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Showing posts from February, 2018

Stocks to keep an eye on Monday, 26 of February 2018

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( click to enlarge ) BlackBerry Ltd (NYSE:BB) surged 64 cents, or 5.37% Friday on higher-than-average volume and finished the day at its highest close in more than three weeks. The stock closed at 12,55, substantially above key resistance at 12,14 (50-day exponential moving average), confirming the breakout. Yesterday's close was also near the high of the day, another good sign and indication of possible continuation of current momentum. The technical daily chart is still showing the same trend as stock. MACD has crossed back above the signal line and the stock is still on top of 50-day and 200-day exponential moving averages. Based on the chart above, if you are short, you are on the wrong side of the trend. Plus, unusual call options activity was also detected. I'm looking for a move towards the 13.20 area in the next couple of days. ( click to enlarge ) NII Holdings, Inc. (NASDAQ:NIHD) Closed the week above the declining 200-day exponential moving average for the first time...

Momentum Stocks to Watch Next Week

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( click to enlarge ) United States Steel Corporation (NYSE:X), which has been building momentum since mid-November, broke out of its bullish consolidation on Friday after the U.S. Commerce Department recommended tariffs on steel from other countries. If it breaks Friday's high of the day in the 45.44 area and closed above it next week, the stock could retest the 2011 highs in the 55-60 area within the next couple of weeks. ( click to enlarge ) AK Steel Holding Corporation (NYSE:AKS) Another steel name with a good looking chart. The stock broke decisively above its 200-day EMA on Friday and we could see further upside. From here we can expect a run to the 6.8 area and from there we could see an explosive upsurge to $8 and better. Daily technical indicators are turning up. Hold with a stop at the level of the 20-day EMA. Add more on a convincing break out above the 6.8 level. Long setup on watch. ( click to enlarge ) Apple Inc. (NASDAQ:AAPL) burned a lot of shorts last week and i ha...

Small cap stocks start waking Up - Potential Bottom In Place

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( click to enlarge ) Iconix Brand Group Inc (NASDAQ:ICON) saw its shares surged almost 39% to $1.73 per share yesterday after the company announced a debt exchange and a new deal with Target. Its daily technical chart show some bullish signals as KD is now going up and the stock breaks above the EMA50 for the first time since October 2017. Traders should maintain a bullish bias and watch for some consolidation over the short-term. As long as the stock stays above the EMA50 on a closing basis, remain on the long side. ( click to enlarge ) Net Element International Inc (NASDAQ:NETE) stock price has been flagging in recent days below its major EMAs. This is getting setup for a big move. If the buying continues this stock could easily see $8.43 or better by weeks end. With such a low float and high short interest, we could get an explosive move higher. MACD indicator is also curling, a very bullish signal. Keep it on your radar. ( click to enlarge ) Clean Diesel Technologies, Inc. (NASDAQ...

Potential bounce next week ? Some great setups to watch

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( click to enlarge ) Apple Inc. (NASDAQ:AAPL) printed an impressive bullish reversal candle on the daily chart yesterday after a decent rally into the close, but bulls failed to close above the 200-day EMA. If the stock can break Friday's high, I think we will rally back to the $165 level. ( click to enlarge ) BlackBerry Ltd (NYSE:BB) bounced sharply up again from its major support zone (uptrend line) on the daily time frame. The support zone mentioned above has shown that there was a buying pressure, which has pushed the price higher and once again the stock closed above the rising 100-day EMA. The recent history of this stock suggests that investors can reasonably look for a rally to new highs if the price regains the 100-day EMA and holds above it (yellow arrows). Plus, momentum indicators are curling up and the RSI will likely cross higher over the next few days. Will watch the stock closely next week. ( click to enlarge ) Alphabet Inc (NASDAQ:GOOG) also bounced strongly from i...

Setups and trade ideas for next Week

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( click to enlarge ) Twitter Inc (NYSE:TWTR) Although the stock market conditions can change any trend quickly, if the breakout area mentioned on the chart holds next week on a close basis, Friday's pullback could be identified as a profit-taking day. Technically the bulls are not done yet. ( click to enlarge ) Riot Blockchain Inc (NASDAQ:RIOT) has seen a massive drop in share price since December highs. Stocks with such a big fall generally at least have a bounce. The rising 200-day EMA, along with the RSI entering the oversold region could support a short-covering bounce over the near-term. Sure it could drop more, but the stock could also rally hard to $20 or better. The high short interest could fuel a rally on short covering. ( click to enlarge ) Proteostasis Therapeutics Inc (NASDAQ:PTI) the daily chart is what has my interest. Such a dramatic fall in just 2 days on no news from the company, will almost certainly at some point see a nice bounce. When it does bounce it should ...