7 Stocks To Watch On April 1

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King Digital Entertainment PLC KING is a stock worth watching in the gaming sector. In a research note published in the mid of this month, JPMorgan reiterated an overweight rating and set a $20 price target on shares, citing that the company will experience a significant growth this year with a strong outlook on the Candy franchise and potential game launches.

Additionally, analyst Doug Anmuth raised the 2015 EPS estimate from $1.99 to $2.03.

From a technical standpoint, there's a potential Inverted Head and Shoulders pattern on daily. The stock closed above the $16 level on Tuesday on high volume and is registering a strong Bullish signal on MACD.

Let's see whether the price can gather enough momentum to break through the neckline at $16.52. If the Bulls are able to push through this level, there will be another rally towards $17.

The target of this possible inverted head and shoulder pattern is around $21.

 

Rosetta Genomics Ltd. ROSG had a nice surge a few weeks ago and has been in a correction mode. The stock is displaying upside momentum again; nearest resistance for the stock is at $3.25 (200EMA).

Short-term technical indicators are improving and MACD is about to trigger a buy signal while RSI is neutral at 49.

Shares of PhotoMedex Inc PHMD soared Tuesday on good news -- the US Federal Court dismissed its suit against the company. The stock closed again above the $2 level on decent volume, a buy signal and an indication that the price may have finally reached its bottom. Next resistance level is $2.58 (100-day EMA).

Genetic Technologies Limited GENE: There's a good pattern and accumulation here, but traders need to see further upside confirmation before becoming bullish.

Second Sight Medical Products Inc EYES is another stock to watch closely. It can pop big time on any positive news. The technical daily chart is showing a possible falling wedge pattern.

In addition, %K line has just crossed on top over %D line showing a buy signal as ROC is at oversold level, while the MACD Histogram is also showing positive divergences.

This is a bullish pattern that requires confirmation with an upside breakout.

Ambarella Inc AMBA made a new 52-week high this week, hitting $77.39, before closing the day at $75.71. It's worth watching the stock price tomorrow.

Lumber Liquidators Holdings Inc LL is recovering quickly from its recent bottom with the MACD moving upwards.

The stock looks like it wants to breakout of this small range, but has not been able to gain the needed momentum.

 
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