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Sunday, November 06, 2016 

My Watchlist for Monday, November 07

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Put BlackBerry (NASDAQ:BBRY) on your radar next week as a possible bounce play. The 14-day RSI hit again oversold levels that have historically acted as good buying opportunities, as you can see on the chart above. The stock just had a major pullback since earnings, forming a falling wedge pattern on daily, which is considered to have a bullish bias, suggesting a potential trend reversal. However, be noted that this bullish pattern is not confirmed until the upper resistance level of the wedge is decisively broken. Therefore, if the history repeats itself once again, we could see a strong bounce higher.

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Hortonworks Inc (NASDAQ:HDP) had a very strong session on Friday, breaking out above the $8 level on heavy volume. As long as it can hold this level, the stock looks good. Technicals are showing bullish signals supported by rising MACD and A/D line.

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Novavax, Inc. (NASDAQ:NVAX) A breakout above $1.52 (Friday's high) would constitute a technical entry for the short-term trader looking for a quick trade. The RSI finally crossed above 30 level for the first time in weeks, which shows bulls are maybe ready to come in, however only when it is above 50 level will it give us more confidence in that. Use a tight stop here.

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Marrone Bio Innovations Inc (NASDAQ:MBII) had a nice move Friday, as the stock set a new high for 2016 above the $2.20 area. The stock hit a high of $2.21, which is resistance for the follow through move. The long-term trend is bullish as the stock is above 50,100 and 200-day exponential moving averages with all exp moving averages going up. You should watch this stock closely next week.

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Boingo Wireless Inc (NASDAQ:WIFI) had a strong breakout day on heavy volume placing this stock on the map for technical analysis breakout buyers. Long if we break the 10.80 area or wait for a pullback down to 10.38 (pivot) and long again. Use the rising EMA50 as stop.

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Harsco Corporation (NYSE:HSC) Stalking as a potential swing long above the 10.10 area on volume (downtrend line).

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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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