( click to enlarge )Verastem Inc (NASDAQ:VSTM) shares closed higher for the third consecutive day on very impressive money volume. The trend continued higher based on the strong technicals. Today’s high is resistance for a follow through move on Tuesday. From a technical standpoint, the MACD just crossed above signal and the ADX chart is showing some strength in this movement, giving the "bulls" the signal they wanted. Watching 1.93 area for a squeeze. The company has a strong cash position of approximately US$110 million (as at December 31, 2015) or nearly $3 per share and zero debt.
( click to enlarge )Oncothyreon Inc (NASDAQ:ONTY) showed strength all day and broke higher on heavy volume. Looks like higher prices to come.
( click to enlarge )BlackBerry Ltd (NASDAQ:BBRY) is a stock that could head higher from Monday's close. It is in the process of bottoming and I expect a pop above $7.43 at some point in the coming days.
( click to enlarge )I have Cepheid (NASDAQ:CPHD) on my watchlist. It may be ready to break out of this consolidation. The daily technical chart looks very good. Breakout watch over 36.08
( click to enlarge )Pacific Biosciences of California (NASDAQ:PACB) Lets see if it breaks over $10.75. All major indicators are in favor of an upward price movement. Long set-up on watch.
( click to enlarge )Vringo, Inc. (NASDAQ:VRNG) has been slowly gaining traction amid some buying pressure the last few days. A break through this 2.19 area could accelerate the stock higher.
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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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