Thursday, April 16, 2015

Stocks To Watch: ROSG, SONS, DRYS, EYES, FSLR, BBRY

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Shares of Rosetta Genomics Ltd. (NASDAQ:ROSG) skyrocketted 14% with heavy volume to $3.7 per share following a report from Zacks Small Cap Research announcing a price target of $13. They have maintained the BUY rating but raised their price target on the company 30% to $13 per share from previous $10.50 per share due to the acquisition of PersonalizeDx. With daily technical chart showing strength as MACD is above signal and RSI above 50, we could see the stock keep going strong for a while. If momentum continues as I expect tomorrow, I believe there are lot of profits left on the table for investors to capitalize on.

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Sonus Networks, Inc. (NASDAQ:SONS) Stock confirmed today my previous analyse and the bounce looks to have just started. Based on the daily technical chart above, this stock has declined to the point of becoming a good bottom play, at least a 15-20% bounce in my opinion. Today's volume and buying action, seems to support this view.

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DryShips Inc.(NASDAQ:DRYS) Daily technical chart seems to have bottomed for now. The RSI is trying to move up from the bearish zone while the MACD and CMF are showing a positive divergence, signaling that a bounce is likely. DRYS is a risky stock but currently presents an interesting opportunity.

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Second Sight Medical Products Inc (NASDAQ:EYES) keeping my bullish bias despite the volatility. The stock has held support around the short-term EMAs and is displaying a screaming buy divergence on the upside. With 20-day EMA on top over 50-day EMA, MACD above 0 and RSI above 50% level, the stock is currently in a short-term uptrend. Levels to watch $15.60 and then $17.62

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First Solar, Inc. (NASDAQ:FSLR) broke above resistance in today's trading session on solid volume after a period of consolidation. I still like this stock and will be watching it again tomorrow, expecting to see a continuation move.

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BlackBerry Ltd (NASDAQ:BBRY) displayed relative strength today closing above its major EMAs. The stock is regaining momentum with daily MACD back above its signal line and moving up in positive territory. Long setup.
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