( click to enlarge )Molycorp Inc (NYSE:MCP) looks like it has bottomed IMHO. The stock price broke the $4.73 resistance level Friday on decent volume and could eventually rally up to test the 5.25-5.40 resistance zone. The technical daily indicators are looking mildly bullish. The MACD is currently negative, but rising above its signal line and the RSI has climbed out of its oversold zone. Keep MCP on your radar going forward. Stop 4.51
( click to enlarge )Keryx Biopharmaceuticals (NASDAQ:KERX) Friday's close confirms a trend change in short-term. Let’s see whether the stock can gather enough momentum to break through $14.75.
( click to enlarge )Melco Crown Entertainment Ltd (NASDAQ:MPEL) has been slowly gaining some traction amid light buying pressure the last few days. A break through this 35.88/36 area could accelerate it higher.
( click to enlarge )Grupo Televisa SAB (NYSE:TV) is consolidating and might be getting ready to move higher. Look for break above $31 to enter longs.
( click to enlarge )Quest Rare Minerals Ltd Common Shares (NYSEMKT:QRM) is on bottom watch. Based on the chart, this stock has declined to the point of becoming a good bottom play, at least a 35% bounce in my opinion. The recent volume and buying action, seems to support this view.
( click to enlarge )Novavax, Inc. (NASDAQ:NVAX) had a nice break out on Friday and rose over 4%. If the stock can sustain this strong momentum $4 is not out of the question next week. Keep it on your radar over the coming days.
( click to enlarge )Himax Technologies, Inc. (NASDAQ:HIMX) pulled back on Friday under some profit taking. In my opinion, there is here an opportunity for additional gains with a run over $10.5 not out of the question.
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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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