3D Systems Corporation (NYSE:DDD)
has been in a two-week bullish flag formation off its sharp rebound
rally in the first days of August. A break of the flag pattern to the
upside targets a move to the 15.5 to 16 area. The climbing MACD is
supporting a bullis trend. From the insider transactions, the Director
of the company is very bullish as he purchsed total of 25000 shares in
the past week between $13.93 and $14.20 per share. In addition the short
interest has decreased by 5% recently. The huge short interest could
fuel some big spikes higher soon, so watch for a potential breakout
attempt.
Vringo, Inc. (NASDAQ:VRNG) after a
big surge in price and volume in the second half of July, has
consolidated for the last two weeks in a bullish flag formation. If a
breakout above that key resistance level occurs in the next couple days,
we could see the stock next reach the 90-95c area.
OHR Pharmaceutical Inc (NASDAQ:OHRP)
According to the 13-F filed by the billionaire financier George Soros
on Friday, he initiated a new position in the company (12100 shares).
Although the amount of shares added was relatively small, we dont know
if he has been buying more in the recent days, so we should be prepared
for a big move on Monday. Historically, the stock has made strong moves
upwards on news, past performance is not always a guarantee of future
performance, but we could learn from how the stock has reacted in the
past. The month of July and the reaction in after-hours was a good
example. Hence, I believe the stock has strong potential to experience
extreme appreciation in the near-term. Major resistance lies at 4.34
Shares of PrimaBiomed Ltd.
(NASDAQ:PBMD) soared 44% or 44 cents to $1.44 per share on Friday's
trading session breaking out the downtrend line that has formed since
June on heavy volume. The uptrend is strong based upon the MACD reading
and the ADX line. The key resistance level to watch next week is at 1.80
above this level could test 2.40 next.
FibroGen Inc (NASDAQ:FGEN) Nice breakout on high volume. There is a good chance the stock will continue to move up.
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