( click to enlarge )United States Steel Corporation (NYSE:X) appears ready for a breakout above key resistance at 26.07 area. If breakout above the 100-day exponential moving average occurs, I expect to see the stock move toward the 27.5-28 area.
( click to enlarge )On my watch list for Wednesday. Viggle Inc (NASDAQ:VGGL) looks to have bottomed. The stock broke the $1.49 resistance level (20EMA) today on strong volume and could eventually rally up to test its 50-day EMA tomorrow. Looking at the technical daily chart the near-term outlook is very positive and a move to the 1.88-2 range appears likely. In addition, MACD indicates positive momentum, while RSI is also gaining strength. Let's keep an eye on her.
( click to enlarge )King Digital Entertainment PLC (NYSE:KING) looking strong. With almost 28% of the float short, the stock should continue to move higher, despite the fact that it has already enjoyed strong gains.
( click to enlarge )58 dot com Inc (NYSE:WUBA) hits a new 52 week high and held up very well when the nasdaq was tanking. It will likely have the attention of the swing-traders in the next days. I will wait for a pullback, if it comes.
( click to enlarge )Over the past eight weeks, shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) have been consolidating in a sideways range near its all-time high. This price action and has led to the formation of a large bull flag on its daily chart. The stock is likely to breakout to new highs in the coming sessions, so keep it in your radar screen.
( click to enlarge )ZIOPHARM Oncology Inc.(NASDAQ:ZIOP) Strong Bullish candle on high volume today. Looks like higher prices to come. The RSI also confirms the new uptrend and the stock trades comfortably above all EMAs. Next resistance is located at $11.98, while immediate support has moved up to $10.98.
( click to enlarge )GoPro Inc (NASDAQ:GPRO) is trading higher in post-market session following an after-hours upgrade from Piper Jaffray's Erinn Murphy. The analyst now rates GoPro shares as an Overweight, and set a $55 price target on the stock. Currently, shares are higher by 2%, trading around $45.3, they ended the regular session at $44.48. Following the investors reaction in the extended trading we should see a gap up tomorrow morning. It will be important to see if the stock will have legs to break and close above $46. A breakout above this level would constitute a technical entry for the short term trader looking for a quick trade.
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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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