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Monday, November 24, 2014 

Stocks to Watch for November 25, 2014

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3D Systems Corporation (NYSE:DDD) broke out of a one-week consolidation base with a move up 2.35 to 37.50 on Monday spiking above the resistance line on heavy volume. The move confirms the stock's reversal. The MACD and CMF are also on uptrend movement. My short-term target is in the 40 area.

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NQ Mobile Inc (NYSE:NQ) As I've mentioned this afternoon on Twitter, call options were very active today, particularly the January calls with strike prices significantly above the current market ($10 and $15). For the short term the stock should still continue to go up. A close above $7.88 would have positive implications and could push the stock to the 9-9.5 range. With technical indicators showing positive divergences and options traders buying calls, we might see a strong rally till $9.

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BlackBerry Ltd (NASDAQ:BBRY) closed back above its 50-day EMA today. A break and close above the 9-day EMA at $10.54 could bring in some buyers.

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Gigamon Inc (NYSE:GIMO) is still trading in a range with resistance at 15.05 and support near 13.70. Should breakout hard to upside when it crosses over the top of the range.

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Intel Corporation (NASDAQ:INTC) has been in an upwards trend the past few sessions and looks ready to continue this move. Over 36.46 for continuation.

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Mobileiron Inc (NASDAQ:MOBL) broke down today under support in a strong market. First support is now located at 9.30 with stronger support down at 8.75. Technical indicators signal a negative momentum for the stock. Short setup IMO

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.

Thanks for visiting AC Investor Blog.

AC

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Saturday, November 22, 2014 

Stocks to Watch for November 24, 2014

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Rocket Fuel Inc (NASDAQ:FUEL) is looking good to me. I'm very pleased about how the stock has pulled back to its EMA50 after its large move in the middle of this month. Yesterday's rise on solid volume may have signaled the end of the current pullback as there are some signs of capitulation here. For the coming week, a breakout above the 17.50 level would signal the start of a new uptrend that could potentially test the recent highs around the $21 area. FUEL has a 52-week high of $71.89 and is currently showing a bottomed out chart. You do not need much digging to see that the stock has very strong bounce potential here. I went long at 17.27 with a stop at 16.34 and my initial target profit is at 20.

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Net Element International Inc (NASDAQ:NETE) The daily chart shows a breakout above the EMA50 with high volume. MACD, Slow Stochastic, and RSI suggest that the stock may face a short/medium term upward movement. On Thursday, IFS Securities reiterated its "strong buy" rating on stock with a price target of $5.50. Setting up for higher prices IMO.

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VirnetX Holding Corporation (NYSEMKT:VHC) made a momentum to break this symmetrical triangle the day before yesterday on decent volume, but got back into the triangle. By looking at the chart, looks like the MACD is heading to positive territory while the Slow Stochastic is moving up. These two technical indicators are biased to the upward breakout from the triangle. I still believe that the potential is there for further gains. On watch.

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DryShips Inc. (NASDAQ:DRYS) From a technical standpoint, the stock looks like it has broken this descending triangle to the upside which is drawn up by the white lines in the chart above. And the yesterday's breakout was with a strong volume compared to most of the days. The MACD indicator shows that it's heading to the positive territory with upward movement and the Slow Stochastic is moving upward with momentum. There may be some more upside up toward the 1.65-1.90 zone.

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Digital Ally, Inc. (NASDAQ:DGLY) has formed bullish divergences on daily and the market is starting to react. The buying signal is also confirmed by the Slow Stochastic. It will be interesting to see if next week the stock price can continue its upward momentum. The next resistance level to watch is at 13.02 (EMA50). Above this level could test 16.05 next.

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Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA) broke above the resistance level but failed to close above it. In my opinion, further rise is still possible and the next target would be at 6.88. Initial support is at 6.29, as long as this level holds we'd expect the uptrend to continue. Note: Chairman Berger bought on Thursday 25,000 shares at $6.15

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Zynga Inc (NASDAQ:ZNGA) I am a patient investor here. I really like this setup. The stock is bullishly flagging just below the 50-day EMA on low volume. The real fireworks should begin if price can close above $2.74. As long as the stock can remain above $2.64, I like the stock. The OBV line is starting to curl upward, which should eventually lead to price increases. That bodes well for a breakout imho. Keep in mind, last week Zynga was raised to "Buy" from "Hold" and the price target was set at $4.50 at Jefferies.

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Yahoo! Inc. (NASDAQ:YHOO) is working the overbought conditions. There is a need for some profit taking for some consolidation from these high levels.

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.

Thanks for visiting AC Investor Blog.

AC

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  • I'm a 38 year old Independent Trader using propriety 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.

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