( click to enlarge )Altera Corporation (NASDAQ:ALTR) closed up on Thursday at $42.25 and it appears ready to make another big run. First possible target price for this stock is at $44.05 and have to see from there. The rumor of a takeover of Altera by Intel starts over again.
( click to enlarge )VAALCO Energy, Inc. (NYSE:EGY) may be forming a bottom after being in a downtrend for weeks. Nice break out today with a volume increase. If this technical daily chart does what is supposed to do, it will be going higher in the days to come, plenty of room to upside. From a technical standpoint, the stock is now in a short-term Bull Market with share price above 9 & 13 daily exponential moving averages. Let's see if tomorrow the stock will confirm the breakout. Initial target 2.94
( click to enlarge )In line with my anticipation, Hemispherx BioPharma, Inc (NYSEMKT:HEB) confirmed today the reversal when it broke above the $.26 level. The daily technical chart is bullish with a lot of hot indicators showing up. The slope of the recent upward move is very steep accompanied by increasing volume. This momentum could push this stock much higher from here, so keep it on the radar. In addition, the top executives such as CEO and CFO are bullish of the company this year as they have purchased total of almost 600,000 shares in April, which is an unusual insider activity.
( click to enlarge )Volume was good today and the trading action was encouraging. Traders bought the dip several times near the $4.25 level. Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) is starting to turn back up and technical indicators are giving the first bullish signs. The Stochastic Oscillator is registering a bullish signal as the %K has crossed above the %D and the RSI indicator is rising slowly but has not reached the 50% level. The stock has the following important levels. Resistance at $4.52 and support at $4.67
( click to enlarge )Moody's has changed today Alcoa Inc.'s outlook to positive from stable. I believe that shares of Alcoa Inc (NYSE:AA) have room for a significant uptick beyond these levels. The stock is setting up to move higher and could break the $13.82 mark and its 50-day exponential moving average very soon, something that could attract more traders to jump in and push shares even higher.
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
