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Thursday, May 15, 2014 

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.


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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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