ARWR
Arrowhead Research’s Calando Pharmaceuticals subsidiary is in Phase I trials with a cancer treatment mechanism but it is years away from commercialization yet it holds great promise. This stock has considerable risk of delisting. The stock has doubled and now is in contraction with volume decreasing slowly. I would wait for stock to finish consolidation [...]
AK Steel
Stock likely to break new $25.28 and test last high of $26.47. MACD seems to support this prediction. Once moving average 13,26D turns up convincing, stock should run.
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Dow Jones
Dow Jones has broken through previous high of 10728 and continue its advance last week. However, last two session seems to indicate that the Dow is having difficulty to breakthrough as evident from the Doji formation on two consecutive session. MACD and Acc/Dist also shows some signs of weakening but the index is still [...]
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YRCW
A reversal play. This stock has been on a long term down trend from $6. However, yesterday high volume signal a imminent reversal. Trade on a pullback and wait for moving average to get in line before stock will move up slowly.. However, this stock is just doing a reversal, so i don expect a [...]
China Automotive Systems Inc ( CAAS)
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<a href=”http://www.bidvertiser.com/bdv/BidVertiser/bdv_advertiser.dbm” mce_href=”http://www.bidvertiser.com/bdv/BidVertiser/bdv_advertiser.dbm”>marketing</a>
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Obviously technology stocks is back in play again as evident from recent breakout of all the RIMM, APPL and SNDK. Currently, SNDK is consolidating after a recent run-up. I would look for a trend continuation when the stock retest $29 again which is the support on the uptrend line.
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Dow Jones
Dow Jones has made a spectacular and non stop recovery since its February low from 9927 point to the current 10790 point. On Thursday, the index broke through January high of 10736 point but friday’s black spinning top candlestick formation suggest that a correction may be on the card. RSI is heavily overbought and [...]
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