AC Investor Blog

Stocks to keep an eye on April 29, 2015

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58 com Inc (NYSE:WUBA) broke the rising wedge chart pattern to the downside (bearish reversal) that was previously published here on decent volume. A retracement to 71.06 (13EMA), 70 or 66.54 seems likely. The technical indicators are also supporting a possible correction.

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Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) stock has broken out of a major resistance area that targets a move to 14 in the short-term. If it can clear this big resistance hurdle around the $14 level a rally to retest of $15.30 or more appears possible.

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Medivation Inc (NASDAQ:MDVN) failed to close above the resistance level of $129 (13 & 20EMAs). This resulted in a sharp drop today. The recent price patterns suggest that the downward move could continue. A decline to the 118-115 range appears likely. A close below $115 would impart further weakness and would push the stock to the $106.59-110 range.

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BlackBerry Ltd (NASDAQ:BBRY) Lets take a look at BBRY’s activity in the light of the recent successive price increases. Looking at the daily technical chart, we can see that the stock is positively reacting to the recent events. It is still consolidating as seen from the intertwining of the 3 major exponential moving average lines. The good side of this stock technically is that the MACD is still rising above the "0" line and RSI above its 50% level, so this stock is still bullish for now even if it is still consolidating. Keep an eye for a possible breakout over 10.46

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500 com Ltd (NYSE:WBAI) The stock has failed around the strong resistance at 18 again and the daily MACD is about to trigger a sell signal. You know my opinion about the funfamentals of this company. Technically, the trend is reversing to the downside.

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, MDRX, MDVN, WBAI, WUBA

22:37 | Permalink |

Stocks to keep an eye on April 27, 2015

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Ibio Inc (NYSEMKT:IBIO) This Daily technical chart popped up on my scanner and I feel it's one that should make its way onto your watch-lists for next week. Yesterday the stock experienced the biggest volume since the February highs, signalling renewed interest from investors. You can see on the chart above by comparing the volume bar to the other volume bars. Large surges in volume like we had on Friday should always raise an eyebrow, since volume is one of leading indicators for technical analysis. I think we have here an explosive situation on our Hands! The daily technical chart is forming a large Cup and Handle pattern, which usually resolves in bullish fashion. A breakout would be confirmed when the price breaks above the level of 1.40. The momentum indicator is also rising, which adds further strength to the bullish evidences. Another sign of strength is that the stock has been sustaining above its key EMAs over the past few trading sessions and the RSI indicator is also rising in positive territory. Going forward, stock has immediate resistance at 1.12 followed by 1.32/1.40 levels. This stock needs to be at the top of your watch list.

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Sphere 3D Corp. (NASDAQ:ANY) released great news on Thursday 23th. The company announced that in collaboration with Microsoft will showcase its technologiesand product solutions during a joint global partner roadshow. Based on past history of stock performance and looking at the daily technical chart above I think we could see another strong rally in May testing and possibly breaking the 200-day EMA. MACD already gave the buy signal.

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On the daily technical chart above, the share price of ZIOPHARM Oncology Inc.(NASDAQ:ZIOP) has been trading sideways for the past couple of weeks after correcting from its all-time high of 14.40, which could be interpreted as a bull flag pullback. If price can get back over 12.13 then the bull case will win and we should look for a move to resistance at 14.

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BlackBerry Ltd (NASDAQ:BBRY) Closed the week above the downtrend line and looks like it will continue to run up. Looking at the daily technical chart above the stock has just entered into a short-term bull market as the price is on top of all major EMAs. Other technical indicator such as MACD, is rising and above 0 showing positive momentum, while RSI also show buy signal. If the stock breaks next resistance at 10.46, the share price is likely to move to the target zone of the 11.45-11.5 range.

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58 com Inc (NYSE:WUBA) stock is overextended and vulnerable to a sharp correction after a period of remarkable gains. The technical chart is forming a steep rising wedge, which combined with the overbought reading and the euphoric bullishness, could be the perfect storm for a strong correction. Be careful if you are long.

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500 com Ltd (NYSE:WBAI) Negative divergences are everywhere. If the MACD crosses it should trigger some sort of selling.

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Alibaba Group Holding Ltd (NYSE:BABA) displayed some impressive relative strength on Friday with a 2.7% gain on decent volume. $85.68 (50EMA) is a key to watch for this stock. The Stochastic Oscillator is registering a bullish signal as the %K has crossed above the %D and RSI back above 50. The nearest trend is in favour of Bulls and price has room to go higher. If the stock can break through that level (50EMA), we should see strong volume drive the stock higher. On watch.

Have a peaceful weekend !!

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, BABA, BBRY, IBIO, WBAI, WUBA, ZIOP

08:43 | Permalink |

Stocks to keep an eye on April 15, 2015

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United States Steel Corporation (NYSE:X) appears ready for a breakout above key resistance at 26.07 area. If breakout above the 100-day exponential moving average occurs, I expect to see the stock move toward the 27.5-28 area.

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On my watch list for Wednesday. Viggle Inc (NASDAQ:VGGL) looks to have bottomed. The stock broke the $1.49 resistance level (20EMA) today on strong volume and could eventually rally up to test its 50-day EMA tomorrow. Looking at the technical daily chart the near-term outlook is very positive and a move to the 1.88-2 range appears likely. In addition, MACD indicates positive momentum, while RSI is also gaining strength. Let's keep an eye on her.

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King Digital Entertainment PLC (NYSE:KING) looking strong. With almost 28% of the float short, the stock should continue to move higher, despite the fact that it has already enjoyed strong gains.

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58 dot com Inc (NYSE:WUBA) hits a new 52 week high and held up very well when the nasdaq was tanking. It will likely have the attention of the swing-traders in the next days. I will wait for a pullback, if it comes.

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Over the past eight weeks, shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) have been consolidating in a sideways range near its all-time high. This price action and has led to the formation of a large bull flag on its daily chart. The stock is likely to breakout to new highs in the coming sessions, so keep it in your radar screen.

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ZIOPHARM Oncology Inc.(NASDAQ:ZIOP) Strong Bullish candle on high volume today. Looks like higher prices to come. The RSI also confirms the new uptrend and the stock trades comfortably above all EMAs. Next resistance is located at $11.98, while immediate support has moved up to $10.98.

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GoPro Inc (NASDAQ:GPRO) is trading higher in post-market session following an after-hours upgrade from Piper Jaffray's Erinn Murphy. The analyst now rates GoPro shares as an Overweight, and set a $55 price target on the stock. Currently, shares are higher by 2%, trading around $45.3, they ended the regular session at $44.48. Following the investors reaction in the extended trading we should see a gap up tomorrow morning. It will be important to see if the stock will have legs to break and close above $46. A breakout above this level would constitute a technical entry for the short term trader looking for a quick trade.

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: GPRO, KING, SIRI, VGGL, WUBA, X, ZIOP

22:25 | Permalink |

AC Investor Blog

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

Tuesday, April 28, 2015

Stocks to keep an eye on April 29, 2015

Saturday, April 25, 2015

Stocks to keep an eye on April 27, 2015

Tuesday, April 14, 2015

Stocks to keep an eye on April 15, 2015

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