( click to enlarge )Novavax, Inc. (NASDAQ:NVAX) broke downtrend line today on decent volume. Expect a move to the $1.70 area in the next days.
( click to enlarge )Very bullish action on xG Technology Inc (NASDAQ:XGTI) today. The stock made a very significant move in the last trading session closing above its EMA50, which could be signs of a bottom for the stock. Supporting this bullish bias are the daily technical indicators MACD, RSI and ADX all showing buy signal. A break above the 40c level tomorrow would have positive implications and could drive the stock up to 55c-59c in the short-term. Keep the stock on your radar.
( click to enlarge )Ardelyx Inc (NASDAQ:ARDX) looks to have consolidated and may be getting ready for another leg higher. Go long on a close above 16.25
( click to enlarge )Opexa Therapeutics Inc (NASDAQ:OPXA) has been in a three-week bullish flag formation off its sharp rebound rally in mid-November. A break of the flag pattern to the upside targets a move to the 1.40 to 1.49 area. The climbing MACD is supporting a bullis trend. I tweeted my long position at 82c today.
( click to enlarge )Netflix, Inc. (NASDAQ:NFLX) broke out of a small consolidation pattern on high volume and could eventually rally up to test its recent high. The trend indicator MACD has triggered a fresh buy signal as it curved upward and crossed above its signal line. Long setup.
( click to enlarge )ContraVir Pharmaceuticals Inc (NASDAQ:CTRV) I will keep my long position intact. On the technical side, the stock has been pulling back on very low volume. Money flow has been very solid over the past days and the accumulation/distribution continues to be bullish, we just might be on our way to higher prices. I expect that the next rebound will push price up to $2.35.
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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
