Financial News
Stocks to keep an eye on Friday, January 05
January 04, 2018 at 17:17 PM EST
( click to enlarge )Chinanet Online Holdings Inc (NASDAQ:CNET) saw its shares surged almost 780% to $9.56 per share today after announced a strategic partnership with Wuxi Jingtum Network Technology and the expansion into the blockchain industry and its related technology. Looking at this monthly chart, the stock has a strong resistance around the $13 level. We can expect to see a huge volatility in the stock, so play with tight stops.
( click to enlarge )Izea Inc (NASDAQ:IZEA) another low float stock that could be in the early stages of a technical breakout. If the stock can break through 5.6 level, expect to see heavy volume drive the stock higher. Next resistance lies around the $7 area
( click to enlarge )Zix Corporation (NASDAQ:ZIXI) Volume starts to pick up. Could make a nice move to the upside. A break of $4.65 with force might give the stock room to $5.20
( click to enlarge )China Information Technology, Inc. (NASDAQ:CNIT) had a nice breakout with a pop of 45c to $2.02 or 29% on 3M shares, the biggest volume in a couple weeks. The heavy buying makes this an interesting situation and one worth watching on Friday.
( click to enlarge )xG Technology Inc (NASDAQ:XGTI) is screaming for a strong rally opportunity and I think we can see some nice moves very soon. Keep on watch.
( click to enlarge )Very bullish action on Xunlei Ltd (NASDAQ:XNET) this week. The stock firmed around 14-15.1 and then broke out with two days of high volume. Looks good for higher prices. Use the rising EMA9 as stop for long positions.
( click to enlarge )Myomo Inc (NYSEAMERICAN:MYO) shares may be in a consolidation phase following a nice trend. Looks like it will move up again. Keep an eye for a possible breakout over $4.04
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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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