AC Investor Blog

Stocks to Watch for May 04, 2016

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Valeant Pharmaceuticals Intl Inc (NYSE:VRX) Despite the bearish market action, the stock performed well closing the day with a gain of 9.59%. It looks to have bottomed technically. The stock is beginning to make a move higher and looks like it is gonna squeeze some shorts here. Any close above $38 could lead to a substantial gain in shares. It should be on your watchlist.

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Vringo, Inc. (NASDAQ:VRNG) finally broke out of the downtrend accompained by a strong volume and look poised to head higher. The stock hit a high of $2.17 which is now resistance for Wednesday’s follow through move. The daily technical chart is displaying a screaming buy divergence on the upside. Expect an initial run up to $2.78 with a break higher moving to the $3.50 zone. Momentum picking up with MACD climbing and RSI rising. Existing insider activity combined with a low float, may be the perfect catalyst needed to spark a short-squeeze buying explosion here. Lets keep an eye on it.

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Jacobs Engineering Group Inc (NYSE:JEC) needs to take out $45.41. The break of the resistance line with heavy volume should be the next buy point.

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Cheesecake Factory Inc (NASDAQ:CAKE) I like the idea of getting long with a stop below its 50EMA. The MACD is making a bullish crossover and the RSI is also rising. On watch.

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Advanced Micro Devices, Inc. (NASDAQ:AMD) There is a bullish pennant formation on daily chart. Play accordingly.

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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: AMD, CAKE, JEC, VRNG, VRX

22:30 | Permalink |

Chart setups to keep an eye on next week

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Forum Energy Technologies Inc (NYSE:FET) surged 8.77% Friday on one of the heaviest volume sessions this year, with 2.87 million shares traded. The broke out of a key horizontal resistance line and closed slightly below the high of the day, which now represents the next resistance for the follow through move on Monday. If a breakout above this level occurs, we could see a continuation of current momentum toward the 19.2-19.85 range.

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Krispy Kreme Doughnuts (NYSE:KKD) Should be on watch next week for a possible breakout out of current consolidation (Bullish flag). If a breakout above 17.53 occurs, we could see an acceleration of momentum and move toward the 18-18.60 area.

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Relypsa Inc (NASDAQ:RLYP) has been pulling back after massive one day rally on 7th of April. As you can see from the chart above, in this corrective phase the stock has found support on its rising 50-day EMA on multiple occasions. At this point and with the company being mentioned as a potential takeover candidate, traders could expect a strong bounce and a potential breakout of the downtrend line. CMF is positive and accumulation remain high.

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Despite the overall market correction, Friday was a good session for Gold stocks, including IAMGOLD Corp (NYSE:IAG). The stock gained another 22 cents, or 6.92%, breaking out of a consolidation pattern to the upside with volume backed confirmation. The daily technical chart above shows the stock is in a bull market rally as MACD is on top of signal line and in positive territory. In addition, the medium-term trend is also bullish as the stock is above the 50-day and 200-day exponential moving averages with both moving averages going up.

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DryShips Inc. (NASDAQ:DRYS) delivered nice gains for traders last week (Twitter alert). The stock closed the week with a gain of 65%. There were plenty of opportunities throughout the week to get involved in this particular sector and easily book a profit. For those of you that booked a profit, congratulations on a great week. From a technical perspective, we are now starting to look overbought in the short-term, so we could see some profit taking for a test of its 100-day EMA support.

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Paragon Shipping Inc. (NASDAQ:PRGN) was the stock of the week gaining more than 750% in just two trading days. After strong gains, the risk of profit taking is high, so play wityh tigh stops.

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Vringo, Inc (NASDAQ:VRNG) is a low float stock to keep an eye on. I am still watching VRNG shares of due to the recent price action, volume, news and momentum. Daily technical chart shows a possible reversal in the making. Most of its key indicators, particularly the MACD and the 14-day relative strength index are displaying positive divergences. Plus, the ADX indicator is starting to move into strong territory. Overall, the stock is showing some positive technical signs of reversing its long-term downtrend. If it breaks this downtrend line, the first target on a swing would be the $3.50 area.

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After the recent rally in oil stocks, Friday's pull back on Bonanza Creek Energy Inc (NYSE:BCEI) should be seen as a natural and welcome movement. As long as the stock closes above the 3.70 level, the Bullish trend intact.

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Apple Inc. (NASDAQ:AAPL) The price action on Friday created a potential/temporary bottom. A rise above the 95 level next week should confirm the reversal. Plus, the extreme oversold reading from the slow stochastic and RSI indicators, suggest that prices are due for some recovery and base building imho. Stop Friday's low.

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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, BCEI, DRYS, FET, IAG, KKD, PRGN, RLYP, VRNG

08:54 | Permalink |

Stocks to Watch for April 26, 2016

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Verastem Inc (NASDAQ:VSTM) shares closed higher for the third consecutive day on very impressive money volume. The trend continued higher based on the strong technicals. Today’s high is resistance for a follow through move on Tuesday. From a technical standpoint, the MACD just crossed above signal and the ADX chart is showing some strength in this movement, giving the "bulls" the signal they wanted. Watching 1.93 area for a squeeze. The company has a strong cash position of approximately US$110 million (as at December 31, 2015) or nearly $3 per share and zero debt.

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Oncothyreon Inc (NASDAQ:ONTY) showed strength all day and broke higher on heavy volume. Looks like higher prices to come.

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BlackBerry Ltd (NASDAQ:BBRY) is a stock that could head higher from Monday's close. It is in the process of bottoming and I expect a pop above $7.43 at some point in the coming days.

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I have Cepheid (NASDAQ:CPHD) on my watchlist. It may be ready to break out of this consolidation. The daily technical chart looks very good. Breakout watch over 36.08

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Pacific Biosciences of California (NASDAQ:PACB) Lets see if it breaks over $10.75. All major indicators are in favor of an upward price movement. Long set-up on watch.

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Vringo, Inc. (NASDAQ:VRNG) has been slowly gaining traction amid some buying pressure the last few days. A break through this 2.19 area could accelerate the stock higher.

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: BBRY, CPHD, ONTY, PACB, VRNG, VSTM

22:19 | Permalink |

Stocks to Watch for April 21, 2016

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BroadSoft Inc (NASDAQ:BSFT) had good volume and a nice candlestick on Wednesday. Buy point would be on the day it blows through $42.06 on heavy volume.

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Cadence Design Systems Inc (NASDAQ:CDNS) had a nice surge a few weeks ago and the stock has been consolidating that move since then. Looking good for higher prices, watch for break above consolidation area and go long.

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Fortinet Inc (NASDAQ:FTNT) is looking nice. If it clears back over 31.19, may have some good upside.

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KEYW Holding Corp. (NASDAQ:KEYW) has consolidated around 6.06-7.26 for the last two months and a break above the resistance level on heavy volume would be bullish. Volume is picking up again. Stay tuned.

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Red Hat Inc (NYSE:RHT) is in a bullish flag consolidation and could break to the upside. Long over 76.2 on volume.

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Vringo, Inc. (NASDAQ:VRNG) is again setting up for a potential swing trade on Hourly. Breakout watch over 1.99. From a technical perspective the MACD Histogram and RSI have turned up and RIS is again moving upward.

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: BSFT, CDNS, FTNT, KEYW, RHT, VRNG

22:51 | Permalink |

Stocks to Watch for April 15, 2016

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Vringo, Inc. (NASDAQ:VRNG) Guys, VRNG's light is shining bright again, just look at the technical daily chart. Upside volume is returning to the stock. Selling volume has been light, while accumulation days have been heavy. The stock closed near highs, which tells us there is more buying. All indicators are in favor of an upward price movement. MACD has generated a buy signal and is currently near to cross the zero line. This momentum could push this stock much higher from here, so keep VRNG on your radar for Friday’s trading day, as there is good upside potential in this move.

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Repros Therapeutics Inc (NASDAQ:RPRX) long was a great swing play. I hope you were able to take advantage of the easy gains that the stock provide for us on heavy volume. Stocks that trade the way RPRX did gave us plenty of opportunities to trade in and out for nice profits. If you locked in profits, congratulations!

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Alkermes Plc (NASDAQ:ALKS) Will continue to watch this stock. It has a nice gap to fill if it can break through resistance.

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Nokia Corp (NYSE:NOK) Nice price movement on solid volume. Next buy when clears 6.22 on heavy volume. Technical indicators are turning bullish. The MACD just initiated a bullish crossover and the RSI is rising above the 50% level.

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Plug Power Inc (NASDAQ:PLUG) good relative strength compared to the market today. Looks poised to break its EMA200.

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Canadian Solar Inc. (NASDAQ:CSIQ) Will watch to see if it can break this falling wedge.

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: ALKS, CSIQ, NOK, PLUG, RPRX, VRNG

22:49 | Permalink |

Stocks to Watch for April 14, 2016

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ACADIA Pharmaceuticals Inc. (NASDAQ:ACAD) is still trading around the $33 level which has been a strong resistance over the past several days. I now plan to buy the stock again if it can break Thursday's high of $34.06.

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Achillion Pharmaceuticals, Inc. (NASDAQ:ACHN) broke out from its sideways consolidation with a 3% rally and closed over the resistance area of 8.30. Keep this one on your radar over the next days.

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GoPro Inc (NASDAQ:GPRO) broke out above its declining 50-day EMA today and surged considerably higher amidst impressive buying pressure. It is getting some buying and looks poised to post some nice gains if the buying volume persists. I expect the stock to continue to gain investor interest going forward. Keep it on your watch list.

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Intrexon Corp (NYSE:XON) Price should become explosive if this daily chart pattern is broken to the upside with volume.

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BioMarin Pharmaceutical Inc. (NASDAQ:BMRN) is building an optimistic pattern under resistance at $91. Watch the stock closely for a break through that price level as a cue that the stock wants to go higher. Initial support at $85

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Gogo Inc (NASDAQ:GOGO) showed some nice strength today. The stock closed nicely above the major short-term MA levels with solid volume. Keep an eye for a possible breakout over 11.32

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Vringo, Inc. (NASDAQ:VRNG) There is a positive MACD divergence on the daily technical chart and this usually means that an upward movement is coming. Wednesday’s high was $1.95, which is resistance for the continuation move. There is a lot of upside in this trade, so keep this stock on your screen tomorrow.

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: ACAD, ACHN, BMRN, GOGO, GPRO, VRNG, XON

23:00 | Permalink |

Stocks to Watch for March 07, 2016

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I mentioned on twitter that Netflix, Inc. (NASDAQ:NFLX) was looking constructive (flagigng below the key EMAs) and that the 100 level may not hold. It did not take long for this to play out, as the stock price has just closed above these key levels. Also notice on daily technical chart how the stock has recently broken to the upside of the trend line from December 2015. We will have to see if the stock has the legs to reach the 105 level next week.

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Friday marked an important shift in CombiMatrix Corp (NASDAQ:CBMX) shares as they closed above the upper line of the declining trend channel that has been forming since December last year. CBMX was one of the big winners on Friday, closing up $1.22 on the day. The stock traded heavy volume (when compared to its daily average) as it hit a high of $5.91. This high is resistance for Monday’s continuation move. Looking at the technical chart I see a stock that broke a downtrend and cleared a sideways consolidation base. The first target is the 50EMA (could be easily broken) then $9. Keep this stock on your radar for Monday’s trading day. Note: thin name just 603.78K shares.

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Apple Inc. (NASDAQ:AAPL) In last week’s analysis of the daily technical chart, I had drawn a horizontal resistance line from which a break out seemed imminent and the "bulls" seem to have won this round. Now let's see if the break-out is confirmed next week. The daily technical indicators are looking bullish. The daily MACD is above the signal line and rising in positive territory. The RSI and slow stochastic are well inside their bullish regions. All short-term EMAs are rising, and the stock is rising above them. For now, the bulls are back in control.

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VirnetX Holding Corporation (NYSEMKT:VHC) has made an attempt to break above the key resistance level of $6 on Friday but it was not successful so the price is currently back to support area 5.45-5.30 (short-term EMAs 13&20). The price structure still suggest a short-term uptrend and therefore, in my honest opinion, it is possible that the bulls will regain control. All key technical indicators are also supporting the current short-term bullish trend. Only a close below the 200-day EMA would negate the bullish implications of this pattern. On watch.

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Vringo, Inc. (NASDAQ:VRNG) The past couple of days the price has been pulling back off its sharp rebound rally in the second half of February. Price has formed a flag formation. The confirmation of this bullish pattern is a break of the upper line. A sustained push above $2.35 level, where the upper line currently ends could take the stock up to 3.50 my first resistance. The A/D shows strong accumulation over the past 3 weeks. Stay tuned.

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Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) The daily technical chart shows that we are clearly in a downtrend, however some indicators are showing some positive divergences. We can see by MACD that the stock is losing momentum to the downside, while A/D also shows signs of accumulation. Watch this downtrend line carefully here and play accordingly.

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SolarCity Corp (NASDAQ:SCTY) Congratulations to all those who profited from Friday's twitter alert. The stock moved in line with my expectation and achieved my initial price target of $25, closing the gap. Going into next week, the stock may consolidate sideways within the 21.5-23.5 range before starting a fresh rise. My bias remains bullish and the short-term postive outlook would be negated only if the price declines below $20.

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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, ARNA, CBMX, NFLX, SCTY, VHC, VRNG

15:19 | Permalink |

Stocks to Watch for March 01, 2016

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BlackBerry Ltd (NASDAQ:BBRY) made a great move today closing above the 100-day exp moving average for the first time in seven weeks and was with an increase in volume, which shows us there are buyers in the stock. It has a lot of potential to be a big percentage mover. On the technical side, MACD and ADX all point to upward trend while RSI is also rising. Watch the stock closely on Tuesday, and once it breaks through $7.93, get ready to enter the trade.

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Sphere 3D Corp. (NASDAQ:ANY) displayed some impressive relative strength today with a 13.58% gain on volume above average. I think we will see some nice follow through tomorrow. The next major resistance area is around $1.89 (100EMA). Could be a high flyer on breakout.

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Build-A-Bear Workshop, Inc (NYSE:BBW) broke through a key resistance level today accompanied with decent volume, but did not have much momentum behind the move, so keep an eye on it to see if tomorrow will confirm the intraday breakout.

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Vringo, Inc. (NASDAQ:VRNG) made a nice upside reversal today in a weak market. It may be ready to break out of this potential bullish flag consolidation. Only a close above 2.78 would suggest further upside. Accumulation line is pointing up, which means it is under accumulation. The MACD is also moving higher. VRNG will move quickly, so keep it on your screen.

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Tableau Software Inc (NYSE:DATA) Will Continue to watch this stock. Potential breakout play. Watching over 46.32 with resistance at 50.20.

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GoPro Inc (NASDAQ:GPRO) Watch this trend line and play accordingly. Momentum indicators suggest continuation of positive bias for the stock. Lets keep an eye on it.

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: ANY, BBRY, BBW, DATA, GPRO, VRNG

22:03 | Permalink |

AC Investor Blog

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

Tuesday, May 03, 2016

Stocks to Watch for May 04, 2016

Saturday, April 30, 2016

Chart setups to keep an eye on next week

Monday, April 25, 2016

Stocks to Watch for April 26, 2016

Wednesday, April 20, 2016

Stocks to Watch for April 21, 2016

Thursday, April 14, 2016

Stocks to Watch for April 15, 2016

Wednesday, April 13, 2016

Stocks to Watch for April 14, 2016

Saturday, March 05, 2016

Stocks to Watch for March 07, 2016

Monday, February 29, 2016

Stocks to Watch for March 01, 2016

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