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Domo Inc (NASDAQ: DOMO) had a strong surge on big volume Friday. Watch for a follow-through day and be sure to set a stop just below the EMA50.
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Uxin Ltd (NASDAQ: UXIN) has been in a strong upwards trend the past few days. The technical chart suggests that stock might find now resistance at $5. Only a close above this level would suggest further upside.
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Things are now beginning to turn in favor of Bulls again. Momenta Pharmaceuticals, Inc. (NASDAQ: MNTA) could breakout again at any moment. Just look at the way it broke out of its 20-day EMA on strong volume. The trend is definitely your friend. The MACD also confirms the recent jump and RSI shows that there is more upside to come. MNTA should be watched closely.
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Immune Design Corp (NASDAQ: IMDZ) is very bullish with a lot of hot indicators showing up. The slope of the recent upward move is very steep accompanied by increasing volume. This momentum could push this stock much higher from here, so keep it on the radar next week. From a technical standpoint, buy the dips.
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Clovis Oncology Inc (NASDAQ: CLVS) Nice price movement on solid volume. Next buy when clears 22.5 on heavy volume.
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Oncomed Pharmaceuticals Inc (NASDAQ: OMED) Strong volume last week around the $1 area, which could be a good signal of capitulation. The stock was over $1.9 last month and closed Friday at 98c. We could see a sharp rally out of these oversold conditions. I bot a few shares and im looking for a possible short-term bounce to 1.4-1.5 zone
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Pernix Therapeutics Holdings Inc (NASDAQ: PTX) With the stock experiencing high volatility and uncertainty this area offers an excellent opportunity for swing traders. PTX went as high as $1.14 before falling to a low of 36c in just two sessions. I also bot this one on Friday, looking for a short-term bounce to 58/60c.
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Second Sight Medical Products Inc (NASDAQ: EYES) Very strong bullish engulfing candle on hourly chart accompanied with volume. The stock closed near the highs of the day as well, which is very positive. Next resistance is now seen at 1.14 then 1.28
During the day I tweet many times to my readers. I encourage everybody to subscribe AC Investor Blog twitter and newsletter, so you can receive my trade ideas and stock news in real time.
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/2018/12/stocks-to-watch-for-december-10-2018.html
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