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Saturday, January 17, 2015 

8 stocks to keep an eye on January 20, 2015

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Baytex Energy Corp (NYSE:BTE) The stock price has given a trend line breakout on daily chart on closing basis, which confirms the bull trend in the short-term heading for immediate target of 17.14-18 levels. Plus, closed above the 20-day exponential moving average for the first day since September 2014, a good sign for the bulls. Oscillators like RSI and MACD too supports bullish momentum.

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Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) The stock has been trading in a consolidation range last four weeks and finally witnessed a technical breakout on the daily chart, which confirms the bull trend in the prices. The RSI too indicating a break from the horizontal trendline, which adds to the short-term bullish view. Next major resistance lies at 48.73 (200EMA).

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Novavax, Inc. (NASDAQ:NVAX) stock has witnessed a major break above the horizontal resistance at 6.50 on closing basis, which confirms the bullish move ahead. Plus, the breakout volume was also high as you can see on the chart. Oscillators such as MACD is very bullish and indicates further uptrend. The long-term resistance is at $6.95 (February 2014).

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Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) continues consolidating just above the 200-day EMA. The overall chart pattern for the stock remains bullish. As long as the stock stays above 4.70 horizontal support, we would stay away from short positions. Any retest of this level should be used to initiate longs.

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FireEye Inc (NASDAQ:FEYE) Looking at the technical chart above the stock bounced off the 100-day EMA of the recent bull move. CMF still positive, so my bias is Bullish. RSI is showing positive divergence. Short-term investors can hold the stock as long as it trades above this support.

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International Paper Co (NYSE:IP) A new buy signal was given yesterday. The stock broke the bullish flag formation on daily chart and i believe that the stock will continue to rally. Plus, MACD also crossed above the signal line. Long setup.

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FedEx Corporation (NYSE:FDX) has broken out of a downtrend line that represented a pause in its October rally from 148.64 to 183.30. Plus, the technical indicator MACD also flashed a new buy signal. Watch for a possible move next into the 180 zone.

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Citigroup Inc (NYSE:C) History could repeat itself if the stock holds the $46 level in the coming days. Friday's close could have marked a bottom. This could be the start of a bounce like we had in February of 2014 and the extreme oversold conditions will also help. As i said on twitter, i went at 46.90.

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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