( click to enlarge )Rite Aid Corporation (NYSE:RAD) showed some strength on Thursday and closed nicely above the 2.27 resistance level on solid volume. This could be a significant turning point for stock.
( click to enlarge )The money seems to be flowing into One Horizon Group Inc (NASDAQ:OHGI) as indicated by the OBV indicator on daily. With no resistance between $2 and $2.78, a break above the $1.75 area can see the stock trade in the $2 area pretty soon. Im long and strong with a stop around the 1.38 area. The key technical daily indicators have also begun to turn bullish, with key EMAs displaying a golden-cross following today's move. Have this on your watchlist.
( click to enlarge )Caterpillar Inc. (NYSE:CAT) remains very strong on charts. She's extended but no one seems to care. I would wait for a little more consolidation before jumping in, but it looks like CAT is a stock to keep an eye on for awhile. So, I will be watching her carefully for any possible opportunities.
( click to enlarge )Sociedad Quimica y Minera de Chile (NYSE:SQM) broke out to new 52-week highs today. The stock which has doubled since July of last year is positioned for more upside. As long as the stock price stays above $60 area, the bullish scenario is still intact.
( click to enlarge )Iconix Brand Group Inc (NASDAQ:ICON) attempted to breakout but did not succeed. A breakout from this bottom zone will give an excellent opportunity for traders to pick up long positions. Breakout watch over 1.36 (unusuall call activity detected today).
( click to enlarge )Short covering in some China stocks produced some strong gains on Thursday. Shares of KBS Fashion Group Ltd (NASDAQ:KBSF) broke through resistance at $5 and closed above the downtrend line for the first time since November. Going forward the next levels to watch above are seen at 6.24 and 7
( click to enlarge )Myomo Inc (NYSEAMERICAN:MYO) is setting up for another run. Lets see if it breaks and closes above the EMA50. Long set-up on watch.
During the day I tweet many times to my readers. I encourage everybody to subscribe AC Investor Blog twitter and newsletter, so you can receive my trade ideas and stock news in real time.
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.
Thanks for visiting AC Investor Blog.
AC
