( click to enlarge )IntelliPharmaCeutics Intl Inc (NASDAQ:IPCI) seems to be forming a large ascending triangle pattern with resistance at 3.35 and a possible upside of 4.10. But currently, it is also trading within a tight trading range. The stock needs to break the 2.95 resistance area first on high volume to continue this uptrend and retest the upper line of triangle. From a technical standpoint, there is a big possibility of price to reach 2.95 and beyond in short-term, because MACD has triggered a new buy signal. IPCI can be a great trading stock, but you have to watch it closely.
( click to enlarge )MGM Resorts International (NYSE:MGM) continued to show strength on decent volume. If we break the 29.50 resistance level the stock could retest its recent highs.
( click to enlarge )ProNAi Therapeutics Inc (NASDAQ:DNAI) is part of my portfolio and I intend to stay with it. From a technical standpoint, the stock is still in bottoming mode, it looks like. A breakout from this sideways zone will give an excellent opportunity for traders to pick up long positions with a stop at 1.30. DNAI could be a good short squeeze opportunity on any positive news. The MACD and Slow Stoc are still rising, a reversal may be on the way.
( click to enlarge )Ophthotech Corp (NASDAQ:OPHT) Still on my top list. The stock remains extremely oversold and with MACD showing signs of turning up again a significant bounce is likely from these levels.
( click to enlarge )Keep an eye on Opexa Therapeutics Inc (NASDAQ:OPXA) tomorrow. The volume picked up today and it may be starting a rally. Let's keep an eye on it.
( click to enlarge )Uranium Resources, Inc. (NASDAQ:URRE) Big bullish engulfing candle today on heavy volume. If we see follow-through tomorrow, it might run hard. A move above 1.75 could spark a nice short-squeeze.
( click to enlarge )Energous Corp (NASDAQ:WATT) has proven its bullishness. The stock was able to move past the $18 resistance level today and continued up to as high as 19.26. MACD also followed as well with the movement of the price. Looks ready to test the highs.
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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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AC
