( click to enlarge )I hope everyone is enjoying a great weekend with family and friends. I am sure you are eagerly awaiting the market’s open Monday and getting ready to start the week with a profitable trading session. Today, i will start with a stock that im followiwg closely.
Ampliphi Biosciences Corp (NYSEMKT:APHB) is a bounce play set for a big breakout. Technically, it has been forming a cup and handle bottom since May and is flirting with key resistance at 1.10 level. The stock is beginning to see strong accumulation this month and something has to give. It appears to have very little resistance pass $1.10 and if strong momentum comes next week we could see a possible big breakout.
( click to enlarge )Shares of TearLab Corporation (NASDAQ: TEAR) skyrocketed 89% on Friday to $3.34 after receiving European regulatory clearance for next-generation Tearlab Discovery System. Looking at the technical daily chart above we can see that next major resistance is now located at $4.02, which reflects its 200-day EMA. I have covered this stock on many occasions on the blog as a potential big bounce play. Finally, I was rewarded.
( click to enlarge )Monro Muffler Brake Inc (NASDAQ:MNRO) is bullish with a lot of daily technical indicators showing up. The slope of the recent upward move is steep accompanied by increasing volume. This momentum could push this stock much higher from here, so keep the stock on your radar next week. The stock is now testing the next resistance area around its 100-day EMA, wait for it to clear on heavy volume and go long.
( click to enlarge )Sarepta Therapeutics Inc (NASDAQ:SRPT) I will be watching this stock closely again next week for a new technical breakout.
( click to enlarge )TherapeuticsMD Inc (NYSEMKT:TXMD) has a very interesting daily technical chart and could have a move soon. The break of the next key resistance area around the 5.80 level with heavy volume should be the next buy point.
( click to enlarge )Eyegate Pharmaceuticals Inc (NASDAQ:EYEG) was added to my watchlist as a possible bottom bounce-play. The chart is displaying positive divergences on momentum indicators and with the stock in oversold territory, these are the perfect conditions for a short-term rally. Squeeze over 1.47
( click to enlarge )Plug Power Inc (NASDAQ:PLUG) broke out on Friday and closed above the key resistance area of 2.40 for the first time in weeks. Friday’s high reflects resistance for next upside move. If the stock can break through resistance, we should test April highs as traders buy up the stock. On watch.
If you want to contact me for advertising opportunities on blog or twitter, then get in touch via email
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.
Thanks for visiting AC Investor Blog.
AC
