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Monday, February 08, 2016 

Stocks to Watch for February 9, 2016

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Juno Therapeutics Inc (NASDAQ:JUNO) Despite today's sell-off, the stock displayed some impressive relative strength. It is poised to make a come back after dissappointing performance this year. There have been some pretty bullish candles forming and it seems to me like it is ready to turn up. For the second time in a row the stock closed above its 5EMA with good volume. Moreover, the MACD has produced a buy signal that should help in the short-term. Although it is still in bear market with MACD below 0, with %K line now back above %D line the stock has chance to start new rally. I bought some today at $27.05 and I think that it could go to $30 relatively soon. My Stop 24.80

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Alphabet Inc (NASDAQ:GOOG) Nice clean bounce off the 200-day EMA. We have to watch for a continuation or reversal. As long as it can hold above this key support line, the bounce should continue. On the upside, we expect tough resistance at 698 and 703.

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Apollo Education Group Inc (NASDAQ:APOL) Apollo Education Group Inc. has accepted a $1.1 billion takeover offer from a group of buyout firms. The buyers will pay $9.50 per share for the company, which is a 37% premium to Friday's closing price. The stock closed today at 8.62 significantly below the takeover price of $9.50 per share. I will not sell my shares below this price.

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Richmont Mines Inc. (NYSEMKT:RIC) is a low volume small cap stock that has been in a nice uptrend in the last sessions and it looks very strong with both 20-day and 50-day exponential moving averages going up while %K line is on top of %D line. It is now on the overbought level, so this means a possible correction is near. This may give us a chance to jump in on the stock when it moves lower. This is a stock to keep an eye on for awhile.

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Yamana Gold Inc. (NYSE:AUY) remains in a clear uptrend, but there were four days of increasing volume and this stock is way overextended. The technical chart shows positive sign as the stock is now trading above all three major moving averages with KD rising and MACD now above 0, however the recent surge may spur some profit taking. On watch.

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Zagg Inc (NASDAQ:ZAGG) closed up despite the market decline. I'm starting to see a renew interest in the stock. Long on the break of Monday’s high at 10.61

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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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