Thursday, July 23, 2015

Stocks To Watch: SCON, ESI, JUNO, PLUG


Superconductor Technologies, Inc. (NASDAQ:SCON) has been under accumulation for a couple days now. Look at the 3 big volume days. That's serious accumulation.The daily technical chart shows a very bullish sign as the stock is back on top of 50 day exp moving average. For now, expect a run up to next resistance area around $1.65. If the stock is able to cross it and sustain above it, then it might go to $1.73 ( 200EMA ). Support lies around $1.11.

Shares of ITT Educational Services, Inc. (NYSE:ESI) are starting to heat up and are worth watching. If volume can pick up I think this stock can break through resistance at $5.15 and re-test its recent highs around $6.62.


If Juno Therapeutics Inc (NASDAQ:JUNO) can break out above $55 with heavy volume, I think the stock could shoot up to test the $60 area. There looks to be good upside potential, so watch the stock very closely on Thursday.


Keep an eye on Plug Power Inc (NASDAQ:PLUG) and monitor its volume, MACD and RSI for any potential breakouts. If the stock can manage a close above its psychological resistance level at $2.52 (50EMA) on high volume, it would be a great buying opportunity. Over the past month, Plug Power Inc (NASDAQ:PLUG) saw its short interest decrease by 2%.

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