Market Blog Technical Analysis

Fairmount Santrol Holdings Inc continues bullish momentum

Fairmount Santrol Holdings Inc (NYSE:FMSA) continued its bullish momentum last week. On Friday, the stock jumped more than 9% on volume well above the average, crossing the 100-day moving average for the first time in months and breaking key resistance at $3.94. These signs show high probability for continuation of current momentum in the next couple of trading days. From a technical standpoint, the RSI remains overbought but higher lows indicate
Market Blog Technical Analysis

Petroleo Brasileiro SA Petrobras – Chart with a potential flag breakout

Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) has been in a consolidation over the last two weeks in the 9.73-10.15 range (developing a bullish flag formation) after a big surge in price and volume in the first week of the current month. On Friday, the stock opened lower, but quickly rebounded and tried once again to break the resistance level but without success. If this level ($10.15) is broken with volume
Market Blog Technical Analysis

J C Penney Company looks Poised for a Bounce

The JC Penney stock (JCP) ended Friday's session  with a bullish hammer candlestick accompanied by a nice pickup in volume, which could mean a reversal indication. I think we have reached the bottom in short-term. Price hit a high of $3.62, which is resistance for Monday’s continuation move. I will add few more shares once it breaks through this high and expect to see heavy volume push the stock higher. Despite weak signal from
Technical Analysis

Marinus Pharmaceuticals Inc (NASDAQ:MRNS) is in a parabolic move.

Antonio's Perspective The stock made a new 52-week high again today but gave back some gains. The slope of the recent upward move is very steep accompanied by increasing volume. If the stock can break today’s high of $3.10, we should see a follow through move. Daily technical indicators are bullish. The MACD is rising above its signal line in positive territory while the A/D line remains in a long-term
Market Blog Technical Analysis

Sangamo Therapeutics Inc (NASDAQ:SGMO) Positioned For An Upside Breakout

Antonio's Perspective Sangamo Therapeutics Inc (NASDAQ:SGMO) jumped 75 cents, or 7.85%, Friday to close at 10.25, just slightly below its key resistance at 10.50. A break above this level could move the stock significantly higher on the way to targets of 11.30 (R2) and then 12.10. Initial stop loss is 9.12 (EMA9). Looking at the technical chart, daily technical indicators are turning bullish. MACD is rising above its signal line in positive
Market Blog Technical Analysis

The highest close since October 2014: Antonio Costa

22nd Century Group Inc (NYSEMKT:XXII) gained 49 cents, or 24.75%, Friday on one of the heaviest-volume days this year, with 14 million shares traded. That's 9 times higher than average volume, and the stock closed at $2.47, the highest close since October 2014. These signs show high probability for continuation of current strong momentum next week. To the upside, the next major resistance is located 3.35 (the high of August
Market Blog Technical Analysis

Gap fill candidate to the long side: Antonio’s Perspective

CytRx Corporation (NASDAQ:CYTR) price has formed a big bullish candle on daily time frame with volume 12x above average. The heavy buying makes this an interesting situation and one worth watching on Monday. From a technical standpoint, the stock is starting to show some signs of accumulation with high volume on upside days and low on downside days. I expect this rally to continue next week which can take prices towards
Market Blog Technical Analysis

BIDU is heading higher to test a firm resistance at 194: Antonio

I have Baidu Inc (NASDAQ:BIDU) on my watchlist for next week. The stock rose $1.81 or 0.97%, on Friday, finishing the session at the highest close since May. This move puts it in high probability of a breakout above key resistance in the 193.74 area. Daily technical indicators are looking bullish. The daily MACD is above its signal line in positive zone, while RSI has just crossed above its 70% level
Market Blog Technical Analysis

Bullish Consolidation Pattern for This Telecom Stock

Vodafone Group Plc (NASDAQ:VOD) has been trying to break out above the key resistance level at 29.25 a couple of times since last month, but each attempt has been unsuccessful. This situation has created a sideways (bullish) consolidation pattern whose upper horizontal trend line could be ready to be broken. If a breakout occurs on volume, we could see momentum that could move the stock to around the 30-30.3 area.