Monday, June 22, 2015

Stocks To Watch: ISIL, CBAY, HDS, FB

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Intersil Corp (NASDAQ:ISIL) broke the downtrend line last week on decent volume and looks like it is taking a little breather here before moving back above the $13.70 zone which would be the next buy point. If momentum continues as I expect next week, I think there are lot of profits left on the table for traders to capitalize on. Options traders are buying calls. A quick look at the technical daily chart : 

1) MACD lines are going up 
2) RSI still above the neutral 50 level at 54, buyers strength still persists. 
3) CMF is positive 
4) The +DI crossed up through the -DI las week - Bullish. 
5) OBV still climbing. 
6) The accumulation/distribution indicator shows the stock is under strong accumulation 

Honestly speaking, there is some upside potential, which makes it worth watching for the next few days. Keep watching the stock.

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CymaBay Therapeutics Inc (NASDAQ:CBAY) formed a bullish candle on the daily technical chart and reversed higher on solid volume from the key long-term support level. The stock is on the cusp of a move higher that could take it to the 100-day EMA at 4.20 pretty easily.

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HD Supply Holdings Inc (NASDAQ:HDS) tagged a new 52-week high on Friday but closed poorly. Shareholders may remain invested with a stop-loss at $33.80 (20EMA).

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Facebook Inc (NASDAQ:FB) has been consolidating the past few days and just recently started inching above most of the consolidation zone. Volume is starting to pick up and there could be a decent short squeeze if it clears the 83.20 level. On watch.
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