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Thursday, October 16, 2014 

Stocks to Watch for October 17, 2014

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Krispy Kreme Doughnuts (NYSE:KKD) broke out of its bullish flag / consolidation today, with a gain of 1.89% to 17.77. This breakout puts the stock up against its horizontal resistance line that has contained prices in this area in the last 4 weeks. A move above 18.09 would confirm the trend with a target of 21. From a technical standpoint the outlook continues to be positive for the stock, as it convincingly has crossed above all 5 EMAs with bullish structure on charts.

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BlackBerry Ltd (NASDAQ:BBRY) looks poised for a possible trend reversal after dropping to the 8.70 level forming a potential double bottom on daily. A move above 9.44 would confirm the trend with a short-term target of 11.

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Rubicon Technology, Inc. (NASDAQ:RBCN) finished the day up 6.79% on solid volume of over 1.4 million of shares exchanging hands on the day. Looking at the chart this looks to be just the beginning of RBCN's run and I'm extremely confident that the gains will continue. The MACD momentum is rising and RSI is on a decent uptrend, which when combined with the strengthening MACD could spell a nice move for the stock. Key resistance is now located at $4.80, a break above this level will confirm the bullish trend and the following uptrend will take price up to $6 zone.

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Extra Space Storage, Inc. (NYSE:EXR) Keep an eye for a possible breakout over $55.42

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Pernix Therapeutics Holdings Inc (NASDAQ:PTX) Broke out to a new all-time high accompained by a strong volume suggesting higher levels. The stock hit a high of $9.69 which is now resistance for Friday’s 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.

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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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