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Stocks to Watch for January 07, 2019

Saturday, January 5, 2019 6:46

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Happy 2019 everyone!

I hope you have had a great holidays season! I wish you all a blessed year, both in your work and personal life.

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Advanced Micro Devices, Inc. (NASDAQ: AMD) had a great move on the upside Friday and closed at $19, up 1.95. The stock is setting up to break out and has one more level to go, which is the EMA200 at $19.24. Watch the stock on Monday, because once it breaks through, it will run fast.

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Apple Inc. (NASDAQ: AAPL) bounced strongly on Friday and a rally to over $154 is highly expected next week to fill the gap. The daily RSI indicator has also bounced from its extreme oversold zone, and this confirms that the current upward move is backed by some momentum. On watch.

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Altimmune Inc (NASDAQ: ALT) this spec play is back on my list for next week. The stock has been witnessing buying power enter the stock and could witness a Major Breakout Opportunity. Resistance is now $2.73. This stock has a history of making crazy moves after breaking resistances. Keep your monitor locked on ALT since it is ready to make that move.

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ShiftPixy Inc (NASDAQ: PIXY) Keep a close watch on PIXY since, in my opinion, share prices are attractive at these levels and the technical setup looks very promising for a big bounce. MACD Histogram has been rising and is on the verge of breaking the power zone (Positive Bullish Divergence). This beaten-down stock is ready to rebound.

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CHF Solutions Inc (NASDAQ: CHFS) another spec play that caught my attention last week. This R/S play has now just 400k shares float and made a strong upside move on Friday, after has been consolidating at lows for the past five days. Friday’s high was $8.5, which is too close to the natural resistance around its declining EMA20. Although the moving average remains weak, as soon as there’s any breakout above it we should see a lot more buyers coming. This stock can move very quickly, so keep it on your screen for next week. Everything is possible here. Play small and safe. Im long.

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CorMedix Inc. (NYSEAMERICAN: CRMD) finally broke out and made a nice move today. I’m watching the stock for a continuation move next week. MOT is back to bull market rally with MACD on top of 0 and RSI above 50% level. The stock has good upside potential here for a run to $2.4 again, so keep watching the stock for further moves.

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Cool Holdings Inc (NASDAQ: AWSM) looks to have found bottom here, as the stock closed above $1.83 on Friday’s session. The high of the day was $1.91, which is resistance for Monday’s move. If the stock can break through resistance, further upside may be possible, and would signal a change in trend from down to up.

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General Electric Company (NYSE: GE) has broken out from a major resistance line as it closed the week at $8.23 per share. GE had taken out its 20-day EMA at 7.62 on Wednesday and we may possibly be seeing the price heading towards the $9 resistance next week.

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Laredo Petroleum Inc (NYSE: LPI) has been on a nice up move recently and looks like it wants to go higher. The stock hit a high of $4.04, which is resistance for Monday’s move. I expect to see the buying again, so keep a close eye on it.

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/2019/01/stocks-to-watch-for-january-07-2019.html

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