( click to enlarge )Calithera Biosciences Inc (NASDAQ:CALA) has been consolidating in a bullish pennant pattern in the 13 area after its steep upmove from near 10 to over 14. Watch for a breakout above 13.50. Daily technical indicators have turned bullish.
( click to enlarge )Twitter Inc (NYSE:TWTR) is on bottom watch. Based on the daily technical chart, this stock has declined to the point of becoming a good bottom play, at least a 10% bounce in my opinion. The recent volume and buying action, seems to support this view.
( click to enlarge )J C Penney Company Inc (NYSE:JCP) Long set-up on watch. Lets see if it breaks over $8.98 this week. The MACD is currently positive and rising above its signal line. Plus A/D is increasing, indicating accumulation of shares in the market. Keep JCP on your radar going forward.
( click to enlarge )Pacific Ethanol Inc (NASDAQ:PEIX) broke out today on strong volume and I'm looking for a continuation move on Thursday. Next major resistance lies around the $15 level.
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
