My Watchlist for Tuesday, August 30

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Sprint Corp (NYSE:S) has been in a bullish consolidation pattern in the 5.85/6.33 range since late August. A move above 6.33 would signal a break of the channel that likely has upside continuation.

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Can Fite Biopharma Ltd (CANF) is butting against its 200-day exponential moving average at near 2.60 that has contained prices since mid-June. A break of 2.58 level could result in an acceleration to the upside, targeting 3.15 area. I started a long position here. Note: Today, Rodman & Renshaw resumed Can-Fite BioPharma (CANF) coverage with Buy rating and price target $6

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Zumiez Inc. (NASDAQ:ZUMZ) has a daily technical chart set to breakout. Watch over $17.64. Calls were very active today.

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Herbalife Ltd. (NYSE:HLF) had a nice move on the upside, closing slightly above the 50-day EMA on high volume. The stock hit a high of $63.48 which is now resistance for Tuesday’s follow through move. The Oct $65 calls saw some activity, suggesting someone is getting aggressive in the expectation of higher prices.

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Amedica Corporation (NASDAQ:AMDA) I am a patient trader. The stock is basing constructively above the rising 50-day EMA on hourly. The real fireworks should begin if price can close above the $1.05 area. As long as the stock can remain above 95c, I like the stock. The MACD line is starting to curl upward, which should eventually lead to price increases. Keep on watch list.

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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
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