Technicians: Watch Finisar, VirnetX, GoPro, Glu Mobile & BlackBerry
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Finisar Corporation (NASDAQ: FNSR): Keep an eye on this one, potential gap fill candidate. If the stock price rises to break into the gap, then a strong move up is possible. Among oscillators, the MACD indicator and the relative strength index (RSI) are rising indicating strength in the current uptrend.
Key resistance is located at 20.99, a break above this level will confirm the new bullish trend and the following uptrend will take price up to 24.85 zone (closing gap).
VirnetX Holding Corporation (NYSE: VHC) had a great day, closing up 3 percent on no news. The stock is approaching a breakout point at the 6.16 level.
A move above this key resistance level would break the stock out of a small ascending triangle pattern that it has been in for the past two months.
GoPro Inc (NASDAQ: GPRO) finished the day up 12 percent on huge volume of over 15 million of shares exchanging hands on the day. Looking at the technical daily chart above this looks to be just the beginning of GoPro's run.
The stock appears to be under accumulation again; the MACD momentum is rising and the relative strength index is turning up. Next key resistance is now located around $54.
BlackBerry Ltd (NASDAQ: BBRY) had good relative strength compared to the market on Tuesday. Key resistance is located at $10.67, and a break above this level will confirm a new bullish trend.
The RSI is moving higher, which is a sign of growing strength.
Glu Mobile Inc. (NASDAQ: GLUU) broke out of a consolidation pattern on Tuesday. If shares can break the $5.55 area, bulls should be able to target a move to $6.
Hemispherx BioPharma, Inc (NYSE: HEB) also showed some strength. Nearest resistance is at 28c (200EMA). If this level is crossed and the stock price is able to sustain above this level, then it might go to 33c.
The technical indicators are looking Bullish. The MACD is above signal line and above 0 line, which is a bullish indicator.
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