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Thursday, March 10, 2016 

Stocks to Watch for March 11, 2016

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Sarepta Therapeutics Inc (NASDAQ:SRPT) made a strong reversal candle Thursday on heavy volume and broke out the neckline of a Cup and Handle bottom chart pattern. The volume confirmed the breakout, as it was greater than average. With technical chart showing strength as MACD is above signal and RSI above its 50% level, we could see the stock keep going up. Next resistance is at $18.10 (Declining 50-day EMA).

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Tesla Motors Inc (NASDAQ:TSLA) has reached a key resistance area. The stock could be setting up for a pullback here. The technical indicators are looking slightly weaker. The slow stochastic is in the overbought and showing signs of falling. The MACD is in the positive zone, but the RSI has stopped rising. From a technical point of view a close below the $200 level would activate a sell signal.

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United States Steel Corporation (NYSE:X) has been is on a remarkable run and it does not looks like the trend will change soon. The stock could breakout again at any moment. Next buy point when clears 14.54 on heavy volume.

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CONSOL Energy Inc. (NYSE:CNX) is still holding up well here and the stock has a chance to move higher. Keep this one on your watch list, it could be setting up to break out of this flag.

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Mattel, Inc. (NASDAQ:MAT) Another stock that looks like it will break out soon, watch this trend line and act accordingly.

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AtriCure Inc. (NASDAQ:ATRC) Nice price movement on decent volume today and may still have a chance to move higher from here. Next buy area when it clears 17.93 on heavy volume.

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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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