Stock Watchlist 31 December 2014

Stock Watchlist 31 December 2014

BDR

BDR has formed a nice ascending triangle formation over the past month and surged higher again today with slightly higher relative volume. This is a “Superman” pick (@super_trades) so be careful since his low floats normally rise fast and fall equally as fast; however, from a technical standpoint, this looks good. Notice the potential MACD crossover.

FOMX

Recent IPO that has formed a long three month sideways base before finally coming awake this month. Like BDR, FOMX has formed an ascending triangle formation and needs to break 7.25 on higher volume to really start moving. Past that level, the next resistance is not until $8 – if it can break $8, then $11 is not out of the realm of possibilities.

ISLE

There are some large possibilites with this stock. If ISLE can break four month resistance at 8.67 then we could see it move into that nice gap (crudely drawn with the red circle). Notice the volume clustering since the start of December – volume has really picked up relative to the previous four months of trading. ISLE is also close to a golden cross (50 MA crossing the 200 MA) so worth keeping a watch on.

SAND

Gold miners had a good day today and SAND is one of my favorites. SAND tried to break resistance today at 3.48 and fell back to resistance; however, look for a sustained price/volume move over that level and this could easily see $4 – if not higher. Notice also the potential for a huge RSI (14) breakout (over five months) that could propel this higher.

VTNR

VTNR broke out today with a nice volume pop but was rejected by its 50 MA. Look for a push above that level at 4.57 and this could easily move into the $5/$6 range – notice also the two month RSI (14) breakout today that could foretell higher prices.

Other Stocks to Watch:

AMCO –

Probably my least favorite pick on the watchlist tonight due to its sketchy trading prior to November; however, AMCO did push right up to one month resistance today with a nice volume pop. If it can sustain its price action tomorrow, then we could see it re-visit its prior highs at 0.33.


CRIS –

A number of small cap biotech stocks have been running recently and CRIS had a strong move today, pushing over short-term resistance at 1.39 with solid volume. It still has resistance to cross above it at 1.53; however, if i can break that, then we could see it test its 200 MA in the upcoming days.


GTIM –

One of my favorite stocks of the past few months, GTIM has consolidated nicely since its breakout at the start of December. Notice how it never broke its 50 MA and hugged it all the way until today when it popped on higher relative volume. I have been noticing a number of restaurant stocks heating up also (DENN, WEN, IRG) so the potential for the sector to move again is there.


ROX –

ROX has fell back well since its big move during the second part of the year; that being said, it has recovered nicely over the past two weeks since bottoming out at 1.24. Notice resistance above it at 1.65 – if it can break that, and if it can break its 50 MA, then we could see ROX re-test its prior November highs. Notice the short term RSI (14) breakout.


TGA –

Call me crazy but there a number of energy stocks out there right now that have similar looking charts to TGA (TTI last off the watchlist last night for example). TGA has formed a tight ascending triangle formation in the midst of its downtrend and actually broke over resistance today at 3.74. Furthermore, TGA also closed over its 50 MA – should we ever see another oil bounce, this stock could be one of the big movers.

Chart Updates:

ANR –

Solid move off the watchlist last night on higher volume, I like the price action here in ANR. This stock generally has multi-day moves so keep ANR on watch to see if it can test its 50 MA in the upcoming days.


BV –

Nice little continuation from BV off the watchlist last night, the next break we are watching for is at 8.23.


ONVO –

Another solid mover off the watchlist last night, ONVO opened red this morning before grinding higher and solidifying its breakout. Next resistance is at 7.78 – break that and we could see this move into the $8 range.


SIGM –

Just beastly at this point, SIGM now is well over-bought after another huge move today. Notice how SIGM was rejected at the 6.50 level – this could easily gap up in the morning above 6.50 and, if it does, be careful as we could see a g/r move.


ZGNX –

Off the watchlist on Friday, I saw a

lot

of people on the stream today talking about ZGNX and its breakout. ZGNX did manage to hold its initial breakout – however, I was disappointed to see that it sold off sharply as the day went on. Nice volume bar today, look for a break of 1.48 and this thing will be testing its 200 MA. Like I have been mentioning in chat, ZGNX has a PDUFA date of 30 January – stocks often run into their PDUFA date so this might just be a longer term hold for some of you.

Trade Under Ten’s Positions:

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.

– I sold VHC for a loss today. I was fed up with the dead money move even though it formed a decent looking (potentially a reversal) candle today.

– I bought EAC for a long term hold into January today at $8.50. This stock is a former Superman pick with 38% short float and has formed a nice rounded bottom over the past few weeks. Low volume with only a float of just over 4 million shares.

– I own TVIX at $2.45. Did you notice TVIX’s price action today?? This thing looks ready with volume increasing over the past four days.

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.

I have no positions in any stocks mentioned in this post

Continued here: 

Stock Watchlist 31 December 2014

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