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Thursday, December 19, 2019 

Stocks to Watch for December 19, 2019

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Atossa Genetics Inc (NASDAQ:ATOS) had a nice move Thursday on above average volume and I expect to see a continuation move today. With the 100-day EMA sitting close to $1.73 and the 200-day EMA over $1.99, this stock has a lot of room to run on any rally. The technical indicators are reversing up and are advocating for a technical rebound. Long setup on watch.

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The money seems to be flowing into  ShiftPixy Inc (NASDAQ:PIXY) again as indicated by the OBV. With no clear resistance between $8 and $12, a break above the $7.99 level (Wednesday's high) can see the stock trade in the $10 area pretty soon. Keep this stock in your watchlist.

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McDermott International, Inc. (NYSE:MDR) broke above the key resistance line of this sideways pattern on a move up 30 cents to $1.08. A move above 1.14 would confirm the breakout with the next target of 1.45 and then 1.57. From a technical standpoint indicators are looking slightly Bullish. The MACD indicator is above the signal line but rising in negative territory. The Slow stochastic and RSI are well inside their Bullish regions. A stop loss should be placed at 87c.

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New Age Beverages Corp (NASDAQ:NBEV) should get some action today after the company's Director HAAS TIMOTHY J reported a big insider purchase of company stock. A break and close above 1.98 could likely lead price to rip up to 2.45

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LMP Automotive Holdings Inc (NASDAQ:LMPX) May have put in a short term bottom. MACD on 30m chart is showing signs of a stabilization. I'm stalking this stock to see if it clears the $24 level again.

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Akers Biosciences Inc (NASDAQ:AKER) Daily Technical indicators are displaying positive divergences and I think we could see a strong reversal over the coming days. The stock price sits right at its 52-week low and has fallen from over $15 a share to the current $3 price. Yesterday's heavy volume could be signaling a temporary bottom.

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The chart of  Rite Aid (NYSE:RAD) caught my eye today. On the above technical chart, we can quickly see that the stock is forming a descending channel waiting to be broken. A breakout from the upper trend line of the channel can trigger a sharp upside move towards 9. Long setup on watch.

During the day I tweet many times to my readers. I encourage everybody to subscribe AC Investor Blog twitter and newsletter, so you can receive my trade ideas and stock news in real time.

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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