( click to enlarge )Rigel Pharmaceuticals, Inc. (NASDAQ:RIGL) had some nice gains today hitting a high of $4.73 ! Less than a month ago, this stock was trading at over $7 !! That's a strong drop in price and with such a strong balance sheet ( $3.42 in cash ) I believe that RIGL could see an incredible bounce back ! By looking at the chart RIGL’s base is ready to explode and act as support. Additionally, there are signs of a possible bounce due to the oversold indicators and some positive divergences, which often leads to short covering. The next big resistance seems to be at the 13-day EMA around 5.14. But, I'll be more than happy if it gets above $5. With heavy volume at the end of today’s session, it looks to me that the stock is ready for a big bounce.
( click to enlarge )Tesla Motors Inc (NASDAQ:TSLA) hit a new 52-week high today, trading as high as $47.6, before settling at a close of $46.97. I'll be watching the stock on Friday, looking for a follow through move. Resistance reflects today’s high of $47.60. Keep an eye on TSLA because there is good upside in this stock. Stop 42.10
( click to enlarge )Aegerion Pharmaceuticals, Inc. (NASDAQ:AEGR) Stalking as a potential swing long above 41.25
( click to enlarge )Rambus Inc. (NASDAQ:RMBS) has enjoyed a nice pullback the last two sessions, but it's looking like the stock may be ready to continue upward soon. Hold your current position with a stop at $6.25.
( click to enlarge )Nektar Therapeutics (NASDAQ:NKTR) Shows no signs of slowing down. Looks ready to breakout.
( click to enlarge )Safeway Inc. (NYSE:SWY) shares may be in a consolidation phase following a nice trend. Looks like it will move up again. Keep an eye for a possible breakout over $27.
I recommmend : Click HERE to see a list of financial products to help you trade and invest, created by industry professionals.
During the day I tweet many times to my readers. I encourage everybody to subscribe AC Investor Blog twitter and newsletter, so you can receive my trade ideas and stock news in real time.
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.
Thanks for visiting AC Investor Blog.
AC
