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ZIOPHARM Oncology Inc.(NASDAQ:ZIOP)
is a very interesting stock that had a big move this year. It has been
in a bullish consolidation over the last two months and the
consolidation has taken the form of a wedge or triangle with higher
lows. A positive divergence is setting up between price and the MACD
histogram (Bullish). Breakout watch over $10
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Hemispherx BioPharma, Inc
(NYSEMKT:HEB) has already started its uptrend and I believe the momentum
is pushing for a breakout. The stock has recently witnessed growing
volume levels. A break through 28c could lead to a target area of
33-35c. This play is clearly on the move.
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Wendys Co (NASDAQ:WEN) has started
to bounce and broke out of a descending channel today on above average
volume. The stock seems to be ready for another run up. Some technicals
are turning up here. Further strength above 11.44 opens the door to new
highs.
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IAC/InterActiveCorp (NASDAQ:IACI)
finally broke above key resistance in today's trading session after a
period of consolidation. I like this stock and will be watching it again
on Thursday, expecting to see a continuation move. Resistance for
tomorrow is $74.04, which was today's high.
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