( click to enlarge )Twitter Inc (NYSE:TWTR) After drifting for weeks the price finally broke out of a consolidation today accompanied by high volume. Today’s high was $51.79, which is resistance for the follow through move. If the stock can break through this level tomorrow, expect to see heavy volume drive the stock higher.
( click to enlarge )Silver Spring Networks Inc (NYSE:SSNI) broke out of a flag formation on higher volume today. This will lead to a price target of 12.5-12.63. Key indicators on daily charts suggest continuation of positive bias and the stock price is likely to show further up side.
( click to enlarge )SolarCity Corp (NASDAQ:SCTY) had a very productive day as we saw gains of over 3.4% and I believe it has more room to run. The short-term outlook remains positive and the stock has finally got a bullish macd cross.
( click to enlarge )Shares of Oasis Petroleum Inc. (NYSE:OAS) rebounded on heavy volume today. Gonna have to watch it carefully on Wednesday to see if we have hit bottom and should grab some for the ride back up.
( click to enlarge )VirnetX Holding Corporation (NYSEMKT:VHC) Put a nice reversal candle today and closed back above the 50-day EMA. The momentum indicators are attempting to turn up from oversold levels. Will watch tomorrow for continuation.
( click to enlarge )CytRx Corporation (NASDAQ:CYTR) showed some nice strength today, despite weak market. Price broke through resistance at $3.44 accompanied with high volume. The stock hit a high of $3.56, which is now resistance for Wednesday’s continuation move. If the stock can break through resistance, we should see another strong upside move. CYTR will move very quickly, so watch the stock closely tomorrow.
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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
