( click to enlarge )Medivation Inc (NASDAQ:MDVN) looks strong enough to move forward. The stock broke up through the resistance at $42.75 (Declining 200EMA) on huge volume of over 16 Million shares. At this stage, further rally is still possible in next several days. The breakout signals a continuation of the prior advance. Bulls have the near-term technical advantage and gained fresh upside momentum today. Next resistance levels to watch are $48.8 and $52. The stock has the potential for a strong follow through, so watch it closely on Friday.
( click to enlarge )Bank of America Corp (NYSE:BAC) had a bit of indecision on today's trading session and may be moving lower tomorrow. It's too early to say but the daily technical chart is displaying some bearish divergences on both the MACD and Slow Sto indicating that this stock could reverse course. The short-term uptrend line should be used as stop-loss.
( click to enlarge )I'm still watching shares of PTC Therapeutics, Inc. (NASDAQ:PTCT) due to the recent price action, volume, and momentum. Despite the general market's weakness, the stock made an impressive turnaround and rallied almost 6% to close the day at $6.44. If the stock closes above $6.70, you could see a big turnaround in this stock.
( click to enlarge )Infoblox Inc (NYSE:BLOX) remains high on my radar due to the recent run up on volume. The technical chart is still showing buy signal with stock trading above 20,50,100-day exp moving averages and MACD on top of 0. Keep an eye for a possible breakout over $17.30.
( click to enlarge )Commscope Holding Company Inc (NASDAQ:COMM) The daily technical indicators are displaying good signs. Watching for a breakout soon.
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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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