( click to enlarge )A truly remarkable day for Chesapeake Energy Corporation (NYSE:CHK) shares. The stock surged 3.84 percent or 56c to $15.15 per share, spurring bullish options trading. I think that shares have room for a significant uptick beyond current levels. From a technical standpoint the price broke out of a bottom / accumulation pattern with all indicators pointing up. Next major resistance lies at 16.33
( click to enlarge )Pacific Ethanol Inc (NASDAQ:PEIX) showed buying strength all day. The stock price is on the verge of breaking out and it could happen very soon. The volume dramatically increased as the stock ran to near its major resistance, showing me there are buyers watching closely the stock. Price has now crossed the 100-day EMA to the upside and the RSI is also moving up. Keep your eyes on PEIX this week.
( click to enlarge )Barracuda Networks Inc (NYSE:CUDA) Daily chart looks Bullish. Keep an eye for a possible breakout over $40.71 on volume.
( click to enlarge )Cenovus Energy Inc (TSE:CVE) looks pretty good on the daily with volume expanding as it moves higher. Good long setup, if it takes out the 17.8-17.9 zone on volume.
( click to enlarge )Dril-Quip, Inc. (NYSE:DRQ) is basing just under the $70 level. Watch to buy on a break above this major resistance level.
( click to enlarge )FMC Technologies, Inc. (NYSE:FTI) is another potential bottom play, that might bring some good scalping opportunities to the $41 level. Watching the 38.6 area.
( click to enlarge )Twitter Inc (NYSE:TWTR) is still flagging near resistance. Only a move above 51.87 could trigger a sharp move higher.
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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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AC
