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Thursday, May 21, 2015 

Stocks to keep an eye on May 22, 2015

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Shares of GlaxoSmithKline plc (NYSE:GSK) are starting to heat up and are worth watching. If volume can pick up, I believe this stock can break through next resistance at $46 and re-test its March highs around $48. Daily technical chart shows some bullish signals as RSI is now going up and the MACD just crossed above the signal line.

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Enzon Pharmaceuticals Inc (NASDAQ:ENZN) closed today at $1.22 on solid volume. The stock was trading as high as $1.88 in April and it appears that a massive potential bounce could be imminent. The MACD Histogram is displaying a positive divergence and RSI is starting to trend upwards. There was a steady increase in vlm towards the end of the day, leading me to believe this stock is starting to attract some serious attention. On watch.

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BlackBerry Ltd (NASDAQ:BBRY) After the market close, the company announced a buyback plan for its shares (2.6% of the float). With a short interest of around over 17% and a nice setup it looks like many of shorts will start to feel some pain. Technical indicators are looking bullish. The RSI is moving up and above its 50 level. The daily MACD continues to trade in the positive zone and the ADX is also turning up.

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Very bullish action on Ibio Inc (NYSEMKT:IBIO) today. The stock made a very significant move on high volume which could be signs of a bottom here. First resistance is seen at today's high of $1.09 and then at 1.12. On watch.

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Himax Technologies, Inc. (NASDAQ:HIMX) Although the stock price did not perform well today, the daily technical chart is still showing positive momentum. Nearest resistance for the stock is at $6.52. If this level is crossed and the stock is able to sustain above this level, then it might go to $7

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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