Stocks to Watch for December 29, 2015

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BlackBerry Ltd (NASDAQ:BBRY) had a strong day and broke through its resistance line on decent volume. The outlook remains bullish and the stock appears on course to move to the target zone of the 10/10.4 range.

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Today's reversal in WidePoint Corporation (NYSEMKT:WYY) could be a buy signal. The stock is back at the top of its range and could make a breakout move very soon. Resistance is 76c, which is the high of this range. Technical indicators are becoming more favorable with MACD rising and RSI/ADX starting to turn up. There could be good upside in this trade, so keep WYY on your screen throughout the day on Tuesday.

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Rambus Inc. (NASDAQ:RMBS) made a small move today, but still looks like it wants to go. This stock is trading slightly under the declining 100EMA and this could be the catalyst to break through. I'm setting resistance at $12, which was last week's high. If the stock breaks through, the next resistance is the 200-day EMA. The fact that the stock is holding up as volume dramatically decreases, is another sign of a future upside move. Keep watching RMBS for the next few trading sessions.

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AMAG Pharmaceuticals, Inc. (NASDAQ:AMAG) is a candidate to be traded in breakout mode. The technical indicators are looking better for the stock with MACD indicator above its sell signal line and RSI indicator moving up from the 50% level. A close above 30.3 will impart bullishness and will help the stock move to the short-term target zone of the 32.2/50 range.

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Pilgrim's Pride Corporation (NASDAQ:PPC) Setting up a possible resistance breakout trade. Long over 22.87

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I think Clovis Oncology Inc (NASDAQ:CLVS) is still in a consolidation range, waiting to make a big move (Gap). This stock is going to have a big move and it should be to the upside IMHO. The momentum indicators are attempting to turn up from oversold levels. My stop 30.89

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
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