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Saturday, February 15, 2014 

Stocks to Watch for February 18, 2014

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Activision Blizzard, Inc. (NASDAQ:ATVI) is flagging around the 20 area after a big gap from 17.25 to 19.95 on February 7, and a break could continue the uptrend. Short-term momentum indicators remain in overbought zones, so i remain cautious at this point unless it breaks the resistance of 19.95.

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EnteroMedics Inc (NASDAQ:ETRM) should see a lot of activity again next week, so make sure you give this one your immediate attention. Yesterday the stock was up strongly on high volume after Canaccord Genuity has reiterated a "BUY" rating for the company with a price target of $6. I think it's really safe to say that I like the upside potential (+175%) relative to the price target of Canaccord. Additionally, ETRM has a 52-week high of $2.66, which at current market valuation, represents a gain potential of more than 20%. With the stock trading at just 2.20 investors will have ample opportunity Tuesday to rack up plenty of potential gains. Looking at the technical, indicators are suggesting bullish conditions. The MACD is about to generate a crossover whereas +DI crossed over –DI earlier last week depicting a buy signal. RSI and Stochastic are also in their respective buy mode. Long setup.

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Yesterday we saw Golden Minerals Co (NYSEMKT:AUMN) up strongly closing at 93c. The stock broke the 90c resistance level on strong volume and could eventually rally up to test its 200-day EMA. Looking at the technical daily chart the near-term outlook is very positive with the MACD indicating a positive momentum.

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Rambus Inc.(NASDAQ:RMBS) With Yesterday’s break out movement above 9 on decent volume, the minor downtrend is over. A break higher above the recent highs (9.15) would help the stock move to the $9.7-$9.85 area. Momentum indicators are turning up, a positive sign.

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Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) needs to hold the $6.46 area (200EMA) next week to keep the door open for higher prices. The daily chart shows several positive signs. The MACD indicator is oriented in a bullish manner and the RSI is still in the positive territory, supporting bullish scenario. Wait for a clear signal to enter long.

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Teradyne, Inc. (NYSE:TER) is inching closer and closer to another breakout move. Buying momentum is still positive and strengthening. Breakout watch above 20.17.

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Vical Incorporated (NASDAQ:VICL) has held support at the 1.38 level (20EMA) and is displaying a screaming buy divergence on the upside. MACD has generated new a buy signal and RSI is in their buy mode. In addition, some Instituions are buying the stock again and the downtrend in my opinion is most likely over. Stop 1.23

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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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