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Tuesday, August 23, 2016 

My Watchlist for Wednesday, August 24

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VirnetX Holding Corporation (NYSEMKT:VHC) remains oversold and is gaining momentum again. The price broke above the small bull flag formation by gaining 4 per cent on decent volume. I believe it is ready to post a nice bounce and I do not see any strong resistance on the technical chart until $3.48 (50EMA). We have all seen how quickly this stock can head higher, when the buyers come. A stop loss should be placed below 2.53

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Esperion Therapeutics Inc (NASDAQ:ESPR) is inching closer and closer to a breakout. Buying momentum is still positive and strengthening. I will continue to watch this stock. Nice gap to fill if it can break through resistance. The real fireworks should begin if the stock price can close above $11.60. As long as the stock can remain above 10.5, I like the stock.

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Adamis Pharmaceuticals Corp (NASDAQ:ADMP) had a remarkable move up today with very high volume. The short-term outlook is positive and a move to 3.30/3.5 appears likely. Among oscillators, the RSI and MACD are currently showing positive momentum.

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Clovis Oncology Inc (NASDAQ:CLVS) broke out in a big way on massive volume today after the company announced that the FDA has accepted Clovis’ NDA for accelerated approval of rucaparib and granted priority review status to the application with a PDUFA date of February 23, 2017. The heavy buying makes this an interesting situation and one worth watching on Wednesday. I believe we will see some nice follow through. I would look for a move up to $26.92 resistance. If it passes that, there is very strong resistance at $30 coming up next.

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Capstone Turbine Corporation (NASDAQ:CPST) had a very bullish move today breaking several resistance lines with large volume. With the MACD turning up and above its signal line, this stock could post a nice rally from current levels. Stay tuned.

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Toll Brothers Inc (NYSE:TOL) Big breakout on high volume. Buyable on a pullback to the pivot.

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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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