+ 2.48
+ 0.75%
+ 3.20
+ 0.93%
+ 3.31
+ 0.8%
+ 0.23
+ 0.16%
+ 2.73
+ 1.63%

7 Stocks For Your Watchlist

January 12, 2016 4:23 pm
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More
( click to enlarge )

I've been looking at Chimerix Inc (NASDAQ: CMRX) for a possible breakout into the gap. From my point of view, there are solid and consistent buyers here. In other words, the money flow index indicator on the chart above shows the strength. Plus, the daily technical chart also shows that there are some signs of a possible bounce due to the oversold indicators and some positive divergences, which often leads to short covering. Let's see whether the stock can gather enough momentum to break through $9.72 in the coming sessions. The company management will participate in one investor conference next week at the J.P. Morgan 34th Annual Healthcare Conference taking place in San Francisco from January 11th – 15th 2016. This could be a good catalyst for a bounce. Stay tuned.

( click to enlarge )

On my swing long list. I think Silver Wheaton Corp. (NYSE: SLW) is about to breakout from this descending triangle pattern. On the technical charts, the stock currently is trading just above its 13 & 20EMAs with both lines providing an additional layer of support for stock. Additionally, the MACD made a bullish crossover last week. With good trading volume, the stock could be poised to trade higher to test its next level of resistence at 14.09. On watch.

( click to enlarge )

JP Energy Partners LP (NYSE: JPEP) Contrary to expectations, the stock price ruled strong and also moved closer to the resistance level of 5.12. Investors may remain invested with a stop-loss at 4.35 (on closing basis) as the stock appears to have the potential to break out. So far the daily technical chart is still showing buy signal with stock trading above 9 day and 13 day moving averages with MACD on top of signal line and RSI rising. On watch.

( click to enlarge )

Glu Mobile Inc. (NASDAQ: GLUU) After a "weak" open, the stock reversed course and closed higher to form a strong bullish engulfing candle on Friday. We should be watching for a follow-through day to confirm that a new uptrend is under way. There is short-term resistance looming at 2.52. A break above this level would expose the stock to next resistance level at 2.72. Stay tuned.

( click to enlarge )

Walter Investment Management Corp (NYSE: WAC) demonstrates bullish bias on daily technical charts supported by positive moves of momentum indicators. Let's see if it is able to muster enough interest next week from traders to break through and clear the 15.26 level. Watch out for volume at the breakout as it could be an early indicator of investors interest.

( click to enlarge )

Viacom, Inc. (NASDAQ: VIAB) Setting up a possible resistance breakout trade. Long over 41.86. There are several indications on daily technical chart which suggest a near-term bottom.

( click to enlarge )

NGL Energy Partners LP (NYSE: NGL) gave a pocket pivot buy point, rising in higher volume. From a technical standpoint, momentum indicators are beginning to turn bullish. Watch for a good follow through day next week.

Related Articles

Zika-Related Social Media Chatter Is Picking Up

Stocks To Play In A Zika Virus Pandemic

Paul Yook: Why I'm Optimistic About Biotechs

Shares Of Chimerix Higher By Nearly 6% After Point72 Stake Reveal