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Sunday, July 03, 2016 

Stocks to Watch for July 05, 2016

After a well deserved break I'm back to share with everybody FREE trade ideas. It was really a great time to unwind some of the pressure of markets and hope you all understand. I would like to remember everybody that you can follow me here, on Stocktwits, or on Twitter in real-time. I want to thank all my readers and blogging friends for the role that each and everyone had in the course I've been doing. Many thanks for the comments, the friendship and the support.

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Bluebird bio Inc ((NASDAQ:BLUE) showed relative strength last week and price broke through its downtrend line that it established since Dec 2015 on decent volume. MACD & ADX finally triggered the buy signal indicating that a new upward cycle has begun. The stock is now going to test the next resistance level at $47.66 which is the 100-day EMA. I'll be watching the stock on Tuesday, looking for a follow through move. It has momentum back on its side.

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Relypsa Inc (NASDAQ:RLYP) is currently displaying a large symmetrical triangle pattern along with some positive divergences showing up in the Daily indicators. The RSI also continues to support the bullish case with a move higher in bullish territory. Once the stock breaks through the upper line of triangle, we should see a heavy increase in buying. Another good point of interest is the high amount of shorts in the stock. If a buyout rumor gains traction again, then we could see a short squeeze which will lead to a significant upside move. I'm long here.

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MGT Capital Investments Inc. (NYSEMKT:MGT) The short-term exponential moving averages continue to support the trend of the stock as it still rises. The daily MACD lines are also trending upward. Let’s see whether the stock can gather enough momentum to break through Thursday’s high. If the Bulls are able to push through 4.59 next week, there will be a rally towards 5 area.

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Dicerna Pharmaceuticals Inc (NASDAQ:DRNA) was a big winner on Friday as the stock ended up $.54 on the day. I will be watching the stock on Tuesday for a continuation move through Friday’s highs of $3.63. Although this big white candle is encouraging the near-term outlook stays cautious till the stock closes conclusively above the declining 100-day EMA (yellow line) on heavy volume.

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Twitter Inc (NYSE:TWTR) By looking at this daily technical chart, is very clear that the stock wants to move higher again, however it is approaching a long term resistance level that the stock has struggled to break in the past. Price needs to take out $18 level to continue higher. Watch the stock closely next week.

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Platinum Group Metals Limited (NYSEMKT:PLG) displayed some impressive relative strength on Friday with a 16.81% gain. Volume starts to pick up again. Could make a nice move to the upside. MACD lines are going up. A break of $4.04 with force might give the stock room to $4.50. On watch.

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NovaGold Resources Inc.(NYSEMKT:NG) Keep an eye on this one next week, setting up to break this resistance area. MACD and ADX both signal positive strength. The stock is trading above all major EMAs, also a bullish sign.

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Facebook Inc (NASDAQ:FB) On my watch list for this week. The MACD just produced a new buy signal. I would watch for a breakout over the $116 region.

While I was away, Stockal has continued to evolve towards its objective of becoming the numer 1 stock app for retail investors. So, Stockal (which is still FREE) gets you simplified investing indicators such as ConfidenceMeter (from Analysts), SocialMediaPulse (from trader chatter), Sentiment (from News and conversations on StockTwits/Twitter) and Revenue Predictions (of underlying companies, from thousands of analyst estimates). Interestingly, now you can trade via the app by just linking your brokerage account to it. They work with all the top brokerages of the country. Not just that, if you feel like you need a friend or an expert's opinion before trading or if you find an article worth sharing, then you can use Stockal Chat as well. 

Stockal will release a paid version soon. So, get the free app before the plan ends. 

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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