Stocks to Watch for December 09, 2015
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Clovis Oncology Inc (NASDAQ:CLVS) A possible cup & handle bottom pattern may be forming on the daily charts. The technical chart shows bullish sign with MACD fast line line on top of MACD slow line and RSI rising. The neckline is located at the $35.76 level so a break above this resistance area could be enough to confirm a new uptrend. There could be good upside in CLVS so watch the stock closely.
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Whiting Petroleum Corp (NYSE:WLL) has achieved a small boost during Tuesday’s market as traders witnessed the extreme oversold position. I would like to see a break over today's high of 12.76 to indicate possible bounce is on deck. I feel that fundamentally, the stock looks attractive at least for the short term.
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Activision Blizzard, Inc. (NASDAQ:ATVI) hit a new 52-week high today, trading as high as $39.46, before settling at a close of $39.36. I'll be watching the stock on Wednesday, looking for a follow through move.
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Aduro BioTech Inc (NASDAQ:ADRO) Strong reversal candlestick on the daily chart on decent volume. Looks ready to test the recent highs.
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Alibaba Group Holding Ltd (NYSE:BABA) I'm still convinced that a breakout is coming sooner or later and the move will be powerful if it breaks out upwards.
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.
AC
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.
AC
Labels: ADRO, ATVI, BABA, CLVS, WLL
