Microvision, Inc. (NASDAQ: MVIS) finally broke up through a massive falling wedge formation on Friday accompanied by a strong volume expansion. Measuring the target of this falling wedge gives the possible target of about $1.37 from the trendline break, which means 3.09 as the main goal. The buy signal is strong and confirmed. Technicals have turned bullish signaling sideways to higher prices. The MACD is at the negative zone approaching to the zero level and the RSI continues to look healthy in bullish territory, well above the 50 line. Additionally, one insider bought 30.000 shares at an average price of $1.66 this month. All of this suggests a continued upward movement.
Best Buy Co Inc (NYSE: BBY) has been basing since February, making higher lows and appears ready to break out to the upside. A break and close above $28 with power could open the door for higher prices.Let's keep an eye on it.
Very bullish action on VirnetX Holding Corporation (NYSEMKT:VHC) last week. The stock made a very significant move on Friday, closing above its 50-day EMA which could be signs of a bottom here for the stock. Another good element is the volume which recently received two spikes showing some heavy buying. Other supporting technical indicators are MACD, RSI and ADX, all showing buy signal.
ISISPharmaceuticals, Inc. (NASDAQ: ISIS) Although the stock price did not perform well this year, we start to see now some signals of rebound as the technical chart shows positive momentum is back. Nearest resistance for the stock is at $28.08. If this level is crossed and the stock is able to sustain above this level, then it might go to $32.
American International Group Inc (NYSE: AIG) could breakout again at any moment. Next buy when clears 54.03 on heavy volume.
Hertz Global Holdings, Inc. (NYSE: HTZ) is a potential breakout candidatenext week. The technical indicators are looking Bullish with MACD indicator rising above its sell signal line and the RSI indicator moving up from the 50% level. Breakout watch over 29.81
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