( click to enlarge )Arotech Corporation (NASDAQ:ARTX) was one of my stock picks for Friday, delivered nice gains for traders on over 3M shares traded. The stock opened at $3.10 and hit a high in the afternoon of $3.54 representing gains of over 15% from the previous close. The stock price also had some nice swings. Congratulations to all those who profited from Friday’s alert. Need I say more about this technical chart ?
( click to enlarge )Gulf Resources, Inc. (NASDAQ:GURE) The technical chart for Gevo, Inc. (NASDAQ:GEVO) looks positive and poised for a potential breakout. With the spike in volume in the last sessions and momentum surging, in my opinion there is a high possibility that the stock price can appreciate even more during the coming sessions, especially if resistance ( 2.70 ) proves to be as light as indicators suggest. Put the symbol on your radar.
( click to enlarge )Gevo, Inc. (NASDAQ:GEVO) Friday's pullback could present a buying opportunity for those traders who are considering building a position for a possible breakout. I think the stock may resume its uptrend next week after this correction, as the pullback was with low volumes. Furthermore, some indicators are showing positive divergences and with the recent increasing volume, this is a clear indication of money moving into the stock.
( click to enlarge )Goldman Sachs Group Inc (NYSE:GS) closed above its 50-day EMA for the first time since January on solid volume. With the RSI above 50 showing buying signal and MACD heading into positive territory, I believe that the positive sentiment currently in the stock could be additional reason for investors to look for higher prices and confirmation of an upward trend reversal. Next resistances are in the 170 area.
( click to enlarge )XG Technology Inc (NASDAQ:XGTI) Setup for continuation of upward bounce The MACD indicator is curling up and looks primed to cross its signal line next week. Histogram bars have also been decreasing and heading towards the zero line. One more positive note is A/D that has started to turn up, showing that money is starting to move back into the stock. With the stock witnessing increased volume and technical indicators suggesting a further move, XGTI could have more room to increase.
( click to enlarge )Bank of America Corp (NYSE:BAC) There is a potential falling wedge on daily and a break above 16.65 would look bullish. The stock has been consolidating around 16.50 over the past week and could edge higher in the coming sessions. Volume has started picking up with the increase in price, but i want to see more in the coming sessions. Keep an eye on this one.
( click to enlarge )Rare Element Resources Ltd (NYSEMKT:REE) the stock faces light resistance here and has potential to move higher. Money flow has been strong over the past trading sessions, which could support higher prices.
( click to enlarge )HCP, Inc. (NYSE:HCP) Could be a high flyer on breakout, look for break above $40 to enter longs. Bullish MACD cross on daily.
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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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