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( click to enlarge )The price of Adesto Technologies Corp (NASDAQ:IOTS) stock broke above the downtrend line today on high volume, creating a significant amount of bullish potential. On the technical side, MACD and stochastics all point to upward trend while RSI is also rising. IOTS has a lot of upside potential, so watch it closely on Thursday. Next major resistance lies around the $2.80 level.
( click to enlarge )NVIDIA Corporation (NASDAQ:NVDA) broke ascending channel (Hourly chart) to downside on heavy volume today. If it fails to hold the $108 area, a deep pullback could be ahead.
( click to enlarge )Histogenics Corp (NASDAQ:HSGX) is a stock that has been basing for a while and technically is due for a break out. Looking at the daily chart above we can see a strong support and buyers coming in around 1.6-1.7 area. Momentum indicators are also showing positive divergences. If it breaks the resistance of 1.85 the stock will fly. The stock's 12-month high of $4.47 is also a huge catalyst for an amazing bounce.
( click to enlarge )Valeant Pharmaceuticals Intl Inc (NYSE:VRX) displayed some relative strength today. If it breaks this trendline tomorrow, that would be a long trade with a stop at 13.80
( click to enlarge )Level 3 Communications, Inc. (NYSE:LVLT) Still watching this stock, especially after todays action. The 57.50 level needs to be broken as resistance for some momentum to pick up.
( click to enlarge )Ophthotech Corp (NASDAQ:OPHT) is in the process of bottoming and I expect a pop above $5.28 at some point in the coming days. Daily technical indicators are showing signs of turning around with MACD curling up and RSI starting to turn up from deep oversold levels. On watch.
( click to enlarge )Conatus Pharmaceuticals Inc (NASDAQ:CNAT) If it holds this level tomorrow, we could be setting up for another significant rally. Lower volume on pullback.
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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
