( click to enlarge )Micron Technology, Inc. (NASDAQ:MU) I'm accumulating long positions again in the range of 19.25-19.50 levels for an immediate target of 21 levels. With the stock price showing signs of bounce back, I believe that a short covering rally a short covering rally may be near. Watching action closely up here.
( click to enlarge )Asterias Biotherapeutics Inc (NYSEMKT:AST) broke out of a rounding bottom pattern and the volume spiked along with strong move, sign that a new trend could be in play. The bullish break out of the neckline gives an upside target of 6.5 and higher. From the daily technical chart, MACD, RSI and KD both signal positive strength.
( click to enlarge )Career Education Corp. (NASDAQ:CECO) Wants to breakout. 3.51 is short-term resistance. Technical chart speaks for itself (positive divergences) and unusual Aug $4 call options lately. Looks like a bounce is on cards.
( click to enlarge )Seres Therapeutics Inc (NASDAQ:MCRB) showed a lot of strength again on Thursday. The stock has broken out above a consolidation pattern and looks to me like it wants to test the highs at 51.40. The intermediate consolidation formation and the subsequent breakout has opened up the next short-term upside. Long setup.
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
