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Saturday, August 15, 2015 

Stocks to keep an eye on August 17, 2015

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3D Systems Corporation (NYSE:DDD) has been in a two-week bullish flag formation off its sharp rebound rally in the first days of August. A break of the flag pattern to the upside targets a move to the 15.5 to 16 area. The climbing MACD is supporting a bullis trend. From the insider transactions, the Director of the company is very bullish as he purchsed total of 25000 shares in the past week between $13.93 and $14.20 per share. In addition the short interest has decreased by 5% recently. The huge short interest could fuel some big spikes higher soon, so watch for a potential breakout attempt.

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Vringo, Inc. (NASDAQ:VRNG) after a big surge in price and volume in the second half of July, has consolidated for the last two weeks in a bullish flag formation. If a breakout above that key resistance level occurs in the next couple days, we could see the stock next reach the 90-95c area.

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OHR Pharmaceutical Inc (NASDAQ:OHRP) According to the 13-F filed by the billionaire financier George Soros on Friday, he initiated a new position in the company (12100 shares). Although the amount of shares added was relatively small, we dont know if he has been buying more in the recent days, so we should be prepared for a big move on Monday. Historically, the stock has made strong moves upwards on news, past performance is not always a guarantee of future performance, but we could learn from how the stock has reacted in the past. The month of July and the reaction in after-hours was a good example. Hence, I believe the stock has strong potential to experience extreme appreciation in the near-term. Major resistance lies at 4.34

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AK Steel Holding Corporation (NYSE:AKS) I will be watching the stock again next week for a continuation move through Friday’s highs of $3.24. The CMF indicator on chart shows the strength of conviction behind this Bullish trend. Lets keep an eye on it.

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Shares of PrimaBiomed Ltd. (NASDAQ:PBMD) soared 44% or 44 cents to $1.44 per share on Friday's trading session breaking out the downtrend line that has formed since June on heavy volume. The uptrend is strong based upon the MACD reading and the ADX line. The key resistance level to watch next week is at 1.80 above this level could test 2.40 next.

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FibroGen Inc (NASDAQ:FGEN) Nice breakout on high volume. There is a good chance the stock will continue to move up.

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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