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Saturday, July 30, 2016 

This is my watchlist of stocks for Monday 01 Aug

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aTyr Pharma Inc (NASDAQ:LIFE) which broke out of a falling wedge on Wednesday and consolidated Thursday, continued to move higher Friday on heavy volume closing the session above the important price level of 3.39. This could push the stock above its next resistance level in the 4 area towards the 4.05-4.35 trading range in the next couple of trading days. This technical set-up appears to be near perfect to deliver good gains. The ADX value is increasing and above the 30 level and +DI is above the –DI indicating development of strong up trend. The MACD indicator is also above its signal line indicating further strength may be possible.

Plus, the insider transaction chart also is showing bullish signal as all transactions have been purchases of stock. In addition the institutions are also bullish, Tang Capital just bought 190k shares in Q1. We could see some impressive movement next week. I took a strong position for a swing trade here (tweeted at 2.96).

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Merrimack Pharmaceuticals Inc (NASDAQ:MACK) is a candidate to be traded in breakout mode next week. The Daily technical indicators are looking better for the stock with MACD indicator above its sell signal line, %K line on top of %D line and RSI indicator moving up above the 50% level. This is one for the bottom pickers. Upside volume is picking up and a small rounding bottom is also taking shape. Keep an eye for a possible breakout over $5.90.

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ZIOPHARM Oncology Inc. (NASDAQ:ZIOP) has recovered nicely and can potentially set-up very well for a swing-trade next week if the stock breaks through the resistance level at $5.11. From a technical standpoint the RSI is coming out of oversold territory, MACD is curling up and Slow Stochs crossover and upward turnaround. The break of the resistance 5.11 with heavy volume should be the next buy point on ZIOP.

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Shares of Repros Therapeutics Inc (NASDAQ:RPRX) traded nicely on Friday and I’m looking for continuation of the upward direction next week. From a technical standpoint, the daily chart looks Bullish with all short-term EMAs going up and MACD on top of 0, RSI in a Bullish area too. I'm setting resistance at $2.20, which was the high of Friday. If the stock breaks through, the next resistance lies at $2.4.

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MGT Capital Investments Inc. (NYSEMKT:MGT) had a strong bounce off the 2.61 level last week accompanied by a nice pickup in volume. If the stock holds above $3, the price may rise to the 3.30-3.50 range in the short-term. The daily technical indicators are also confirming with positive signs. MACD histogram is starting to rise and the RSI is curling higher.

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BlackBerry Ltd (NASDAQ:BBRY) We may see some consolidation above the 7.45 level (breakout zone) after the sharp run-up in the past few sessions. The strong accumulation over the past days has shown funds moving into the company and moved share prices upward. I expect the current reversal in trend to continue.

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FireEye Inc (NASDAQ:FEYE) consolidated on Friday and formed an inside bar candle pattern above the 100-day EMA support line, which indicates a pause in the up move. Overall the bias still remains bullish.

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ACADIA Pharmaceuticals Inc. (NASDAQ:ACAD) has not done much in the past week but continues to manage its bullish consolidation above all major EMAs. A sustained break of $38 should bring the stock price to a test of the recent highs in the $42 area. From a technical standpoint, daily technical indicators are in bullish zones. The MACD is rising and in the positive territory. RSI is above its 50% level and the Slow stochastic is inside its overbought zone. All five EMAs are rising and the stock is trading above them. Watch this "bullish" consolidation for the next directional clue.

As usual on the weekend post, I use some space in my “blog” to talk about the progress of the app I have embraced in the past weeks. Some of you know, others not, this app continues to be FREE of charge, but in the next few weeks this will change and they will start a premium service with a top experience for users. As an investor, people need help in 3 main areas - identifying potential stocks to invest in, figuring out when to buy/sell, stay on top of important information. Frankly, I am hearing from a number of my readers that the Stockal app does a pretty good job of these things. First up, it has news, analyst articles, curated social chatter and respective decision making signals all-in-one-place for most stocks. Then for every stock it can tell you when trader sentiment falls or rises or analyst opinion changes or revenue is predicted to move significantly - pretty much what you need to know to decide whether "now" is a good time. Finally, Stockal's Trending Stocks feed is good for identifying the stocks which are likely to move or are already moving. It's all quite comprehensive! Plus, you can trade directly inside the app itself. Get it for iPhone and Android .

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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