Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By AC Investor Blog (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

My Watchlist for Monday, October 10

% of readers think this story is Fact. Add your two cents.


( click to enlarge )

IntelliPharmaCeutics Intl Inc (NASDAQ:IPCI) The company on Friday received tentative approval from the U.S. FDA for the Company’s abbreviated new drug application for quetiapine fumarate extended-release tablets in the 50, 150, 200, 300 and 400 mg strengths. This press release was announced after the markets closed. In after-hours trading, the stock closed with a gain of 50% at 3.57. It will be interesting to see pre market on Monday how it starts out. On the long-time frame above, you can see the pivot resistance points. I mentioned several times on twitter that IntelliPharmaCeutic was looking constructive from a technical standpoint, with the A/D indicator (accumulation/distribution line) showing clear signs of accumulation. A huge congratulation’s to you, if you paid attention to my alerts on IPCI, as you are probably sitting on same pretty hefty gains at the moment. I will use the pivot resistance points and the price targets of analysts to determine my exit strategy. To receive my alerts before the crowd follow me on twitter.

( click to enlarge )

Tokai Pharmaceuticals Inc (NASDAQ:TKAI) is another stock I have mentioned a few times in the past few weeks showing steady accumulation on charts. I believe things will heat up this month and have based my bullish position on the following factors:

- My system detected unusual call buying in the Oct/Nov 5 and 7.5 calls respectively last month
- Steady accumulation on charts – All short-term EMAs are now rising.
- The company is trading below cash per share.
- It recently broke a bullish flag higher, so a new leg up could possibly be a measured move of that same extent, as chart shows. At this point I see another potential major rally right around the corner.
- Most importantly, on September 8th, the company announced that its Board of Directors has initiated a review of strategic alternatives for the company focused on maximizing stockholder value. 

As i said several times on twitter, I still holding my shares because i do think it could reach the $2 price level or more in the coming sessions. Be sure to get it on your radars. Im long and I have a stop located at 1.24

( click to enlarge )

Adverum Biotechnologies Inc (NASDAQ:ADVM) During mid-Sept, the price broke out of the key resistance line on high volume and back tested the downtrend line Friday on very low volume. The stock already has a robust set of technicals, including a strong accumulation on charts and has a strong cash-position (>$5.9 per share). I believe this stock could stage a strong bounce off this area of support.

( click to enlarge )

I am also eyeing ACADIA Pharmaceuticals Inc. (NASDAQ:ACAD) as a potential bounce play next week. We could see a strong bounce off these lows up towards 30 over the next few sessions due to its extreme oversold state.

( click to enlarge )

I detected unusual call volume in DHT Holdings Inc (NYSE:DHT) on Friday. Watch this stock if it breaks next week above the 4.57 price level. It’s a short-squeeze candidate.

If you want to contact me for advertising opportunities on blog or twitter, then get in touch via email


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


Source: http://ac-investor.blogspot.com/2016/10/my-watchlist-for-monday-october-10.html



Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover -  Reduces Smart Meter radiation by 96%! (See Video).

Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.