( click to enlarge )Scorpio Bulkers Inc (NYSE:SALT) Potential bottom in the making. Daily technical indicators are showing the first signs of a positive divergence from price. The MACD is already displaying a clear bullish divergence to the price action over the past few weeks, this suggests that the upside momentum could be building up. In addition, the daily RSI momentum oscillator is signaling a positive crossover from the extreme oversold territory. Plus, the A/D indicator is also showing some positive divergence. The stock is now likely to test and potentially overcome its 20-day EMA in the days ahead.
( click to enlarge )King Digital Entertainment PLC (NYSE:KING) After a significant rebound off its key support (100EMA) last week, the stock is now poised to climb towards the 17 key psychological resistance in the days ahead. Plus, the call options (Jan15 strike 20.54) have been very active in recent days, showing a more bullish stance. Im long.
( click to enlarge )BlackBerry Ltd (NASDAQ:BBRY) is on track to test and potentially overcome the 11-11.07 zone resistance in the days ahead. MACD has turned up and RSI has plenty of room to support higher prices.
( click to enlarge )TrueCar Inc (NASDAQ:TRUE) continued to show strength with another gain on solid volume. The technical daily chart looks very bullish with a short-term target of $25. The MACD inditcator is still climbing steadily, this implies that the current upside momentum is accelerating.
( click to enlarge )Ceres Inc (NASDAQ:CERE) I took a long position in CERE today, it's an aggressive buy but the risk/reward ratio is good. The stock is trading well below cash with $28 million, or $0.58 per share. The pull back of today is minimal. The stock is displaying upside momentum and is poised to move higher from these levels. Trending indicators still showing positive signals. Initial target is around 40c.
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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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