( click to enlarge )The daily technical chart of Second Sight Medical Products Inc (NASDAQ:EYES) suggests that the stock could be on the verge of breaking out from a three-month Cup with Handle formation. This is a bullish pattern and once price breaks out of the neckline, it would give a target of around $20. Technically speaking, the stock is showing some strength along with the momentum. Adding to my conviction is that the stock continues to trade above all the exp moving averages and specially the ever critical 200-EMA which is now located at 12.92. Long setup on watch.
( click to enlarge )Boingo Wireless Inc (NASDAQ:WIFI) had a nice surge a few weeks ago and has been in the process of consolidating. Breakout over $9.20 for a daytrade.
( click to enlarge )Ocwen Financial Corp (NYSE:OCN) I am still convinced that a big breakout is coming sooner or later and the move will be powerful if it breaks out upwards, due to the high short interest.
( click to enlarge )Voltari Corp (NASDAQ:VLTC) Ready for a big move. MACD indicator began showing signs of reversal, and a break above resistance at 7.50 would open the door for a rally to test the recent highs.
( click to enlarge )ITT Educational Services, Inc. (NYSE:ESI) Good for swing trade. After Friday’s pocket pivot move up through the 50-day EMA, the stock continues to hold this key support line, that opens the door to an eventual retest of the 6.3-6.60 area.
( click to enlarge )Lumber Liquidators Holdings Inc (NYSE:LL) appears to be poised for a nice bounce off this bottom. The rising MACD may be an early sign of trend reversal. The company has been making headlines lately with some major announcements. 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
