( click to enlarge )CombiMatrix Corp (NASDAQ:CBMX) Put this stock at the top of your radar screen tomorrow. The stock broke out today above its key resistance at $5.60 trading as high as $5.85 and then closing back at $5.80. A break through today's high could lead this stock to 6.5-6.62 short-term. RSI and MACD returned to the Bullish area, the ADX is starting to rise again. Based on this, I believe that this low-float stock could easily reach $6.5 this week.
( click to enlarge )xG Technology Inc (NASDAQ:XGTI) is part of my portfolio and I intend to stay with it. Honestly and based on this technical daily chart, i think we are on the verge of a possible range breakout in the shares of XGTI. The breakout could happen any day. The chart above shows very bullish sign as the stock is on top of short/medium-term EMAs with 20-day EMA on top of 50-day EMA. In addition, ADX remains bullish while MACD is gaining momentum and is starting to signal the beginning of a trending change. The Relative Strength Index (RSI) is also moving higher, which is a sign of growing strength in the stock. Still holding my long position. If it breaks the trading range, $2.5 is the first target.
( click to enlarge )Novavax, Inc. (NASDAQ:NVAX) Still holding long position. Chart is showing a bull flag formation, which is a bullish continuation pattern. Look for break and close above $1.22 to enter longs.
( click to enlarge )Abbott Laboratories (NYSE:ABT) may be setting up to make new highs. Next buy area is when the stock clears 49.32 on heavy volume.
( click to enlarge )Daily MACD generated a buy signal, so keep an eye on Nokia Oyj (ADR) (NYSE:NOK) for a possible breakout over $6.38
( click to enlarge )BlackBerry Ltd (NASDAQ:BBRY) has been basing around its 50EMA in the last trading sessions but indicators are starting to put in positive divergences. I see stock on verge of breaking up out of this compression.
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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
