( click to enlarge )FuelCell Energy Inc (NASDAQ:FCEL) finally broke out of the bottom base formation accompanied by strong volume. Watch for a continuation move tomorrow.
( click to enlarge )Plug Power Inc (NASDAQ:PLUG) looks strong on daily charts. The stock closed today above its 20-day EMA of 2.93 with very high volume. From a technical standpoint, the RSI is moving up and above its 50% level. The daily MACD is rising and the A/D is also turning up which means there is more money flowing into the stock. This was a $5 stock less than 3 months ago. I think we'll see some nice follow through tomorrow.
( click to enlarge )SandRidge Energy Inc. (NYSE:SD) closed strong above the 20-day EMA for the first time since Nov 2014. This momentum could push this stock much higher from here. Next resistance is now seen at $1.50 then 2.07.
( click to enlarge )VirnetX Holding Corporation (NYSEMKT:VHC) was able to get up through the key resistance level ( 50-day exp moving average ) and sustained the move. The stock hit a high of $5.73, which is resistance for Tuesday’s move. If the stock can break through resistance, we should see a strong follow through move. Watch the stock closely tomorrow.
( click to enlarge )Wynn Resorts, Limited (NASDAQ:WYNN) is on the verge of a possible technical breakout. The stock closed slightly below the 50-day exponential moving average on the daily chart. Any close above this key EMA is a signal that there is a potential long-term trend change taking place.
( click to enlarge )Advanced Micro Devices, Inc. (NASDAQ:AMD) had a very interesting day as it broke out of a small base and closed near the highs. Key resistance is located at 2.66, a break above this level will confirm the short-term bullish trend and will take price up to 2.9 zone.
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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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