--BENZINGA PROF ------ CHAT ROOM --- SPECIAL Limited TIME -- OPTION ALERTS ---

Saturday, February 13, 2016 

Stock chart setups for the week ahead

( click to enlarge )

Shares of Groupon Inc (NASDAQ:GRPN) soared 29% or 65 cents to 2.89 per share after reported fiscal 4Q15 results that shattered analyst forecasts, along with a favorable full year 2016 guidance. Friday's close was notable as the stock broke the downtrend line that has been in place since the early November. Plus, it also closed above the recent highs of 2.87. From the daily technical chart the long term trend is still weak as the stock is still below 200-day exponential moving average with the moving average keeps falling. However, it may be in a rally for the short-term as %K line has crossed on top over %D line, while the daily MACD indicator is on top over the signal line showing strength for the short-term. If momentum continues as I expect next week, the stock could break the psychological level of $3 and move higher. Note: According to a regulatory filing on Friday, Alibaba Group Holding Ltd. is now the 3rd largest Groupon shareholder with 33 million shares.

( click to enlarge )

Twitter Inc (NYSE:TWTR) is catching the attention of market players again after the earnings report. The stock had a strong session yesterday taking out the 9-day EMA on expanding volume and it seems to have broken a small falling wedge pattern. With the RSI rising off an oversold position and with MACD crossing over the signal line, the stock looks prime for a continuation of Friday's rally. An initial resistance can be found at 16.71. (20EMA).

( click to enlarge )

Celldex Therapeutics, Inc. (NASDAQ:CLDX) was on my bottom scan at $6.50 and hit a high of $7.33 Friday. A good example of why bottom plays can be very lucrative if you buy in at the right time. The short-term technical structure suggests continued bullish momentum. My initial target is under $7.80 and a stop-loss should be considered at $6.96.

( click to enlarge )

NantKwest, Inc. (NK) As can be seen the houly chart has been forming a bottom pattern with some smart money involvement over the past couple of days (Positive MACD divergence + OBV). Honestly and based on the hourly chart above I think NK will have a relief rally from current levels after a dramatic fall. As you can see it has held its current range, meaning we could be seeing at least a temporary bottom. This is a low volume stock so the price is likely to go up pretty fast. The stock surged in the final hour of trading on high volume, which could be another bullish factor for the week ahead.

( click to enlarge )

Rambus Inc. (NASDAQ:RMBS) As long as the stock holds above the $11.53 support level on a close basis, the intermediate-term picture should remain positive. Looking at the technical daily chart above, although the moving average still shows weakness as 50-day EMA is below 200-day EMA, positive momentum seems to be back as the stock is back above its major short-term EMAs. My bias remains neutral to bullish over the short to intermediate term.

( click to enlarge )

BlackBerry Ltd (NASDAQ:BBRY) Later in the afternoon of Friday, the company announced that signed two patent licensing agreements with Canon and IGT, which seems to be very good news. From a technical standpoint, the price is testing its support and is forming a potential double bottom reversal pattern, confirmed by the positive MACD divergence. It failed to make a lower low. On the upside, the immediate resistance is at 6.82 (declining 9EMA), followed by 7.14.

( click to enlarge )

VirnetX Holding Corporation (NYSEMKT:VHC) rose 3.52%to $7.05 on Friday, closing at its session highs after spiking in the last hour. VHC is starting to gain interest again and could see a rapid ascent as the accumulation chart shows a trend reversal to the upside. Momentum indicators remain in overbought territory but are not yet giving any selling signals. Only a break above the 7.60 resistance area could take the price higher and negate the short-term bearish view. I will watch the stock closely on Tuesday.

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

Thursday, February 11, 2016 

Stocks to Watch for February 12, 2016

( click to enlarge )

Shares of Celldex Therapeutics, Inc. (NASDAQ:CLDX) closed the day gaining more than four percentage points on solid volume. The stock has dropped from $16.65 a share to $6.25 a share over the course of just two months. There are some signs of a possible bounce at this point due to oversold indicators and some positive divergences, which often leads to short covering. The Relative Strenght Index has reversed the course and the daily MACD is starting to curl up, suggesting that a positive crossover could be coming soon. I feel that this stock can easily run to 8.5's in the near term.

( click to enlarge )

ZIOPHARM Oncology Inc. (NASDAQ:ZIOP) looks poised for a break to the upside. A minor resistance is expected at 5.65 (20EMA) but if that resistance fails, the further gains towards $5.99 will be expected. Technical indicators are looking neutral to bullish. The RSI is moving up and above its 40 level. The daily MACD continues to trade above its sginal line but in the negative territory and the CMF is now positive, which means there is some money flowing into the stock. Overall my short-term view remains neutral till a decisive break above $5.65 takes place.

( click to enlarge )

Intrexon Corp (NYSE:XON) has been pulling back on low volume while the Chaikin Money Flow continues to rise, signaling accumulation. I would not be surprised to see it test the $36 level again in the coming days.

( click to enlarge )

Relypsa Inc (NASDAQ:RLYP) has sold off over the past few weeks but looks to have found a bottom. The stock closed up $1.42 Thursday on good volume. Daily MACD also gave a buy signal today. Let's keep an eye on it as i think momentum will pick up. First upside target of $19

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
Photobucket Contact

About Me

    Photobucket
  • I'm a 41 year old Independent Trader using proprietary technical analysis with more than 18 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











    banner photo sc-18_zps59961ccf.jpg

    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

    QUOTES

    POPULAR SECTION

      banner photo sc-18_zps59961ccf.jpg

    RECOMMENDED

    TRANSLATOR

    Site Information

    Stock Market Blogroll

    Friends BLOGROLL

    ARCHIVES

Powered by Blogger
and Blogger Templates


Add to Google