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Tuesday, December 03, 2013 

Stocks to Watch for December 04, 2013

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Molycorp Inc (NYSE:MCP) after a remarkable bounce higher late last week, the stock price remains on an upward track and could see a rapid ascent as the accumulation continues. The volume was sharp today and I feel a rally to $5.50 and better is in the cards short-term. Let's see what tomorrow brings.

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Himax Technologies, Inc. (NASDAQ:HIMX) was one of the stronger stocks on Tuesday, as the stock closed up 28 cents on solid volume. The stock hit a high of $10.35, which is resistance for Wednesday’s move. HIMX showed strength throughout the day and should continue this upside move. On the technical side, the daily chart looks very good here. The stock is slowly under accumulation based on CMF indicator and still showing positive divergences on the MACD. Let’s see whether the stock can gather enough momentum to break through 10.49. If the Bulls are able to push through this level, there will be another rally towards 11.49. The uptrend continuation scenario is slightly more likely at the moment. Shareholders may remain invested with a stop-loss at 8.62.

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Rosetta Genomics Ltd. (NASDAQ:ROSG) The stock price closed near its session highs on decent volume. At this stage, I believe the risk of further downside is low when compared to the possiblility of gains in the short-term. We could see ROSG trading at $3/3.25 within the next few trading sessions, if buying volume picks up. On watch.

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Amarin Corporation plc (NASDAQ:AMRN) Good upside volume the last two days. A high volume move through the $2 price level would be buyable.

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Seagate Technology PLC (NASDAQ:STX) Appears to have completed its period of consolidation and is ready for next move up. Keep an eye for a possible breakout over 50.55

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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.

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About Me

  • 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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