Stocks to Watch for Aug 10, 2016
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Valeant Pharmaceuticals Intl Inc (NYSE:VRX) broke out and traded nearly 6x normal daily volume. Today's heavy volume was what we want to see when a stock breaks resistance. It has the potential to make a nice run on Wednesday. Momentum indicators are bullish now with RSI inching away above the middle level. The strongest sign of a bullish momentum is the MACD which has just started to increase. The ADX is also showing positive signs on the stock. Today’s high was $28.18, which is resistance for the follow through move. With a combination of good earnings and a breakout with high volume, we should see a continuation of the rally for a couple of days.
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PTC Therapeutics, Inc. (NASDAQ:PTCT) continued its bullish momentum closing the session with a gain of 2.68% at $7.8. Immediate resistance remains around $8. A clear break above that area could trigger further bullish pressure targeting the 100-day exponential moving average at $9.20. Momentum indicators also point to continuation of positive bias.
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Horizon Pharma PLC (NASDAQ:HZNP) made a significant move today closing above major resistance level of $22 on high volume. This breakout suggests a possible move to $23.10 in short-term.
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Sientra Inc (NASDAQ:SIEN) finally broke and closed above resistance in todays trading session after a period of consolidation. The heavy buying makes this an interesting situation and one worth watching on Wednesday. This momentum could push this stock much higher from here. Next resistance is now seen at $8.50
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Ambarella Inc (NASDAQ:AMBA) finally broke out of this bull flag pattern I posted last night.
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Still holding this low float stock. CombiMatrix Corp (NASDAQ:CBMX) closed higher today on decent volume as the stock is trying to make an upside move. It could be on the cusp of a big breakout to the upside.
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VirnetX Holding Corporation (NYSEMKT:VHC) surged more than 5 percent today accompanied by a good volume expansion. The stock is showing signs of bottoming out on daily charts along with the RSI giving positive signals. Gap over 2.66
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.
AC
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Vuzix Corporation (NASDAQ:VUZI) made a strong upside reversal, printing a nice bullish candle on solid volume. Resistance for tomorrow is $7.75, which was today's high.
If you want to contact me for advertising opportunities on blog or twitter, then get in touch via emailDisclaimer : 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.
AC
Labels: AMBA, CBMX, HZNP, PTCT, SIEN, VHC, VRX, VUZI
