( click to enlarge )Twitter Inc (NYSE:TWTR) surged almost 5% today on solid volume. The stock faces a key resistance around 39.5/39.75 which needs to be breached for a rally to $42 levels. Only a break of this zone will decide the stock’s next medium-term trend. The technical indicators such as MACD and RSI on the daily chart are displaying positive divergences, implying a possible trend reversal.
( click to enlarge )Unilife Corp (NASDAQ:UNIS) surged almost 7% on relative high volume. This rally has strengthened the short-term uptrend of stock that has been in place from the mid-December. The technical indicators in the daily chart feature in the bullish zone, showing strong optimism. The stock looks poised to test and possibly exceed the recent high.
( click to enlarge )OXiGENE Inc (NASDAQ:OXGN) advanced nearly 2% today with above average volume after Sabby Management reported an 9.99% stake, reinforcing its short-term bullish momentum. Looking at the technical chart, the RSI has re-entered into the bullish zone and MACD is moving higher in line with the price, implying upward momentum. Above 1.80 look for further upside with 2.15 & 2.27 as targets.
( click to enlarge )Skyworks Solutions Inc (NASDAQ:SWKS) Worth eyeing. Poised to breakout to new highs.
( click to enlarge )Baytex Energy Corp (NYSE:BTE) is basing for a move higher. Last session, the stock jumped 3.31 per cent accompanied with good volume, closing slightly below the key pivot point at the 14.89 level. A strong break above this level will be bullish and can push it higher to 16.5 levels.
( click to enlarge )Facebook Inc (NASDAQ:FB) shares bounded up about 2.7 percent with good volume from key base level. It's seen from the daily chart that the stock has been in a medium-term uptrend from its October 2014 low of 70.32. Tomorrow, i expect this up move to prolong and reach my price target of 80 or 82 in the sessions ahead. My stop loss is located at 75.26, just below the trend line.
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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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