( click to enlarge )Second Sight Medical Products Inc (NASDAQ:EYES) broke out of a base formation today on high volume. Technical indicators are beginning to turn bullish. The MACD has crossed above its signal line and RSI has climbed up from its oversold zone to the 37% level. I believe it is ready to post a nice bounce and I do not see any resistance on the daily technical chart until $8.75. A stop loss should be placed below 5.75
( click to enlarge )Sonus Networks, Inc. (NASDAQ:SONS) has been in a bullish consolidation over the last two weeks and is inching closer and closer to a breakout above resistance. A move above 6.58 would indicate a break out of the bullish flag, with the potential to reach 7.41 (100EMA) and then 8.20. Technical indicators are looking bullish. The MACD is rising above its signal line and the RSI bounced up again from its 50% level. Keep it on your radar screen because the technical chart looks bullish to me and on the verge of a breakout.
( click to enlarge )BlackBerry Ltd (NASDAQ:BBRY) stock is flagging nicely after a sharp several-day rally that took it up from the $6 level to 7.45 and looks poised to potentially make another move higher. Technical indicators are looking bullish. The MACD is rising above its signal line and about to enter positive territory. The RSI is above its 50% level and MFI is rising. January $12 calls have been active today.
( click to enlarge )Orexigen Therapeutics, Inc. (NASDAQ:OREX) has been trading with a consistent rise of interest this month and the CMF indicator has been getting stronger by the day. It shows rising buying pressure during the last 2 weeks. OREX's 2.35 level looks to be the new solid base setup and looks poised to move higher soon.
( click to enlarge )C&J Energy Services, Ltd. (NYSE:CJES) is coming up to a possible breakout. Watching for it to break above $5.47
( click to enlarge )Sunedison Inc (NYSE:SUNE) had a bullish day today, closing with a gain of 37 cents to $9.28. The stock price is still in a short period of consolidation and the bias remains bullish in short-term testing 9.82-10.07 resistance area. On watch.
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
