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Continental Resources, Inc. CLR has been in a bullish consolidation over the last four sessions and appears ready for another breakout. Keep on watch.
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Boston Scientific Corporation BSX good relative strength compared to the market today. Looks ready for higher prices, buying on volume and bullish engulfing candle. Stop 11.09 (50EMA)
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Herbalife Ltd. HLF looks good, holding the break out zone. Only a close below this key support level will result in a short term reversal.
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Rambus Inc. RMBS continues to sit in a consolidation range. At some point, the stock will breakout and I want to be there for this move. The major resistance stays at $9.50. Fresh long should be made only when the stock closes above this level with an up candle on volume. The technical chart shows very positive sign as the stock is now trading above 50-day EMA and MACD back again above 0. This momentum could push this stock much higher from here, so keep it on the radar this week.
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Cardium Therapeutics Inc CXM is a low volume small cap that may be poised to move higher. This was a $2 stock in May and at $1.09, in my honest opinion, there is a compelling risk / reward scenario. Look at the two big volume days, that's serious accumulation. CXM is starting to impress and should be one to watch going forward.
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Arca Biopharma Inc ABIO finally broke higher on heavy volume. Looking good.
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
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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