AC Investor Blog: 11/01/2013

Stocks to Watch for December 02, 2013

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Molycorp Inc (NYSE:MCP) looks like it has bottomed IMHO. The stock price broke the $4.73 resistance level Friday on decent volume and could eventually rally up to test the 5.25-5.40 resistance zone. The technical daily indicators are looking mildly bullish. The MACD is currently negative, but rising above its signal line and the RSI has climbed out of its oversold zone. Keep MCP on your radar going forward. Stop 4.51

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Keryx Biopharmaceuticals (NASDAQ:KERX) Friday's close confirms a trend change in short-term. Let’s see whether the stock can gather enough momentum to break through $14.75.

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Melco Crown Entertainment Ltd (NASDAQ:MPEL) has been slowly gaining some traction amid light buying pressure the last few days. A break through this 35.88/36 area could accelerate it higher.

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Grupo Televisa SAB (NYSE:TV) is consolidating and might be getting ready to move higher. Look for break above $31 to enter longs.

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Quest Rare Minerals Ltd Common Shares (NYSEMKT:QRM) is on bottom watch. Based on the chart, this stock has declined to the point of becoming a good bottom play, at least a 35% bounce in my opinion. The recent volume and buying action, seems to support this view.

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Novavax, Inc. (NASDAQ:NVAX) had a nice break out on Friday and rose over 4%. If the stock can sustain this strong momentum $4 is not out of the question next week. Keep it on your radar over the coming days.

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Himax Technologies, Inc. (NASDAQ:HIMX) pulled back on Friday under some profit taking. In my opinion, there is here an opportunity for additional gains with a run over $10.5 not out of the question.

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: HIMX, KERX, MCP, MPEL, NVAX, QRM, TV

21:37 | Permalink |

Stocks to Watch for November 29, 2013

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Himax Technologies, Inc. (NASDAQ:HIMX) surged 10.07% or 95 cents to $10.38 per share on Wednesday, with volume which was nearly 3x above average. The move pushed the stock above the $10 resistance level and produced a pocket pivot buy point. The technical daily chart above suggests that this could be a good time to buy the stock as MACD fast line has just crossed on top over slow line showing buy signal. In addition, long-term trend is still positive as both 100-day and 200-day exponential moving averages are going up. Let's see if tomorrow it breaks over $11.49 and makes a new all-time high.

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AVEO Pharmaceuticals, Inc. (NASDAQ:AVEO) had a strong bullish move on Wednesday breaking some key resistance lines with large volume. From a technical standpoint, the positive momentum seems to be back as the stock is back above the 50-day exponential moving average. Plus, the 9-day EMA has crossed above 13-day EMA with the RSI going up and MACD near the positive territory. If the stock can get above 2.15, it would likely start to create a short covering as the short percentage of float is about 6% currently, and 6 days to cover. From a fundamental basis, AVEO is currently undervalued IMHO. It has about $2.53 per share in cash and zero debt. In September, an article published on Forbes reported that the Billionaire and legendary hedge fund manager, Seth Klarman of the Baupost Group owns more than 7% of this stock. So, watch this stock closely.

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Arca Biopharma Inc (NASDAQ:ABIO) The technical daily chart above is showing some positive divergences that should be taken in consideration. The accumulation/distribution indicator signals a reversal of its trend, indicating the stock has been under accumulation. Momentum indicator RSI has reversed its direction. Possibility of bullish rally is high. Short-term target of this stock is 1.69. Stop loss at 1.30 recommended.

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Pandora Media Inc (NYSE:P) has pulled back to the breakout pivot just above the $28. As long as this key support holds, uptrend in Pandora is likely to stay intact.

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General Motors Company (NYSE:GM) Watching for $39.18 breakout. All major indicators are in favor of an upward price movement. MACD has generated a new buy signal and the Relative Strength Index (RSI) is rising again. This momentum could push this stock much higher from here. Keep the stock on your radar for Friday’s trading day.

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Finally, Apple Inc. (NASDAQ:AAPL) broke the trading range on upside after taking support at 20-day EMA. The stock closed the day on Wednesday with a gain of over 2.35% with solid volumes, suggesting accumulation of the stock at current levels. Based on the technical chart, the stock price is likely to touch 570-580 in the short term.

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FormFactor, Inc. (NASDAQ:FORM) potential gap-fill play above $5.52. Keep on watch.

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, ABIO, AVEO, FORM, GM, HIMX, P

19:05 | Permalink |

Stocks to Watch for November 27, 2013

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Zalicus Inc (NASDAQ:ZLCS) The stock price formed a strong bullish engulfing candle on the daily chart today, which could lead to additional gains in the coming sessions. Its accumulation/distribution indicator has moved strongly higher and MACD is improving. First resistance is seen at $1.26 and then at $1.49.

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Accuray Incorporated (NASDAQ:ARAY) Chart looks good. Bull flag formation.

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Stalking. I'd like to see MRC Global Inc (NYSE:MRC) close over 31.52 before getting involved.

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QUALCOMM, Inc. (NASDAQ:QCOM) broke out to a new all-time high today accompained by a solid volume suggesting higher levels. I'll be watching the stock on Wednesday looking for a follow through move. As long as the stock stay above $70.74 (20ema), the bullish scenario still intact.

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Superconductor Technologies, Inc.(NASDAQ:SCON) Long set-up on watch. Lets see if it breaks over $2.35 this week.

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: ARAY, MRC, QCOM, SCON, ZLCS

22:12 | Permalink |

Stocks to Watch for November 26, 2013

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Omeros Corporation (NASDAQ:OMER) has witnessed a steep correction of 48 per cent from its high of around 13.76 in October and has found a strong support around the $7 area. The stock price made a nice move today and the technical chart is showing indications that the stock has bottomed out in the short-term. The RSI has reversed the course and stock finally closed above its 200-day exp moving average, a Bullish signal. In addition, the MACD is starting to curl up, suggesting that a positive crossover could be coming soon. I would look for a move up to $8.75 resistance soon. Stay tuned on Omeros Corporation.

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Smith Micro Software, Inc. (NASDAQ:SMSI) broke out today above its 200-day exp moving average on strong volume and I'm looking for a continuation move on Tuesday. The technical indicator AC/DT is increasing, indicating accumulation of shares in the market. A break above $1.24 could trigger further upside momentum testing $1.45.

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AVEO Pharmaceuticals, Inc. (NASDAQ:AVEO) had a very strong day closing up 11 cents on 2x normal daily volume. The MACD looks poised to form a bullish crossover. If that happens the stock price has a good chance to break its immediate 50-day exp moving average resistence and test its next level of resistence at 2.35.

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Facebook Inc (NASDAQ:FB) broke down today under support at $45.73 on solid volume. From a technical standpoint, the medium-term trend is still weak as the stock is still below 50-day exp moving average with the major short-term exp moving averages falling. The stock needs to close above $47 in order to alleviate the negative near term view. If the stock fails to move above this level, it can decline to $42 area.

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: AVEO, FB, OMER, SMSI

22:09 | Permalink |

Stocks to Watch for November 25, 2013

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I had Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA) on my watch list on Friday and the stock did not disappoint. It rallied 35% on massive volume after European regulators allowed Ariad Pharmaceuticals to continue selling its leukemia drug. I'll be watching the stock price again next week to see what ARIA will do after have filled the gap. Keep on watch.

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Lexicon Pharmaceuticals, Inc. (NASDAQ:LXRX) broke out of a descending channel on Friday for a bullish setup that moved the technical indicators higher. LXRX looks good for Monday.

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Himax Technologies, Inc. (NASDAQ:HIMX) is starting to regain its form. On Friday, I wrote on twitter "HIMX looking good for higher prices", and the stock made a nice reversal candlestick pattern, crossing above its 50-EMA with a decent 3% advance that moved the MACD into position for a bullish crossover, while Parabolic SAR shows buying pressure in the stock. This could be the start of another up leg for HIMX. Keep an eye for a possible breakout over $9.60. There seems to be a lot of room to run higher here. If you do not have HIMX on your watchlist, now is the time to add it.

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If the weakness continues on Monday and Pandora Media Inc (NYSE:P) breaks the support at $28.2, there will be a good chance that the stock will test the next support at 26.26. However, as long as support holds ($28.2 was the previous breakout resistance level) a reversal is possible. Keep on watch.

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Baker Hughes Incorporated (NYSE:BHI) is setting up for another big run. Lets see if it breaks over $58.83. Long set-up on watch.

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Rosetta Genomics Ltd. (NASDAQ:ROSG) has sold off most of November but looks to have found a bottom last week. The stock closed up 23 cents on Friday on good volume. Let's keep an eye on it as i think momentum will pick up. First upside target of $3

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Superconductor Technologies, Inc. (NASDAQ:SCON) is on the verge of a breakout. This stock could post significant gains from here. Keep an eye for a possible breakout over 2.35

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: ARIA, BHI, HIMX, LXRX, P, ROSG, SCON

17:21 | Permalink |

Stocks to Watch for November 22, 2013

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Neuralstem, Inc. (NYSEMKT:CUR) is displaying a short upside momentum. The stock price broke out from the horizontal resistance mark around $2.6 per share on heavy volume. Expect an initial run up to $2.90. At the moment, there is no reason to sell the stock. Hold with a stop-loss at $2.34.

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Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA) has recovered nicely this week and can potentially setup very well for a swing trade if the stock price breaks through the resistance level at $2.82. Technical indicators are becoming more favorable with MACD and Stochastics rising. There could be good upside in this trade, so watch ARIA closely on Friday.

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Gogo Inc (NASDAQ:GOGO) rallied another 7% on heavy volume after CNBC Reporting that US is considering cellphone-use on Planes. The stock hit a high of $30.26, which is now resistance for Friday’s continuation move.

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BlackBerry Ltd (NASDAQ:BBRY) is clearly in a downtrend. The stock price is trading below the 20d, 50d and 200d EMAs and they are all sloping down. However, at this point the stock price is in extreme oversold conditions and there are some positive divergences emerging as evidenced in the chart above. On the daily time-frame, the MACD-histogram is sloping up and the slow stockchastic is starting to show a possible bullish crossover, indicating that the bears are losing momentum. A strong bounce could occur at any time, since the stochastics and RSI are extreme oversold and the stock has been down almost everyday in November.

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Morgan Stanley (NYSE:MS) broke out on Thursday but the volume was not as high as expected. Meanwhile, the stock price closed near the highs of the day and further upside is expected to be seen on Friday. Keep an eye on it.

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Micron Technology, Inc. (NASDAQ:MU) broke out to a new all-time high today accompanied by a good volume suggesting higher levels. The stock has been in a nice uptrend for the last three weeks and it looks very strong with both 50-day and 200-day exp moving averages going up. MU is a stock to keep an eye on for awhile.

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: ARIA, BBRY, CUR, GOGO, MS, MU

22:41 | Permalink |

Stocks to Watch for November 21, 2013

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Zynga Inc (NASDAQ:ZNGA) broke out to new highs on high volume. The short/medium term uptrend is intact and signals further bullishness on this stock. Buy the stock in dips with a stop-loss at $3.59

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American Capital Ltd. (NASDAQ:ACAS) showed strength all day and broke higher on heavy volume. Looking good.

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Mednax Inc. (NYSE:MD) good relative strength compared to the market on Wednesday. Look for break above $111.24 to enter longs.

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C&J Energy Services Inc (NYSE:CJES) is holding up nicely here and looks ready to move higher. Next buy point for CJED is at 24.56

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FTI Consulting, Inc. (NYSE:FCN) Technical chart looks bullish. I will be watching this stock closely on Thursday for a breakout above 43.67.

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: ACAS, CJES, FCN, MD, ZNGA

22:09 | Permalink |

Stocks to Watch for November 20, 2013

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Zynga Inc (NASDAQ:ZNGA) is ready for a possible rally if breakout key resistance level of 4.12 with big volume. The MACD rising in positive territory and the stock price is above all the major moving averages. Keep on watch.

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Amarin Corporation plc (NASDAQ:AMRN) jumped over 24% today to close at $1.91. It ended the day trading 16 million shares and closed near the highs of the day. I would not be surprised to see this stock over $2 in the next few days.

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Netflix, Inc. (NASDAQ:NFLX) The technical daily indicators are looking weaker, than the week before. The MACD is still positive but falling and RSI is at its 50% level but headed down. The stock made a new high of 389.16 last month, but none of the technical daily indicators ( such as MACD ) came even close to a new high. From a technical standpoint, this is clearly a negative divergence. If the stock price breaks the 20-day EMA then the stock could quickly fall to around the $318 level. Insider selling also indicates bearishness.

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The chart pattern of Himax Technologies, Inc. (NASDAQ:HIMX) is looking slightly more bullish now. The MACD is touching the signal line and ready for a bullish cross. In addition, the RSI and stochastic are also supporting its uptrend move. Next resistance lies at today's high of $9.60 and then at $10.49.

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Citigroup Inc (NYSE:C) Watching for $51.56 breakout. All indicators are in favor of an upward price movement.

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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: AMRN, C, HIMX, NFLX, ZNGA

22:41 | Permalink |

Stocks to Watch for November 19, 2013

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Dendreon Corporation (NASDAQ:DNDN) was a winner today. The stock rose 15 cents, or 5.9 percent, to $2.69. The technical indicators are displaying good signs and the short-term outlook for DNDN appears positive. A close above $2.76 (50EMA) would impart bullishness and would help the stock move to the 3-3.2 range. Stay tuned.

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Chart looks bullish. Keep an eye for a possible breakout over $5.91

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Associated Estates Realty Corporation (NYSE:AEC) made a strong upside reversal today on heavy volume. The technical chart above suggests that stock might find now resistance at $16.57. Only a close above this level would suggest further upside.

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Hewlett-Packard Company (NYSE:HPQ) is looking like the stock price has some more room to the downside here. The near-term outlook is bearish and the stock could drop to the 24-23.5 range. The technical chart shows bearish signs with the stock below its 9 & 13 exp moving averages. In addition, other technical indicators such as MACD and KD also show sell signal as MACD is below signal line and %K line is dropping below %D line.

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E-House (China) Holdings Limited (NYSE:EJ) needs to hold the breakout level near the 10.25 level in order to keep the bullish outlook alive.

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: AEC, DNDN, EJ, HPQ, SID

22:35 | Permalink |

AC Investor Blog

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

Friday, November 29, 2013

Stocks to Watch for December 02, 2013

Thursday, November 28, 2013

Stocks to Watch for November 29, 2013

Tuesday, November 26, 2013

Stocks to Watch for November 27, 2013

Monday, November 25, 2013

Stocks to Watch for November 26, 2013

Saturday, November 23, 2013

Stocks to Watch for November 25, 2013

Thursday, November 21, 2013

Stocks to Watch for November 22, 2013

Wednesday, November 20, 2013

Stocks to Watch for November 21, 2013

Tuesday, November 19, 2013

Stocks to Watch for November 20, 2013

Monday, November 18, 2013

Stocks to Watch for November 19, 2013

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