( click to enlarge )E TRADE Financial Corporation (NASDAQ:ETFC) can potentially set-up very well for a swing-trade if the stock breaks through the resistance level at $22.95. There could be good upside in this trade, so watch the stock closely tomorrow.
( click to enlarge )Merrimack Pharmaceuticals Inc (NASDAQ:MACK) Watch this trend line and play accordingly. Momentum indicators suggest continuation of positive bias for the stock. Lets keep an eye on it.
( click to enlarge )Spectrum Pharmaceuticals, Inc. (NASDAQ:SPPI) This breakout is ready…The stock seems to be forming an ascending triangle with a target price of around 10 and is currently near the apex. In addition, SPPI is a short squeeze candidate, with a short float at 30% (equivalent to 15.5 days of average volume).
( click to enlarge )Elephant Talk Communications Corp (NYSEMKT:ETAK) successfully close above its 200-day EMA on very impressive money volume. This is a very bullish development. Short-term technical indicators are strong. If the stock can break today’s high of $1.17, we should see a strong follow through move. Next major resistance level lies at 1.56
( click to enlarge )Orexigen Therapeutics, Inc. (NASDAQ:OREX) has a chart set to breakout. Watch over $24.86
During the day I tweet many times to my readers. I encourage everybody to subscribe AC Investor Blog twitter and newsletter, so you can receive my trade ideas and stock news in real time.
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.
Thanks for visiting AC Investor Blog.
AC
