( click to enlarge )Orexigen Therapeutics, Inc. (NASDAQ:OREX) today's close confirms a possible trend change from downward to neutral. Next key resistance is now located at $7.80, a break above this level will confirm the bullish trend, and the following uptrend will take price up to $9 zone. The Slow Stochastic crossed above its signal line on daily and the Relative Strength Index is also turning higher, which is a sign of growing strength in the stock. On radar.
( click to enlarge )Net Element International Inc (NASDAQ:NETE) made a nice move today and it was with an increase in volume, which shows us there are buyers in the stock. The resistance level for the stock is $1.37, but do not be surprised to see some additional resistance at the $1.40 price level. I expect to see volume increase once the stock breaks resistance. Let's keep an eye on NETE as i think momentum will pick up again. Im long.
( click to enlarge )King Digital Entertainment PLC (NYSE:KING) momentum is coming back to this name. MACD and Stochastic look promising. This could indicate the potential for some upside gains in the very near-term. If it breaks the DT line, KING could easily retest its February highs of around $17.
( click to enlarge )Palo Alto Networks Inc (NYSE:PANW) has bounced today off its 50-day EMA just above the critical support of 134 and rose 2% to $141.45. The uptrend remains intact as long as this key support holds (stop loss).
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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