Market Blog Technical Analysis

Great breakout move on strong volume surge for Plug Power

Antonio's Perspective Plug Power Inc (NASDAQ:PLUG) after nearly two weeks of consolidation in the 2-2.19 area, broke out today, up 18 cents, or 8.78% on decent volume. This consolidation break to the upside confirms a short-term trend reversal and the beginning of new momentum, which could move the stock above its two-month high in the 2.5 area. Daily technical indicators are in bullish zones. The MACD indicator is rising above
Market Blog Technical Analysis

Nice Bullish Chart But A Pullback Would Be Nice (NASDAQ:BLUE)

bluebird bio Inc (NASDAQ:BLUE) broke out to a new 52-week high yesterday, accompanied by a good volume suggesting higher levels. This biotech stock has been in a nice uptrend for the last seven months and technically looks very strong with both 50-day and 200-day exponential moving averages going up, while %K line is on top of %D line and MACD rising. BLUE is now on the overbought level, so this
Market Blog Technical Analysis

Let’s see if history will repeat itself yet another time: Antonio’s Perspective

As you well know, I have been focused on BBRY which has delivered a 20% gain for the month since I first alerted it to everyone here on Stockal. You probably might think that it is boring watching a stock for weeks at a time, but that's how the real money gets made folks. It looks like there is still strong accumulation on this particular name and traders are bidding
Market Blog Technical Analysis

Tesla Stock Setting up for new Highs: Antonio’s Perspective

Stock appears ready to break above its all-time high at $327.66. I expect to see Tesla Inc (NASDAQ:TSLA) in the 340-360 target range short-term, but would not be surprised to see it above these levels by the end of this year. After a big price-volume surge in late March, the stock has consolidated in the last 2 months in the 290-330 trading range, which looks like it is ready to
Market Blog Technical Analysis

China Commercial Credit Inc (NASDAQ:CCCR) is HOT

Antonio's Perspective on NASDAQ:CCCR The stock has been on fire lately, surging up over 39% in the last week. After a big price-volume surge at the end of last month, pulled back a little in the first two weeks of this month, creating a falling wedge pattern. The upper line of that wedge was broken on Wednesday, on the heaviest volume in the last 15 days. The stock continued to
Market Blog Research Technical Analysis

Murmurs Galore For Globalstar Inc (GSAT) – A Consolidated View

Globalstar, Inc. (NYSEMKT:GSAT) saw its shares surged almost 20% to $2.29 per share yesterday on reports it could be up for sale. Antonio's Perspective Looking at GSAT stock's daily chart, we see that last week the stock broke and closed above an important resistance line and is poised to continue higher, towards the 2.92-3 area next. The technical chart also shows the stock is on a bull market, as the
Market Blog Technical Analysis

Watch Amazon (NASDAQ: AMZN) For Short-term Bullishness: Antonio Costa

Amazon (NASDAQ:AMZN) pulled back last week after recorded a new all time high of 954.40. The stock has been trading in a nice upward trajectory since early January and at this point the up trend is still intact. The daily RSI indicator has reached overbought territory in the last sessions, suggesting that after such a strong run the price is due to take a breather again, as happened in early
Technical Analysis Trending

Cisco Systems, Inc. (NASDAQ:CSCO) is potential breakout candidate

Once again, we have a weekend read with holistic perspectives for you. Analyzing the Cisco (NASDAQ: CSCO) stock this time, this post covers technical analysis by Antonio Costa - our friendly technical expert on the US markets - and combines that with views of Wall Street sentiment and investor activity about the stock on social media. Technical Analysis by Antonio Costa The bulls have no reason to be alarmed. In
Market Blog Technical Analysis

Antonio’s Analysis: This stock could see more gains ahead

ZIOPHARM Oncology Inc. (NASDAQ:ZIOP) caught my eye last week when price broke the $7 resistance area with a strong momentum impulse. Price seems to be forming now a potential bullish "flag" consolidation formation. If this pattern materializes, the next move should be to the upside, because prices generally exit "flags" moving in the same direction they were moving when they entered them. (more…)
Market Blog Technical Analysis

3 stocks to watch this week

Advanced Micro Devices, Inc. (NASDAQ:AMD) As expected, the stock broke the downtrend line on daily chart confirmed by Fridays candle on volume above average. Price had been in consolidation for nearly five weeks after a fantastic performance in February. Friday's move initiated new momentum, which will probably test the 52-week high in the 15.55 area. My long term bias remains bullish. MacroGenics Inc (NASDAQ:MGNX) price needs to break the large