Market Overview

6 Charts Costa Is Watching

Related ARNA
Benzinga's Daily Biotech Pulse: AstraZeneca's Q1, Novartis-Amgen Migraine Drug Approved
Benzinga's Daily Biotech Pulse: Transenterix Rises, Mylan Earnings, Deutsche Bank Conference Underway
Arena Pharmaceuticals (ARNA) Presents At 2018 UBS Global Healthcare Conference - Slideshow (Seeking Alpha)
Related CLVS
Benzinga's Daily Biotech Pulse: Transenterix Rises, Mylan Earnings, Deutsche Bank Conference Underway
Benzinga's Daily Biotech Pulse: Valeant Earnings, Lipocine's FDA Watch, Invivo CFO Departure
Reader Inquiry: Has Tesaro Finally Found A Bottom? (Seeking Alpha)
( click to enlarge )

Shares of Sunedison Inc (NYSE: SUNE) had a nice surge a few days ago and has been consolidating that move since then. The major resistance resides around the 6.88 price region. Only a close above this level would suggest further upside targeting the 7.50/8 area.
( click to enlarge )

Clovis Oncology Inc (NASDAQ: CLVS) Price should become explosive if this chart pattern is broken to the upside with volume. From a technical standpoint, the stock has an up trending MACD, indicating potential accumulation and an up-trending RSI at 33 indicating room for potential further gains. CLVS needs to be at the top of your watch list.
( click to enlarge )

Nivalis Therapeutics Inc (NASDAQ: NVLS) might attempt to breakout above the $9.11 level again and if it succeed we should expect a strong move to the upside. On watch.
( click to enlarge )

Arena Pharmaceuticals, Inc. (NASDAQ: ARNA) remains high on my radar due to the recent run up on heavy volume. I plan to buy the stock on a break and close above $2.10 and add more on a break above $2.25. On watch.
( click to enlarge )

Syngenta AG (NYSE: SYT) has recently been trading with increased volume and is about to test again the major resistance around the 79.50 level. The stock needs to close above this level to indicate a continuation of the rally and the following uptrend will take price up to $86 zone.
( click to enlarge )

Great Basin Scientific Inc (NASDAQ: GBSN) heavy volume at the bottom (around $2 level). Players are betting on a significant bounce here. The positive divergences are also evident on the hourly chart and should lead to an upward bounce. On watch. PS: This is a high risk stock.

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.

This was originally posted at AC Investor Blog

The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

Posted-In: Long Ideas Short Ideas Technicals Trading Ideas


Related Articles (ARNA + CLVS)

View Comments and Join the Discussion!