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Wednesday, February 10, 2016 

Stocks to Watch for February 11, 2016

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Chimerix Inc (NASDAQ:CMRX) not only broke the descending channel pattern on the Hourly chart, it also managed to reach the 7.35 area Today. Technical indicators are starting to turn north now. The chart sure shows a possible reversal in trend coming. A breakout beyond $7.35 will take the price to $7.90. Hold the stock with a stop below its recent low at $6.15.

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Plug Power Inc (NASDAQ:PLUG) showed relative strength today and ignored the market pullback in the final hour. Price appears to be forming a falling wedge, which may lead to a bullish breakout and reversal of the recent downward trend. On watch.

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Cadence Design Systems Inc (NASDAQ:CDNS) closed back over the 200EMA and the volume was good. It looks like an upside breakout could be around the corner as the stock completely turned around from Thursday's negative price action. The immediate support level is now adjusted to $19.8 followed by $19.48 and the resistance continues to be located at $20.96 followed by $21.43. The short-term trend is positive as the stock is trading upwards along with both 9EMA and 13EMA.

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Republic Airways Holdings Inc. (NASDAQ:RJET) Setting up a possible resistance breakout trade. Long over 2.22

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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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