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XOMA Corp (NASDAQ:XOMA) has already
recouped its recent losses and looks poised to break resistance at
$3.99. The near-term outlook stays cautious till the stock closes
conclusively above this zone. So far the technical daily chart is still
showing buy signal with stock trading above all short-term EMAs with
MACD on top of signal line and RSI above its 50% level. In addition, we
are seing some serious upside volume coming into this stock over the
last few days. Short-term traders can hold their longs with a stop at
$3.45
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BlackBerry Ltd (NASDAQ:BBRY)
finished the session with a gain of 58 cents, or 5.92%, on
higher-than-average volume, closing near the session high. This is a
clear indication that current momentum could continue in the next few
trading days toward the 11-11.2 area. Watch BBRY trade tomorrow since
the stock has solid fundamentals and technicals suggesting that share
prices could be continue on an upwards path, especially in the
near-term.
( click to enlarge )
Cyberark Software Ltd (NASDAQ:CYBR)
may test key support (50EMA) in the low $60s. The short-term exponential
moving averages are starting to turn down and we are close to getting a
bearish cross. In addition, the MACD is displaying a negative
divergence and RSI is slipping in the neutral.
( click to enlarge )
Oclaro, Inc. (NASDAQ:OCLR) continues
to hold the 100 and 200-day EMAs which is very bullish. I expect the
stock to test the $2 level soon. A close over this level would be
bullish and I'd expect the stock to run to $2.20.
( click to enlarge )
Cerus Corporation (NASDAQ:CERS)
broke out above the 4.70 resistance level on decent volume today. I like
the idea of getting long here with a stop below the 50-day EMA.
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