Tuesday, October 6, 2015

Stocks To Watch: $X, $RBCN, $VVUS, $AERI

United States Steel Corporation (NYSE:X) finally rebounded on heavy volume. This could be the start of a trend reversal for the stock, which is why I will be watching again the stock on Tuesday. Next resistance is $11.59, which was Monday’s high of the day. If the stock breaks through, there is a good chance you will see a strong upside move, so watch the stock very closely tomorrow. Plus, MACD triggered a bullish crossover.

Rubicon Technology, Inc. (NASDAQ:RBCN) might be close to squeezing some shorts based on the recent price action. The stock is on the verge of breaking out of a base formation and it could happen tomorrow. Once it breaks $1.08, jump in and watch RBCN take off. The stock is now trading significantly below cash and book value. With an improving RSI and a bullish stochastic crossover, I have a feeling that it will break higher shortly.

VIVUS, Inc. (NASDAQ:VVUS) daily chart is very promising. The stock coube be gaining momentum to break to the upside. Keep an eye for a possible breakout over $1.77

Aerie Pharmaceuticals Inc (NASDAQ:AERI) surged in the final hour of trading and closed back over the 200-day exponential moving average, which is very bullish for an upside move. Keep a close eye on AERI for Tuesday.

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