( click to enlarge )Tuesday's high volume breakout could be the start of a nice squeeze higher for Gogo Inc (NASDAQ:GOGO) shares. Over 37% of float is short (14 days to cover). The stock had a large spread and volume today, successfully breaking several resistances lines. A lot of eyes are on this stock right now, so make sure this is on your radar screens. Patience is a virtue !! Squeeze seems eminent.
( click to enlarge )Looking at the daily technical chart of AOL, Inc. (NYSE:AOL), the price is quickly approaching a breakout if the stock can manage to trade above $40.62. A strong volume move above that level, could set the stock up to retest its March highs of $42.42.
( click to enlarge )I had Rambus Inc. (NASDAQ:RMBS) on my watchlist a few times this month and today it broke out in impressive fashion on volume expansion. I believe the stock can easily re-visit last year's highs of $14.82/share, if not higher.
( click to enlarge )ImmunoCellular Therapeutics Ltd (NYSEMKT:IMUC) back over 50c. The stock displayed relative strength on Tuesday closing again above its 20-day moving average on solid volume. Short-term levels to watch tomorrow 54c and then 61c.
( click to enlarge )Enzon Pharmaceuticals Inc (NASDAQ:ENZN) Could be a high flyer on breakout. The 52-week high is $1.83, but based on the current momentum and volume action this level is insignificant. Tomorrow could be CRAZY !!!
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
