( click to enlarge )
ZIOPHARM Oncology Inc.(NASDAQ:ZIOP)
which has been trading in a falling wedge pattern for three weeks, broke
out above the upper line and 50EMA today with a gain of 97 cents to
10.50. The move confirms the stock's reversal. Daily technical
indicators such as MACD and CMF are also confirming the bullish price
action. ZIOP is a short squeeze candidate, with a short float at 35%
(equivalent to 11 days of average volume).
( click to enlarge )
The short-term outlook for Incontact
Inc (NASDAQ:SAAS) looks promising from a technical point of view. Stock
broke out of its falling wedge pattern on relatively high volume, and
the breakout was accompanied by a bullish MACD crossover. Based on
today's action, I expect to see the stock move up in the next coming
days. Next major resistance lies at 11.60. Long setup.
( click to enlarge )
Gevo, Inc. (NASDAQ:GEVO) traded
massive volume on Friday and surged 122%. I will watch the stock
tomorrow for a follow through move and have set resistance at $6.13
(200EMA).
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Twitter Inc (NYSE:TWTR) daily
technical chart seems to have bottomed for now. The RSI is trying to
move up from the oversold zone while the MACD and CMF are starting to
turn up, signaling that a bounce is likely.
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