Stock Watchlist 18 February 2015

Stock Watchlist 18 February 2015

CRNT

CRNT had a big move today on high volume as it shot through resistance at 1.10 and at 1.16. It is now sitting right under multi-month resistance at 1.20 and needs to break that level before moving higher. I do like the potential for this stock if that level is broken – notice how there is not any resistance ahead of it until its 200 MA at 1.85. Also notice the six month RSI (14) breakout today.

COVS

COVS is sitting right at horizontal and downward resistance and needs to break both of those levels in the short term future before moving higher. I do like how COVS closed over its 50 MA today; look for a push through 2.60 on higher volume and we could see this test the $3 level.

DANG

I have noticed a lot of China issues moving recently (NQ, JRJC to name a few) and DANG also enjoyed a big move today as it closed over its 50 MA on higher volume. Notice how DANG broke its downward trendline today and is now sitting right below resistance at 9.28. Look for a break of 9.28 on higher volume and we could see this stock head higher. Earnings are released on February 26th before the open, so we could see DANG run into earnings next week also.

NOG

There are a lot of oil and energy plays out there that have bullish looking setups so you could really take your pick. I like the NOG chart here as it remained relatively strong despite oil inching lower last week and held its rising support line. Look for a break of the tight ascending triangle at 8.98 and we could see this move through $9 and even $10 if momentum really continues.

PGNX

PGNX has seen a nice correction since its run during the last two months of 2014 and has consolidated right at its rising support line. PGNX looks to have found a short term bottom at 5.44 and traded higher today on rising volume. Look for a break of the whole dollar level of $6 and we could see this form a rounded bottom and head back up to its late December highs.

QTM

QTM had a stunning move back in November and December of last year and, like PGNX, has seen a correction since then. QTM has managed to consolidate right below its 50 MA and has formed a broad ascending triangle formation since forming a short term bottom at 1.48. Look for a break of 1.67 on higher volume.

Other Stocks to Watch:

AKG –

Gold mining stocks have seen some pretty large corrections over this month; however, that being said, AKG shot higher today on big volume on essentially no news or catalyst. AKG has formed a wedge formation and I will be watching for a break of that overhead resistance line; if that line can be broken, we could see this move higher once more. I will also be watching for a RSI (14) breakout; if neither comes then AKG could well continue its downtrend.


BTX –

BTX moved higher today on higher volume after forming higher lows for the past month. BTX has essentially formed a one month ascending triangle formation and I will be watching for the 4.29 break in the near-term future.


CLD –

CLD looks to have formed a ‘V’ bottom and has headed higher since bottoming out in late January. I will be watching for CLD to cross horizontal resistance at 8.36, then its 50 MA at 8.46 before really getting interested in this stock. A break of both of these levels should see this stock move higher once more.


CRC –

We featured CRC on the watchlist a while back and I think it is setting up to be in play once more – especially if oil continues to head higher. Like NOG, CRC was not hit badly by the correction in oil prices last week and started forming higher lows on Thursday and Friday. Look for a break of 6.94 and we could see CRC re-test its IPO levels from November.


GERN –

A lot of biotech stocks are running and GERN crossed short-term resistance today on higher volume. I would look for GERN to cross and close above both its 50 MA and downward resistance – a break of both of these levels and we could see GERN re-test its early December highs.


KTOS –

We had KTOS on the watchlist early last week as I was watching for a break of 5.73. That break came but was not sustained, and KTOS fell back to short-term support at 5.31. KTOS finally crossed 5.73 today and I will be watching for that 5.80 break on continued higher volume.


MOLG –

MOLG has formed an extremely tight ascending triangle formation after crossing two levels of resistance at 2.52 and 2.54 today. I do like how MOLG closed over its 50 MA for the first time today (a bit misleading since it does not have a lot of trading history); however, that break is still significant and I will be watching MOLG to continue its move higher.


NOA –

NOA broke downward resistance today and also closed over its 50 MA for the first time in months. I will be watching for a break of 3.19 and 3.22 on higher volume and for it to hold its 50 MA breakout – if it does, there is plenty of potential for this stock to continue higher. Notice the six month RSI (14) breakout today.


OREX –

OREX is another biotech stock that closed higher today despite relatively low volume. Despite the volume, I like how OREX closed over its downward resistance line today as well as closing over its 50 MA. Look for OREX to continue over the week – I will be watching for the 5.93 break for a confirmation that this stock is indeed headed for higher prices.

WAVX – WAVX has bounced nicely over the past four trading days since forming what looks like a bottom at 0.60/0.62. I like the recent splurge of volume that we have seen in this stock and, with other cyber-security stocks heading higher, it is worth watching WAVX to see if it can join in the sector move. Look for a break of multi-month resistance at 0.86 and then a break of 0.90; if both of those levels can be broken, there is no reason why WAVX cannot continue higher.


WYY –

WYY is another cyber-security stock that, like WAVX, has seen some good price action over the past few days. I like the volume on WYY today as it crossed short-term resistance at 1.55 and is sitting right below one month resistance at 1.59. Look for that 1.59/1.60 break on continued higher volume; also watch for that six-month RSI (14) breakout.

Chart Updates:

All the stocks below have been featured on this website in the past two weeks.

ARRY –


ASTI –

AVL –

CRIS –

CRK –

CZZ –

GASS –

MACK –

NTLS –

TGB –

THLD –

VTSS –

YUME –

Note: I do not alert when I buy and sell “real-time”. First of all, I have a full-time job so I cannot be in chat/on social media all day long. Second, I find that each trader/investor should be their own discipline and be able to think for themselves. Maybe one day I will but at this point I do my own trading and will update you here daily.

Trade Under Ten’s Positions:

– None

Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in Trade under $10 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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Stock Watchlist 18 February 2015

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