6 chart setups for Tuesday, December 22, 2015

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Shares of Sunedison Inc (NYSE:SUNE) had a nice surge a few days ago and has been consolidating that move since then. The major resistance resides around the 6.88 price region. Only a close above this level would suggest further upside targeting the 7.50/8 area.

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Clovis Oncology Inc (NASDAQ:CLVS) Price should become explosive if this chart pattern is broken to the upside with volume. From a technical standpoint, the stock has an up trending MACD, indicating potential accumulation and an up-trending RSI at 33 indicating room for potential further gains. CLVS needs to be at the top of your watch list.

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Nivalis Therapeutics Inc (NASDAQ:NVLS) might attempt to breakout above the $9.11 level again and if it succeed we should expect a strong move to the upside. On watch.

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Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) remains high on my radar due to the recent run up on heavy volume. I plan to buy the stock on a break and close above $2.10 and add more on a break above $2.25. On watch.

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Syngenta AG (NYSE:SYT) has recently been trading with increased volume and is about to test again the major resistance around the 79.50 level. The stock needs to close above this level to indicate a continuation of the rally and the following uptrend will take price up to $86 zone.

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Great Basin Scientific Inc (NASDAQ:GBSN) heavy volume at the bottom (around $2 level). Players are betting on a significant bounce here. The positive divergences are also evident on the hourly chart and should lead to an upward bounce. On watch. PS: This is a high risk stock.

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
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