Wednesday, June 17, 2015

Stocks to Watch: EYES, WIFI, VLTC

The daily technical chart of Second Sight Medical Products Inc (NASDAQ:EYES) suggests that the stock could be on the verge of breaking out from a three-month Cup with Handle formation. This is a bullish pattern and once price breaks out of the neckline, it would give a target of around $20. Technically speaking, the stock is showing some strength along with the momentum. Adding to my conviction is that the stock continues to trade above all the exp moving averages and specially the ever critical 200-EMA which is now located at 12.92. Long setup on watch.

Boingo Wireless Inc (NASDAQ:WIFI) had a nice surge a few weeks ago and has been in the process of consolidating. Breakout over $9.20 for a daytrade.

Voltari Corp (NASDAQ:VLTC) Ready for a big move. MACD indicator began showing signs of reversal, and a break above resistance at 7.50 would open the door for a rally to test the recent highs.
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