( click to enlarge )CombiMatrix Corp (NASDAQ:CBMX) is forming a symmetrical triangle formation on daily with resistance at 3.25. This has a potential target price of 4.70. From a technical standpoint, the MACD just crossed above signal and the ADX chart is showing some strength in this movement, giving the "bulls" the signal they wanted. Watching 3.25 area for a squeeze.
( click to enlarge )Arrowhead Research Corp (NASDAQ:ARWR) is flagging near resistance. Only a move above $27.63 could trigger a move higher.
( click to enlarge )Alcoa Inc (NYSE:AA) seems to be forming an ascending triangle on daily with resistance at 12.36.
( click to enlarge )Ventrus Biosciences Inc (NASDAQ:VTUS) is a stock that could head higher from Monday's close. It's in the process of bottoming and I expect a pop above $1.61 at some point in the coming days.
( click to enlarge )Himax Technologies, Inc. (NASDAQ:HIMX) broke out to new highs with a 10% gain. The uptrend is intact and signals further bullishness on this stock. Buyable on a pullback to the pivot.
( click to enlarge )I have AVEO Pharmaceuticals, Inc. (NASDAQ:AVEO) on my watchlist. It may be ready to break out of this consolidation. The technical chart looks very good. It's a potential breakout play. Momentum picking up with MACD climbing and CMF continues to trend higher. Breakout watch over 1.96
( click to enlarge )Merrimack Pharmaceuticals Inc (NASDAQ:MACK) broke a key resistance level at 5.87 pointing the way for further move up. Daily technical indicators such as MACD is confirming the upside movement and the volume was significantly higher today. Next resistance level to watch is $6.46
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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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