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Tuesday, May 12, 2015 

Stocks to keep an eye on May 13, 2015

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Chanticleer Holdings Inc (NASDAQ:HOTR) broke out and traded nearly 6x normal daily volume. Today's heavy volume was what you want to see when a stock breaks resistance. It has the potential to make a big run on Wednesday, so keep a close eye on HOTR and don’t miss the trade. Momentum indicators are bullish now with RSI inching away above the middle level. The strongest sign of a bullish momentum is the MACD which has just started to increase. The accumulation/distribuation indicator is also showing positive signs on the stock. Today’s high was $3.19, which is resistance for the follow through move.

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DryShips Inc. (NASDAQ:DRYS) After being trading in a bearish tone since December 2014 the stock appears to making a comeback in favor of the bulls. It has recovered nicely and can potentially set-up very well for a swing-trade if price breaks through the resistance level at 80c (50EMA). Technical indicators are becoming more favorable with MACD and RSI starting to turn up. There could be good upside in this trade, so watch DRYS closely tomorrow.

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As I've mentioned earlier, Oasis Petroleum Inc. (NYSE:OAS) has shown increased trading activity and signs of being under accumulation. I believe that shares have room for a significant uptick beyond these levels. Technically, it is setting up to move higher again and could break its 100-day EMA this week, something that could attract more investor/traders to jump in and push shares even higher. On watch.

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Gevo, Inc. (NASDAQ:GEVO) is trading higher after hours, as the company released good earnings. We might see a strong gap up tomorrow.

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VAALCO Energy, Inc. (NYSE:EGY) Starting to look strong again. Any close above $2.35 (20EMA) could lead to a substantial gain in shares.

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Plug Power Inc (NASDAQ:PLUG) continued its bullish momentum on today closing the session with a gain of 3% at $2.63. Immediate resistance remains around 2.75. A clear break above that area could trigger further bullish pressure testing the recent highs. Momentum indicators also point to continuation of positive bias.

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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