( click to enlarge )Tesoro Corporation (NYSE:TSO) is in a bullish pennant pattern just above the 56 area after a steep rise from the 40 level in October. A break above 59.57 could move the stock towards levels not seen since May 2013, when the stock price was near 65. Keep the stock on watch if it crosses the resistance line.
( click to enlarge )Facebook Inc (NASDAQ:FB) has been flagging in recent sessions after a 5% spike on Monday. Technical Indicators are showing bullish signals supported by rising MACD and RSI on the daily charts. Daily EMAs are also rising with the stock price trading above them. Breakout watch above 58.96.
( click to enlarge )Dynavax Technologies Corporation (NASDAQ:DVAX) Setting up to take out this major resistance area to the upside. If the stock price breaks that level on high volume, one can go long with a tight stop at 1.78.
( click to enlarge )Oncolytics Biotech, Inc. (NASDAQ:ONCY) looks to have bottomed out. Today volume surged past 1 Million shares and mostly on the buy side. I think we could see a nice bounce here, at least a 20-30% bounce in my opinion. On the technical daily chart, MACD shows a positive divergence and it's in a buy mode. The Momentum Indicator RSI is also supporting the bullish view.
( click to enlarge )Synergy Pharmaceuticals Inc (NASDAQ:SGYP) has moved up nicely over the past four sessions and is once again near the highs. If the stock can break over 5.82 it would be a buy. On watch.
( click to enlarge )Achillion Pharmaceuticals, Inc. (NASDAQ:ACHN) is in breakout mode. There is a Big gap to fill above. Keeping an eye on 3.99/4.07 area with volume.
( click to enlarge )NQ Mobile Inc (ADR) (NYSE:NQ) are starting to heat up again and are worth watching next week. If volume can pick up, I think this stock price can break through resistance at $15.36 and re-test its recent highs around 16.3
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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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AC
