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My Watchlist for Friday, November 11

Thursday, November 10, 2016 16:03
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Ocean Power Technologies Inc (NASDAQ:OPTT) had a big pop on Thursday and the stock price finally broke out of a base pattern that has been forming since the beginning of the month, and it was with an increase in volume, which shows us there are buyers in the stock. The technical daily chart appears to be bottoming. I feel that this stock can easily run to 3.6′s in the near term due to its low float.

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Dicerna Pharmaceuticals Inc (NASDAQ:DRNA) broke out of the downtrend channel that has been in effect since the beginning of October. The breakout looks real good, and i think we could see significantly more upside at this stage. Good technical and decent fundamentals. DRNA is worth a close look.

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IntelliPharmaCeutics Intl Inc (NASDAQ:IPCI) Volume starts to pick up again. Could make a nice move to the upside. A break of $2.90 with force might give the stock room to $3.20 initially then 3.33. Keep it on your watch list.

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Trillium Therapeutics Inc. (NASDAQ:TRIL) was added to my watchlist recently as a possible bottom bounce-play. The technical daily chart is displaying positive divergences on momentum indicators and with the stock in oversold territory, these are the perfect conditions for a short-term rally. The RSI has reversed the course and stock finally closed above the $7.50 level, a Bullish signal. If it breaks the 8.40 level, we could see a nice squeeze here.

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I’ve alerted my readers about the potential upside movement in ZIOPHARM Oncology Inc.(NASDAQ:ZIOP) shares recently and today stock has come up to my expectations as it broke and closed above the major horizontal resistance line of 6.25. If you are on board, there is nothing more to do but enjoy the ride.

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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.

Thanks for visiting AC Investor Blog.



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