( click to enlarge )BlackBerry Ltd (NASDAQ:BBRY) showed relative strength today compared to rest of market, which is a very good sign. The daily technical chart shows new rally has begun as %K line has crossed on top of %D line and price broke through the major resistance of $7.50. This new rally should at least push the stock to $8 in nearest term.
( click to enlarge )Shares of Lion Biotechnologies Inc (NASDAQ:LBIO) continue to surge. The stock is strong and getting stronger every day it seems. If it can close above $7.50 tomorrow, then expect more upside. Present technical indicators are in favor of Bulls. Im long.
( click to enlarge )Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA) I do not like to speculate but it's clear that something will happen soon. After the morning sell-off, the stock has rebounded extremely well accompanied with huge volume, which make me think that there is something going on. Im still playing on the long side, holding my position and waiting for the possible deal.
( click to enlarge )Western Digital Corp (NASDAQ:WDC) is showing early signs of reversal. A high volume move through the 82.95 price level would be buyable. The MACD is showing a positive divergence and the RSI is back above the 50 reading forcing me to think the possibility of a trend reversal.
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
