ITT Educational Services, Inc. (NYSE:ESI) traded nicely today and I am looking for continuation of the upward direction tomorrow. This stock is a short squeeze candidate, with a short float at 65% equivalent to 9 days of average volume. From a technical standpoint, the daily technical chart shows that the stock is in a rally as %K line is rising on top of %D line as the price is back above the short-term EMAs. The MACD is turning up. The RSI is also rising along with the rise in volumes, which indicates buying interest in the stock. In addition, the stock seems to have broken out on the upside from a falling wedge pattern and probably might target its 100-day EMA in short-term around $5.25 or so. Can get interesting. Keep close eye on this one for a major rally to the upside.
SanDisk Corporation (NASDAQ:SNDK) The technical indicator MACD is starting to look like it may cross very soon, which indicates momentum is shifting towards the upside. Keep this on your watchlist. Im long.
Prima Biomed Ltd. (NASDAQ:PBMD) looks about ready to pop here! The price needs to break today's high of $1.64 to expect a strong rally at this point.
BlackBerry Ltd (NASDAQ:BBRY) As you know, I like this stock for a long-term hold. It's part of my portfolio and I intend to stay with it. Calling the bottom is always difficult, but based on the daily technical chart above we might have seen the bottom. It's noteworthy that the MACD has finally crossed over and %K line has just crossed on top over %D line showing buy signal. Resistance stays at $8, which is a big area that the stock needs to break. Watch BBRY again on Thursday, and once it breaks resistance we should see a strong upside move. You should keep this stock on your screen radar.
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