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Saturday, May 09, 2015 

Stocks to keep an eye on May 11, 2015

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AOL, Inc. (NYSE:AOL) Stock looks to have bottomed technically and is starting to trend higher again. The MACD has just flashed a new buy signal, while RSI is also gaining strength. The 9-day EMA has crossed above the 50-day EMA. The 20-day EMA is likely to do so soon and technically confirm a return to a bullish phase. With a combination of good earnings and a breakout with high volume, we should see a continuation of the rally for a couple of days. I loaded up some shares yesterday. Based on the earnings report this stock looks pretty cheap now. Next week we will see more upgrades coming.

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Rambus Inc. (NASDAQ:RMBS) is flagging bullishly in the 14 area. A break of the bull flag consolidation could move the stock back up to highs from April in the 14.50 area. Technical indicators are looking bullish, but correcting overbought conditions.

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Synopsys, Inc. (NASDAQ:SNPS) Potential long setup if the price takes out 48.11 with volume for day/swing trade. Rising prices w/ rising volumes indicate bullishness. All major EMAs are moving up and the stock is trading above them.

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Zynga Inc (NASDAQ:ZNGA) With its move Friday, the stock is again butting against a key resistance line that has contained prices on six previous occasions in the last four months. A break above 2.90 on volume would lead to next targets in the 3.15 and then 3.20 area.

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Celladon Corp (NASDAQ:CLDN) still holding this biotech name for a bounce into the $3 area over the next days. The stock seems to be undervalued at current levels with a good balance sheet. The company has nearly $3.55 per share in cash and a small debt. From a technical standpoint, the stock is in a clear downtrend but the signals are mixed. MACD indicator is displaying a bullish divergence and Slow Stochastic is extremely oversold on a daily basis, so I still think the stock has potential at this point for a strong bounce. A Pfizer name in the board of directors gives me some confidence to keep at it. On watch.

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XOMA Corp (NASDAQ:XOMA) is gaining some momentum again. If the stock can break through $3.74 resistance, we should see another strong upside move. Any break of that resistance (100-day EMA) will come as an indication of a short-term bottoming. The next target would be 4 to 4.10 resistance zone. XOMA will move very quickly, so watch the stock closely next week.

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Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) Looks like there were some nice buys coming in on Thursday and Friday so we might have a possible bounce play here, there is little resistance until $4.50. From the technical daily chart both RSI and Slow Stochastoic are showing positive divergences. Keep an eye on ARNA next wk.

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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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