( click to enlarge )ZIOPHARM Oncology Inc. (NASDAQ:ZIOP) continued to show strength with another gain. Today's rally put shares above the psychological resistance of 11, which is a bullish sign. The technical chart looks very bullish with a short-term target of $11.60.
( click to enlarge )Extremely bullish moves on Axion Power International, Inc. (NASDAQ:AXPW) are taking place over the last session’s. The stock was one of the big winners on Monday, closing up 62 cents on the day. It has been under accumulation for a couple days now. The volume on accumulation days consistently exceeded the volume on distribution days. That's a bullish sign. From a technical standpoint, the MACD chart is still showing an up trend with the MACD indicator above its signal line and is indicating further strength. The RSI value is currently above 60 but it has not reached the overbought territory. Let's keep an eye on AXPW as i think momentum will pick up. Next targets for the stock are $3.85 and $3.92
( click to enlarge )Tetraphase Pharmaceuticals Inc (NASDAQ:TTPH) Will Continue to watch this stock. It has a nice gap to fill if it can break through the key resistance level of $10.24
( click to enlarge )Viggle Inc (NASDAQ:VGGL) is displaying a short upside momentum and is poised to move higher from these levels. Despite the general market weakness, the stock made an impressive turnaround and rallied almost 3% to close the day at $1.50 on volume above average. Short term traders can buy above $1.54 with stoploss at $1.4 and targets of 1.79/2.02. Technical indicators show a continuation of the trend with MACD and RSI rising.
( click to enlarge )JetBlue Airways Corporation (NASDAQ:JBLU) has broken out to all time highs again. The volume on today’s break was solid, not great, so a sell-stop below $25.50 is probably a good idea.
( click to enlarge )Chesapeake Energy Corporation (NYSE:CHK) Setting up a possible resistance breakout trade. Long over 8.02
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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