( click to enlarge )Sonus Networks, Inc. (NASDAQ:SONS) was added to my watchlist as a possible bottom bounce-play. Short term, the stock is very oversold and a significant bounce can happen any time. Daily technical chart is displaying positive divergences on momentum indicators The MACD has just crossed above the signal line and the RSI is calling for a trend reversal. Im long here.
( click to enlarge )Neothetics Inc (NASDAQ:NEOT) Thin name but the daily technical chart is displaying upside momentum. This could be the start of a nice rebound. Nearest resistance for the stock is at $8.88. If this level is crossed and the stock is able to sustain above this level, then it might go to $10.60
( click to enlarge )Ocwen Financial Corp (NYSE:OCN) looks like it wants to break out from this base formation. The daily technical chart shows good signs, we are in a short term upward trend with the MACD positive/rising and with ADX starting to turn up.
( click to enlarge )Jamba, Inc. (NASDAQ:JMBA) Keep an eye for a possible breakout over 16.89
( click to enlarge )Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA) This chart popped up on my scanner today and I feel it's one that should make its way onto your watch-lists for Tuesday. The stock is starting to gain interest again and could see a rapid ascent as the accumulation chart shows a trend reversal to the upside. It could see $9 in the very near term.
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
