2.75-2.88 for the last two weeks and a break above the resistance level on heavy volume would be bullish. Stay tuned.

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Archer Daniels Midland Company (NYSE:ADM) is looking nice. Volume is picking up again. Next buy when clears 33.13 on volume.

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Lions Gate Entertainment Corp. (USA) (NYSE:LGF) The stock continues to act well above the breakout point. Next buy area when clears 24 on heavy volume.

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Groupon Inc (NASDAQ:GRPN) Stock price finally broke out one of the most important resistances in the short term at 6.17 with volume, so stock is now ready to move up to next resistance at 6.50

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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21:30 | |

Wednesday, January 23, 2013 

Thursday January 24th watchlist

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Microsoft Corporation (NASDAQ:MSFT) had a great move on the upside today and closed above its 50-day EMA for the first time since November 2012. A break through today's high could see a rapid move back up to the $28 resistance area.

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Rubicon Technology, Inc. (NASDAQ:RBCN) is getting some buying and looks poised to post some nice gains if the buying volume persists. Higher volume often indicates reversal points. The stock displayed relative strength today and broke out above resistance at the $6.50 level. This could be the start of a nice run. A lot of technicals are saying RBCN is about to take off. Continue to keep this stock on your radar.

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Keep Zynga Inc (NASDAQ:ZNGA) on your watch list. A break of $2.49 (50-day EMA) with force might give the stock room to $2.66

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Tesoro Corporation (NYSE:TSO) is on a good upward run but a resistance level has formed at $45.44, setting up for a possible resistance breakout trade. Keep it on your radar.

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Bottomline Technologies (NASDAQ:EPAY) seems to have broken out of an ascending triangle with 27.74 as resistance,  closing higher with good volume. Target price for the ascending triangle is at $30. The MACD seems to confirm the breakout, but RSI is near overbought level. If tomorrow, this stock gaps up, wait for a pullback to get in.

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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22:49 | |

Tuesday, August 14, 2012 

Tuesday's Stocks to Watch, Aug 14

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E TRADE Financial Corporation (NASDAQ:ETFC) is flagging here. If it breaks $8.62 it will absolutely fly into the 9's right away. Watching for another pop on this one.

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A nice recovery for this stock from 2.20 last week to 3.63 yesterday. Pizza Inn, Inc. (NASDAQ:PZZI) is now overbought and may need to work this condition before heading higher again, however history has shown that stocks can run overbought for quite some time with a bullish MACD. Resistance for Tuesday’s move is $3.94, which reflects Monday’s high of the day. I will watch PZZI closely today for this continuation move. 

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Viropharma Inc (NASDAQ:VPHM) Look for the break above the 24.92 level to enter longs.

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Sprint Nextel Corporation (NYSE:S) has been in an upwards trend the past few weeks and looks ready to continue this move. The stock is worth watching today especially if the market shows strength. Resistance is $5.09, which reflects Monday’s high of the day. The technical chart above also looks pretty good as the golden cross has formed late June, RSI is around 80 and MACD is above 0. There could be profit taking as S seems to rise too quickly in a short time. However now that the stock is in breakout mode, we should see the trend continue to be upward. Keep the stock on your radar for Tuesday’s trading session. The stop loss should be placed few cents under the support $4.60.
 
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Tesoro Corporation (NYSE:TSO) hit new highs of $39.23 on Monday, which is resistance for the follow through move on Tuesday. If the stock can break through highs, we should see another high volume move as the stock moves higher. 

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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11:38 | |

Sunday, December 28, 2008 

Stocks to watch next week - CIEN, AMZN, TSO

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

TSO - The technical chart looks really positive after the stock crossed the 12 level, but honestly the volume was not good enough to be convincing. The near-term outlook stays cautious till the stock closes conclusively above $12. So far the technical chart is still showing buy signal with stock trading above 50 day moving averages with MACD on top of signal line and K line on top of D line. Short-term traders can hold their longs with a stop at $11.

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

AMZN - The stock reversed direction near 55 level last week. This level is proving to be a strong resistance zone. A strong trend would not be in place unless the stock closes above this level, while a close below nearby congestion support in the 50 area would predict a test of short-term uptrend support near 45. The uptrend continuation scenario is slightly more likely at the moment. Shareholders may remain invested with a stop-loss at 50.

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

CIEN - The short-term outlook remains bearish and a drop to the 5.75-6 range appears likely. Short positions may be considered with a price target of 5.75-6 and a stop-loss at 6.64 ( 20 dma ). The weak outlook would be negated only on a close above 6.64 on heavy volume. The long-term trend is bearish.

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 Folks. See you Monday !!

AC

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22:44 | |

Saturday, December 20, 2008 

Stocks to watch next week - RIMM, CNC, TSO, HUN

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

RIMM broke the downtrend line on strong volume and could eventually rally up to test the November highs. However there is a strong resistance to break before move to $50 zone, the 50- day moving average at $45,85. Technical indicators remain slightly bullish as MACD momentum drifts higher near recent highs in positive territory, MACD histograms drift higher the 0 level and RSI moves up. Let's keep an eye on it.

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

HUN - The price movement in the last couple of days indicates that the stock has formed a short-term bottom at $3. A move to the 3.70-4 range appears likely. On the other hand, a close below 3.30 would be an early sign of weaknes.

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

CNC - Looking at the daily chart the near-term outlook is very positive and a move to the Rs 21-21.47 range appears likely. The stock broke the downtrend line on heavy volume. Exposures may be reduced on an evidence of resistance at this range. The uptrend continuation scenario is slightly more likely at the moment. Shareholders may remain invested with a stop-loss at 18.11.

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

TSO - The technical daily chart shows the stock has been on a downward trend in the recent weeks. It staged a reversal on Wednesday. Hold with a stop-loss at $10. The shortg-term outlook is bullish and the stock could seek higher levels of 14-15. Fresh exposures may be considered on a move above 11.86.

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 Folks. See you on Monday !!

AC

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09:03 | |

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  • I'm a 48 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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