Financial News
My Watchlist for Thursday, February 02
February 01, 2017 at 17:26 PM EST
( click to enlarge )Infinera Corp. (NASDAQ:INFN) Potential breakout play. Watching over 9.16 with resistance at 9.62
( click to enlarge )Infinity Pharmaceuticals Inc. (NASDAQ:INFI) broke out of a bullish flag pattern, resuming its up trend by closing above the previous peak. A break above 2.64 could accelerate the stock higher.
( click to enlarge )Nivalis Therapeutics Inc (NASDAQ:NVLS) is finally stepping up after basing for the past 6 weeks. The price broke and closed above the declining 20-day EMA for the first time since November. If this daily technical chart does what is supposed to do, the price will be going higher in the days to come, plenty of room to upside.
( click to enlarge )EnteroMedics Inc (NASDAQ:ETRM) seems to be a promising stock to follow tomorrow. The stock had a large spread and large volume today successfully breaking above its short-term EMAs. If it can get back over 9 look for a move to resistance at 10 and then to 10.51. You should use tight stops here.
( click to enlarge )xG Technology Inc (NASDAQ:XGTI) hit my scanner today after closing with a gain of 23%. The stock may be forming a bottom after being in a downtrend for weeks. It has a good base at 1.65 which can be used as a stop loss for long position. On the upper side, the move is likely to accelerate above 2.40. I expect some follow through on Thursday.
( click to enlarge )Nice tweeted under 1.95 today. Concordia International Corp (NASDAQ:CXRX) closed strong and above the 20-day EMA. This momentum could push this stock much higher from here. Next resistance is now seen at 2.39 then 2.55. With the RSI rising off an oversold condition and with MACD crossing over the signal line, the stock looks prime for a continuation of Wednesday's rally.
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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
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