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Stocks To Watch For June 26, 2014

by
June 26, 2014 8:12 am
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Amarin Corporation plc (ADR) (NASDAQ: AMRN) has a resistance line just above the 1.70 area which it is approaching, having gained 6 cents, or more than 4% today to 1.68. If the stock crosses this key resistance zone, it has potential to gain 5-10% imho. The technical chart looks bullish as the stock is trading above all major short-term EMAs. Heavy volume on up days. Worth watching for a breakout.

BlackBerry Ltd (NASDAQ: BBRY) stock closed up 14 cents to 9.98 on Wednesday. A move above 10.14 would confirm the breakout and could lead to 10.90 initially and then 12.12 my secondary target. Stop loss should be placed at 8.98

WidePoint Corporation (NYSEMKT:WYY) after a steep upmove from 75c in mid-November to over 1.90 in late Januray, the stock has been consolidating in a triangle pattern (possible large bull flag). The stock price is currently hugging the upper trendline of the pattern and if it breaks above 1.72, it could reach an initial target of 1.95.

Facebook Inc (NASDAQ: FB) jumped up by 2.62% and closed at $67.44 with higher volume. Upside volume has been good lately and there are two levels to watch for a breakout: $70 and $72.59. The technical indicators are improving with increased accumulation. Keep this stock on your radar. Stop loss 62.8

Green Dot Corporation (NYSE: GDOT) had a remarkable move up today with very high volume. Looks good over $20.22 with volume. The short-term uptrend is intact and signals further bullishness on this stock.

 

Onconova Therapeutics Inc (NASDAQ: ONTX) is consolidating near the resistance level $5.2 on low volume since the move up. It would be very attractive as a long candidate if it holds its ground here and then turns higher. I'm long on ONTX and I will add more shares on a move above $5.20, with the expectation of a continued rise to $7. Some top executives have been acquiring shares this year, showing the management is bullish of the company's outlook.

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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.


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