( click to enlarge )Catabasis Pharmaceuticals Inc (NASDAQ:CATB) appears to have started another rally Friday, closing the trading session up 8% at 2.62 on big volume, which suggests a buying signal. We may be once again at the beginning of a Big breakout for a stock that has proven to explode when momentum plays a part. A break of $3.76 with force might give stock room to $5. On the technical side, MACD gave a buy signal and RSI has been ticking higher. The positive CMF is also a good bullish signal for the short-term. In the start of this month, Wedbush Reiterated an Outperform rating on the stock and set a $15.00 price target. This stock should be on your watchlist.
( click to enlarge )Oclaro, Inc. (NASDAQ:OCLR) had a nice move on the upside Friday on heavy volume and looks like it wants to go higher. The nearest resistance stays in 9.58 level, which is a key resistance area that the stock needs to break. The surge in call options activity (Jan strike $10) could signal more gains for the stock in the next few sessions. Keep this stock on your watch list next week.
( click to enlarge )Ophthotech Corp (NASDAQ:OPHT) Will Continue to watch this stock. There are several indications that I see on hourly chart which suggest a bottom, including large positive divergences on MACD, RSI and CMF. The bounce should continue into next week.
( click to enlarge )BioCryst Pharmaceuticals, Inc. (NASDAQ:BCRX) Resistance Breakout. Go long on the break of Friday’s high at 6.34. Daily technical indicators are in favor of Bulls.
( click to enlarge )Craft Brew Alliance Inc (NASDAQ:BREW) made a nice breakout Friday on strong volume. $18 is the next key level to watch on the upside.
( click to enlarge )Quorum Health Corp (NYSE:QHC) looks like a stock that is buyable on any pullback to the pivot. Nice gap to fill.
( click to enlarge )First Solar, Inc. (NASDAQ:FSLR) Nice breakout on strong volume. There is a good chance the stock will continue to move up next week.
( click to enlarge )Synacor Inc (NASDAQ:SYNC) is still trading sideways. Its technical indicators are showing positive signal and its price bars are trading above the major short-term EMAs. Flagging here. May run higher, keep on watch.
( click to enlarge )Gastar Exploration Inc (NYSEMKT:GST) Potential reversal trend. Momentum is coming back to this name. Might be worth watching for a new move to the upside.
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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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