AC Investor Blog

Stocks to Watch for December 22, 2014

Hello traders!

Get ready for what could be a profitable week ahead. I've been scanning some good stocks setups and have located some fast gainers in my opinion.

Below are some charts to review.

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VirnetXHolding Corporation (NYSEMKT:VHC) Could see a huge potential breakout before the end of the Year ! The stock soared 19% on heavy volume on Friday, after the company said it will receive $23 million from Microsoft Corp. Under the terms of the agreement, Microsoft will pay $23 million to VirnetX to settle the dispute and to expand Microsoft's existing license on VirnetX patents. The new licence is great news. From a technical standpoint, the stock shows a promising chart that could be ready for another up-spike next week. The chart shows that $6 looks to be the next resistance level. If the stock breaks through that we could see some major gains by the end of the year. The stock is also trading a discount to its 200 EMA. This sets up the play for action as its undervalued status is another huge catalyst. The stock was on my radar screen on Thursday and I published here the alert. VHC should be on your radars now.

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Diana Shipping Inc. (NYSE:DSX) is currently trading below the $7 mark, a huge discount from the 12-month high of 13.93. The stock failed to continue its bearish momentum last week, closing the session on Friday with a strong bullish engulfing candlestick on HIGH volume. This fact could create a strong move higher at least in nearest term testing 7.80 area. The bias is bullish in nearest term. DSX's chart suggest that increased buy side activity could push share prices to much higher levels. I believe that the bullish accumulation witnessed during Friday's session is a prelude to what traders could see tomorrow.

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Zynga Inc (NASDAQ:ZNGA) closed Friday's trading session with a 10% gain and near the High of Day (HOD), which is a sign of a bullish continuation pattern. The stock broke out of a descending channel and looks to resume the trend higher. Specifically, there are some indicators suggesting it could rise to $3 in the coming week. Technically speaking, the strong Bullish Candlestick formation on Friday confirms that buying pressure came into the stock, since share prices advanced from open to close. In addition, MACD gave a new bullish cross. Stay tuned.

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Yelp Inc (NYSE:YELP) traded nicely on Friday and closed up 4%. The stock opened at $52.49 then moved to a high of $54.80 and closed at $54.59 for close in the green. The stock for now has a potential double bottom pattern and broke out of falling wedge last week. MACD is now rising and momentum indicators are showing signs or early turns. Looking at technical chart above there appears to be little resistance from keeping YELP from moving towards much higher levels next week. YELP is poised to surge upwards IMO. Stop 49

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AOL, Inc. (NYSE:AOL) broke out to new highs Friday on high volume. The short/medium term uptrend is intact and signals further bullishness on this stock. Go long on the break of Friday’s high at 48.21

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Facebook Inc (NASDAQ:FB) Looking at the technical chart above the stock is inching closer and closer to another breakout move. Buying momentum is still positive and strengthening. Breakout watch above 81.16

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ZIOPHARM Oncology Inc. (NASDAQ:ZIOP) broke above resistance in Friday's trading session after a small period of consolidation. I still like this stock and will be watching it again on Monday, expecting to see a continuation move.

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

Labels: AOL, DSX, FB, VHC, YELP, ZIOP, ZNGA

10:28 | Permalink |

Stocks to Watch for September 8, 2014

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Apple Inc. (NASDAQ:AAPL) stock continues to show relative weakness to the market and the chances of a pullback to its 50-day exponential moving average remain intact. Investors and traders should beware of the heavy selling volume that occurred on Wednesday's ugly-looking reversal day. Only a break and close above the $100 level on higher volume would shift the near-term bias back to the topside for a potential move up toward 102.5 next. For now, the near- term trend remains bearish for an immediate target of 96.56 (EMA50).

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Facebook Inc (NASDAQ:FB) It's worth a look next week, as the stock exhibited good relative strength on Friday closing near the all-time high that it hit earlier this week. At this point, an ideal opportunity to open a new long position would be when it breaks out its Sept 3 peak of 77.48 on higher volume. A stop-loss should be located at 74.73 (EMA20).

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Bitauto Hldg Ltd (NYSE:BITA) The daily chart is exhibiting signs of topping. Indicators are displaying negative divergences as they failed to make new highs as highlighted in the chart above, so the Bulls have to be cautious.

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Yelp Inc (NYSE:YELP) The near-term indicators are now declining and displaying negative divergences. The daily MACD is about to roll over into a new sell signal as highlighted in the chart above. This could be just the start of a new leg down for the stock targeting the 70 level.

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Rediff India Limited (NASDAQ:REDF) Thin name. It made a strong breakout last week from symmetrical triangle. A long position can still be opened using the 200-day EMA as line of support.

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Western Digital Corp (NASDAQ:WDC) stock is starting to break down. The stock seems to have broken a rising wedge last week on decent volume. Additionally, note that the MACD line continues to slope downwards. We could see levels of 98 in the short-term easily.

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

Labels: AAPL, BITA, FB, REDF, WDC, YELP

09:13 | Permalink |

Stocks to Watch for May 28, 2014

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Shares of Zynga Inc (NASDAQ:ZNGA) were up 3.96% today to 3.41$ recovering some of recent loses. It looks like it is starting to turn. The MACD is now showing a possible turnaround and confidence in stock improved significantly. Keep watching the stock over the next few trading days.

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Yelp Inc (NYSE:YELP) made a strong run in the last hour of the day, closing near highs on technical buying. The $65 level is a huge obstacle. If it can break through this area, buy the stock and watch it take off.

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Altria Group Inc (NYSE:MO) has been in a steady uptrend for the last four months and is now very near to break another resistance. Keep an eye on MO for a possible breakout over $40.99

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MELA Sciences Inc (NASDAQ:MELA) Looks ready for a bounce. The stock has been floating around this range 35/40c for several trading sessions in a row and I believe we could see a sharp move higher from here. Daily technical indicators are showing signs of turning around, with MACD curling up and RSI starting to turn up from deep oversold levels. In addition, it was reported today that an insider bought 87,500 shares at 38c, a clear sign of confidence and optimism. This stock is on High alert for Wednesday.

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Avis Budget Group Inc. (NASDAQ:CAR) broke out of a small consolidation range to make new 52-week highs. The stock hit a high of $57.58, which is resistance for Wednesday’s move. Keep a close eye on the stock for the follow through move.

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

Labels: CAR, MELA, MO, YELP, ZNGA

22:40 | Permalink |

Stocks to Watch for May 16, 2014

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I hope you all have paid close attention to XNPT today. The great news is they have entered into a license agreement pursuant to which Reckitt Benckiser Pharmaceuticals will be granted exclusive worldwide rights for the development and commercialization of XenoPort's clinical-stage oral product candidate arbaclofen placarbil for all indications. Under the terms, XenoPort is entitled to $20 million up front, followed by another $5 million upon the transfer of certain technology and materials and aggregate payments of up to $70 million upon Reckitt's achievement of development and regulatory milestones, and $50 million for commercial milestones. The stock has delivered a decent 6% intra-day potential gains, but I feel there is much more gains on the table. The technical chart of XenoPort, Inc. (NASDAQ:XNPT) is now much improved after today’s action. The MACD has reversed again the course and stock finally closed above its 9-day moving average with high volume. The price can move up to $4-4.25 in the short-term. I alerted my readers on XNPT via twitter.

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ISIS Pharmaceuticals, Inc. (NASDAQ:ISIS) Excellent strength relative to broad market. The stock has been strong buy volume the past five sessions. Further rally could be seen to retest $28.08 short-term resistance. As long as the stock stay above $24 area, the bullish scenario is still intact.

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Himax Technologies, Inc. (NASDAQ:HIMX) A substantial bounce lies ahead. The stock is displaying a short upside momentum and is poised to move higher from these levels. Short-term traders could go long once the share price moves above $7.16

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Brookfield Asset Management Inc. (NYSE:BAM) has been on fire the past few days and today made a new 52-week high of $44.16. Im keeping the stock on the list for the continuation move. The technical daily chart shows a continuation of the trend with MACD and RSI in the Bullish areas.

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Yelp Inc (NYSE:YELP) appears to be forming a bottom right now. As long as the stock is trading above $52, I like the stock. If the stock closes above $57, you could see a big turnaround in YELP.

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China XD Plastics Co Ltd (NASDAQ:CXDC) continues to show some nice strength for a small cap. The stock hit a high of $8.80, which is resistance for the follow through move. You should watch this stock closely on Friday.

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

Labels: BAM, CXDC, HIMX, ISIS, XNPT, YELP

22:32 | Permalink |

Stocks to Watch for September 9, 2013

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Celsion Corporation (NASDAQ:CLSN) had a great day on Friday. It opened at 1.18, ran to 1.39, and closed at 1.35, up 17 cents or 14.41%, on 8.48 million shares traded. That is not the best volume of the year, but the best in seven weeks. If it breaks through 1.41, we could see the 1.5-1.55 zone.

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Yelp Inc (NYSE:YELP) had a strong breakout early in August, took about five weeks to consolidate and on Friday finally broke out on over 8 Million shares, which was the best volume in about a month. Watch for a follow-through day on Monday and be sure to set a stop just below the 9-day EMA. Daily technical indicators are bullish but looking overbought. All the five major EMAs are rising and the stock is above them. YELP may be ready to make a move. Long setup.

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SandRidge Energy Inc. (NYSE:SD) is acting well. Friday it jumped 16 cents to 5.55 or 3% closing near the 200-day EMA. A close above this key level could accelerate prices higher. Daily technical indicators are looking bullish now. The MACD is slightly positive, but is rising above its signal line and the RSI has moved above its 50% level. Next week keep an eye on SandRidge Energy shares.

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Sirius XM Radio Inc (NASDAQ:SIRI) is a stock to watch closely next week. SIRI has bounced back from recent lows and the technical chart is now showing some signals of improvement through some indicators, such as MACD and RSI. The stock, which lost 5 cents, or 1.32%, to 3.75 on Friday is nearing the top of the sideways channel and the crucial $3.85 resistance that it has been in for the past month. Look for a break above this key resistance area, which could easily send to stock to $4. Note: Bullish MACD crossover

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Himax Technologies, Inc. (NASDAQ:HIMX) The stock pulled back on Friday after gaining more than 30% during the past three sessions. The short-term uptrend will remain in place as long as the stock holds above 7.85 ( previous breakout / now support ).

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Yingli Green Energy Hold. Co. Ltd. (NYSE:YGE) stock printed a doji candlestick in Friday's trading, which indicates a potential reversal. I believe there is a high probability of seeing a meaningful pullback in the stock in coming days. Note: RSI marks overbought.

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Cubist Pharmaceuticals Inc (NASDAQ:CBST) uptrend is trying to break resistance at the 65.6 level. If resistance is broken, then there is no resistance above. The stock has limited downside risk with support at the 60 level. On watch.

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Baidu Inc (NASDAQ:BIDU) Seems like there's a potential rounding top pattern on daily chart. The downside prevails as long as 143 is resistance.

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

Labels: BIDU, CBST, CLSN, HIMX, SD, SIRI, YELP, YGE

09:14 | Permalink |

Stocks to Watch for June 27, 2013

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Yelp Inc (NYSE:YELP) Strong Breakout on heavy volume. Buyable on a pullback to the pivot. The technical chart shows a continuation of the trend with MACD and RSI in the Bullish areas. There is a good chance the stock will continue to move up.

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Regions Financial Corporation (NYSE:RF) Stalking as a potential swing long above 9.61 MACD crossed up signaling a buy. Lets see if tomorrow confirms the signal

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Research In Motion Ltd (NASDAQ:BBRY) is still consoladating within a symmetrical triangle. Eventually this pattern will be resolved Friday after the earnings report. However, all technical indicators appear to be setting up for a nice bullish move. The RSI crossed above 50 and +DI crossed above -DI indicating renewed buying pressure. MACD is about to cross the zero line, signifying even more upside being possible. The volume also was above average today and I'm hoping we will see a continuation tomorrow. Today’s high was $15, which is resistance for the follow through move. Note earnings 06/28

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Splunk Inc (NASDAQ:SPLK) is setting up nicely for a breakout, but I'd like to see a move above 47,21 on good volume before getting involved.

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Citi Trends, Inc. (NASDAQ:CTRN) On watchlist no trigger yet. Long above $14.36. The stock has very strong support at 13.50

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Wells Fargo & Co (NYSE:WFC) has become increasingly bullish and is currently consolidating in an attractive pattern. A move past $41.69 would be a strong indicator of a further uptrend in the stock.

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

Labels: BBRY, CTRN, RF, SPLK, WFC, YELP

22:33 | Permalink |

Stocks to Watch for June 17, 2013

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Avago Technologies Ltd (NASDAQ:AVGO) is nearing a key resistance level in the 38 area that has contained prices on three occasions in the last weeks. Considering the strong momentum this week on decent volume, I think AVGO looks set to break higher and rise above its 52 week high of 38.27. The support level is located at 36 followed by 35.62. Keep this stock in your radar list.

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GT Advanced Technologies Inc (NASDAQ:GTAT) broke major support today at 3.94, targeting the next major support in the 3.45-3.40 range. Technicals are bearish now.

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Citigroup Inc (NYSE:C) is approaching a key support level at the 50-day exp. moving average of 48.86. A breach of this important support level could lead to more downside. Technical indicators are turning bearish. The MACD is positive but falling below its signal line and the relative strength indicator has slipped below its 50% level.

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Yelp Inc (NYSE:YELP) broke resistance at 30 on volume slightly above average. All three EMA's are rising and the stock is trading above them. MACD is about to cross above signal line. The bulls are clearly regaining control. Watch the $32 as potential resistance.

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LinkedIn Corp (NYSE:LNKD) gave a pocket pivot buy point today, rising in higher volume. From a technical standpoint, technical indicators are beginning to turn bullish. The MACD has crossed above its signal line and the RSI has moved above its 50% level. Watch for a good follow through day next week.

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Bank of America Corp (NYSE:BAC) There is a possible small head and shoulders developing on daily, neckline 12.87. Price above 13.55 invalidates this pattern. Technical indicators are beginning to look bearish. The MACD has crossed below its signal line in positive territory and the RSI is slightly below its 50% level.

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

Labels: AVGO, BAC, C, GTAT, LNKD, YELP

23:07 | Permalink |

AC Investor Blog

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

Sunday, December 21, 2014

Stocks to Watch for December 22, 2014

Saturday, September 06, 2014

Stocks to Watch for September 8, 2014

Tuesday, May 27, 2014

Stocks to Watch for May 28, 2014

Thursday, May 15, 2014

Stocks to Watch for May 16, 2014

Saturday, September 07, 2013

Stocks to Watch for September 9, 2013

Wednesday, June 26, 2013

Stocks to Watch for June 27, 2013

Friday, June 14, 2013

Stocks to Watch for June 17, 2013

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