( click to enlarge )Second Sight Medical Products Inc (NASDAQ:EYES) Huge run from my 14.75 alert yesterday on twitter. Finally today the price broke and closed above the neckline of the large Cup and Handle formation. The volume was also above average, indicating that it was time to enter a position. If the stock can break today’s high of $15.96, we should see a strong follow through move. The Cup and Handle breakout has a measured move to $20 but I have no idea if it will get there. Im long. PS: Bullish catalyst for next week : Second Sight to Present at JMP Securities Life Sciences Conference.
( click to enlarge )Sonus Networks, Inc. (NASDAQ:SONS) Got killed a few months ago but now is setting up for a nice trade. Watch for a break above 8.05 (the high of the last peak) Above that level we could see a really nice bounce to 8.70ish. Furthermore, the DI+ is crossing above the DI- and the RSI is back above 50, for the first time in months. All technical indicators are now looking bullish.
( click to enlarge )Genworth Financial Inc (NYSE:GNW) momentum has become increasingly bullish over the past few trading sessions and the price is currently consolidating slightly below the 50-day EMA. If it breaks above the intermediate resistance level of 8.12, further up move can be expected.
( click to enlarge )Imprivata Inc (NYSE:IMPR) Nice price movement on solid volume today. Looks ready to break a recent high of $16.15. Keep it on your watch list going forward.
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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