Thursday, May 7, 2015

Stocks To Watch: ZIOP, HEB, WEN, IACI, SABR, SBNY

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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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Sabre Corp (NASDAQ:SABR) Flagging for a move higher. Watch for a break over 26.04 on volume.

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Signature Bank (NASDAQ:SBNY) had good volume and a nice candlestick today. Daily technical indicators are bullish. Watch for break above 138.17 on vlm and go long.

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