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Saturday, May 14, 2016 

My stock watch-list for Monday, May 16

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Galena Biopharma Inc (NASDAQ:GALE) jumped Friday 7 cents, or 5.74%, and closed at 1.29, just slightly below key resistance and the top line of the descending channel in which stock consolidated since April. I don't like to speculate but it's clear that something will happen soon on Galena Biopharma. There was heavy volume in the January calls at the 3 and 4.5 strikes. It looks like people are really convinced that stock will breakout over $1.40 very soon. For that reason, I bought a lot of shares yesterday. Moreover, last week FBR & Co., Maxim Group and Noble Financial reiterated a buy rating on shares, with prices targets well above $3.50. If a breakout above the 1.40 level occurs next week, we could see an acceleration of momentum and move toward the 1.76-1.90 area.

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TubeMogul Inc (NASDAQ:TUBE) looks poised for a new wave higher, potentially reaching $15 before month-end. The recent pullback, and the guidance rise has probably attracted a ton of traders looking for an opportunity to jump into a stock that took a dip. From a technical perspective, there are several short/mid term technical indications suggesting that TUBE could make a move to higher levels. On Friday’s session the stock closed near the highs of the day which is very bullish for next week. I have seen real signs of accumulation (A/D Indicator) for the past 2 months and I'm hoping to see another leg up.

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VirnetX Holding Corporation (NYSEMKT:VHC) stock has been stuck in a range between $3.89 and $5 for much the last two months, waiting for some news to support the next movement on either way. Anyway, a short/medium-term bullish bias is favoured as long as the key support around 3.88/3.90 holds.

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ZIOPHARM Oncology Inc. (NASDAQ:ZIOP) I like this stock for a long-term hold. It is part of my portfolio and I intend to stay with it. The stock price could break the $9 level again, if they can keep good press. From a technical perspective, the momentum indicator MACD seems to be reversing , while the RSI indicator is currently holding near 40. That said, short/mid term investors need not worry as long as the stock holds above the 6.50-6.60 level.

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Another great trading session for MGT Capital Investments Inc. (NYSEMKT:MGT) on the last trading day of the week, however the buying pressure appears to have eased (see decreasing buying volume). Anyway, If the money continues to flow into this stock next week, you could expect more gains. Play it with tight stops.

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Advanced Micro Devices, Inc. (NASDAQ:AMD) looks to be setting up for an upside move, as the stock price has held up well the past few sessions. A high volume move through the $3.80 price level would be buyable.

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Michael Kors Holdings Ltd (NYSE:KORS) has filled the gap up that was created on 2th Feb. Short-term, i expect a bounce, at least to the 46 target. Plus, considering that the stock is extremely oversold the bounce could be strong. On watch.

I discovered and have been talking about this new investment management app called "Stockal" for a few days now. The reason I've mentioned it a few times is that I find it really useful and I think my followers will also gain from it. "Stockal" gives new investing opportunities like a few feed whenever you open the app - so you can discover stocks which are moving or likely to move anytime and everytime. For all stocks, it has interesting data like Analyst Confidence Meter (based on top Wall St firms ratings) Social Media Pulse, Sentiment and Revenue Prediction (yeah that really helps in the earnings seasons). Plus, they've just added a Chat feature to their iOS app for you to invite friends/peers/experts to Stockal-chat. Cool thing is that you can see stock summaries and add stocks to Watchlist inside Chat itself. And finally, i hear these guys are adding trading also. They're getting E*Trade, TD Ameritrade, Fidelity, Options House, TradeStation and Scottrade for now. So you will be able to place trades without going back and forth between your broker account/s. Trading is coming in June. 

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.


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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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