-Financial Tools Futures Market--TRADE IDEAS-- OPTION ALERTS -BENZINGA PRO-

« Home | Stocks to Watch for Aug 11, 2016 » | Stocks to Watch for Aug 10, 2016 » | Stocks to Watch for Aug 09, 2016 » | Here is my stock watchlist for Monday » | Stocks to Watch for Aug 04, 2016 » | Stocks to Watch for Aug 02, 2016 » | This is my watchlist of stocks for Monday 01 Aug » | Stocks to Watch for July 29, 2016 » | Stocks to Watch for July 28, 2016 » | Stocks to Watch for July 27, 2016 » 

Thursday, August 11, 2016 

Stocks to Watch for Aug 12, 2016

( click to enlarge )

Onconova Therapeutics Inc (NASDAQ:ONTX) saw a strong bounce on heavy volume today, closing above the 9-day exp moving average for the first time since June. Further rebound is expected to test the $4 level. If a break above this level occurs, price could eventually target the 4.50 region to the upside. Daily technical indicators are turning bullish. MACD is about to cross above its falling signal line and the RSI has bounced up a bit from the edge of its oversold zone. In addition, slow stochastic is trying to emerge from its extreme oversold zone. A solid base has been established around the 3.20-3.35 zone and I believe that the stock is poised to break through the 4 mark soon. I'm currently accumulating this stock.

( click to enlarge )

PTC Therapeutics, Inc. (NASDAQ:PTCT) Watch this bull flag formation. Good long setup, if it takes out the $8 level on volume.

( click to enlarge )

Seres Therapeutics Inc (NASDAQ:MCRB) showed more signs of strength on today's session, as the stock closed up $.52 on the day. It has strong resistance around the $10 level, and breaking above could take the stock to $12.25 in a very short time frame. Keep an eye on MCRB and be prepared for this upcoming move.

( click to enlarge )

On my watch list for tomorrow. Nice clean bounce off the 20-day EMA today. Shares of SCYNEXIS Inc (NASDAQ:SCYX) are starting to heat up again and are worth watching. If volume can pick up I think this stock can break through resistance at $2.22 and re-test its recent highs around 2.35

( click to enlarge )

Resolute Energy Corp (NYSE:REN) Some serious upside volume coming into this stock over the last few days. At the present level the stock is incredibly extended, anyway REN is now seeing blue skies as there is no resistance overhead. I'm bullish on the stock, but in situations like this (extreme overbought conditions) I prefer to wait for a pull back, rather than chase the market.

( click to enlarge )

Silver Standard Resources Inc. (NASDAQ:SSRI) broke out to a new 52-week high today accompained by a strong volume suggesting higher levels. The technical daily chart still showing a bullish bias. KD line shows positive signs as %K line is rising on top over %D line and RSI continue moving up. The MACD has also formed an upside cross. I suspect the stock may continue to appreciate over the coming days.

( click to enlarge )

LendingClub Corp (NYSE:LC) On watch. Nice bullish candle today. Has a gap to fill over 5.63

If you want to contact me for advertising opportunities on blog or twitter, then get in touch via email

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

Labels: , , , , , ,

Bookmark and Share

Contact

About Me

    Photobucket
  • 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.

  • Benzinga.com supporter

    Benzinga.com supporter



    FREE NEWSLETTER

      Enter your email address:

      Delivered by FeedBurner

      Subscribe my feed :

    Support AC

    • Support AC Investor Blog, Donate with PayPal

    Advertising

      Interested in advertising on AC Investor Blog ? Click Here

    TRANSLATOR

    Site Information

    Stock Market Blogroll

    Friends BLOGROLL

    ARCHIVES

Powered by Blogger
and Blogger Templates


Add to Google