Financial News
Stocks to Watch for October 13, 2014
October 11, 2014 at 15:37 PM EDT
( click to enlarge )Rubicon Technology, Inc. (NASDAQ:RBCN) ended Friday's trading session at 4.82, advancing 20% with the stock attracting 5.2 million shares. RBCN shows signs of bottoming out with the recent up move from its 5-year low. The stock has also moved back from oversold zone and closed above the 20-day EMA for the first time since July. Additionally, the MACD continues to show a positive divergence. On the up side, the stock is likely to test resistance at 6.80 in the coming weeks. Furthermore, there are some rumors on the floor that Rubicon could replace GT Advance Technologies as Apple's Sapphire supplier.
( click to enlarge )Hemispherx BioPharma, Inc (NYSEMKT:HEB) seems like trading within an uptrend channel as shown on the daily chart above. It shows possibility of new rally as the stock bounced up after dropping back to 100-day exponential moving average as both 50-day and 100-day exponential moving averages are both pointing up. The buy point would be when the price breaks $.35 on heavy volume. It's an Ebola play
( click to enlarge )Alpha Pro Tech, Ltd. (NYSEMKT:APT) stock rose sharply on Friday closing near all time highs on massive volume. At the present level the stock is incredibly extended. I'm very bullish on it, but in situations like this I prefer to wait for a pull back rather than chase the market. Technically the stock is still in a very strong bull market with MACD on top of signal line and 50-day exp moving average on top of 200-day exp moving average.
( click to enlarge )Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) A break and close above the 9-day EMA could add power to its rally for a potential gap fill over 2.05.
( click to enlarge )Lakeland Industries, Inc. (NASDAQ:LAKE) Bullish but a pullback would be nice. The stock needs to work the overbought conditions.
( click to enlarge )Tekmira Pharmaceuticals Corporation (NASDAQ:TKMR) I think higher, but still in wait and see mode. The technical momentum indicators are giving mix signals.
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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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