Sunedison Inc (NYSE:SUNE) On a daily
basis the stock price has moved out of oversold territory and the
bounce is gaining momentum for a run up to $13.23, where its 20-day EMA
is poised and also some previous price support levels. All technicals
are pointing in a positive direction. The MACD and CMF are gaining
momentum although in negative area. The stock is likely to make more
gains in the coming week.
Peabody Energy Corporation
(NYSE:BTU) is forming a potential cup with handle bottom pattern
(bullish formation) with a neckline at 2.74. The stock has found support
on its 9-day EMA over the last couple of days and a bullish candle was
added on Friday after a healthy pullback. In addition, we saw bullish
options activity with buyers of the Dec 4 calls. Keep this stock on your
watch list on Tuesday.
OHR Pharmaceutical Inc (NASDAQ:OHRP)
after consolidating during the past week the stock closed on last
Friday near the top of the range with moderate volumes gaining about
2.50%, indicating accumulation of the stock at current levels. It
appears to be ready to make a significant move higher. 2.98 is the level
to watch for a breakout. Keep it on your radar screen because the
technical chart looks very bullish to me and looks in the verge of a
breakout. Analysts are also very positive on the stock. Check this out: Analysts Bullish on OHR Pharma Amid Positive Study
Micron Technology, Inc. (NASDAQ:MU)
attempted to close above the $17 level on Friday but did not succeed. A
breakout from this short-term sideways zone will give an excellent
opportunity for traders to pick up long positions. Considering the
strong momentum over the past week, I think the stock looks set to break
higher. Keep this stock in your radar list.
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Juno Therapeutics Inc (NASDAQ:JUNO)
closed the day on Friday gaining nearly 3% on solid volume. The stock
has started to bounce and seems to be ready for a run up. Some
technicals are turning up here and the MACD finally triggered the buy
signal indicating that an upward cycle has begun. Further strength
above 37.7 opens the door to 40. Put her on your radar.
ZIOPHARM Oncology Inc. (NASDAQ:ZIOP)
had a nice rebound recently and has been consolidating here. The stock
is displaying upside momentum again and is poised to move higher from
these levels IMHO. Nearest resistance is at $9.33 (200EMA). If this key
level is crossed and the stock is able to sustain above this level, then
it might go to $10 in short-term. On the technical side, MACD gave a
buy signal and RSI has been ticking higher. There could be good upside
in this trade, so watch the stock closely next week. Stop 8.40
Rambus Inc. (NASDAQ:RMBS) is slowly
recovering. The $14 area is a critical resistance region that can
determine overall bias for the stock in medium-term. A move above this
key level would confirm the breakout (DT line), with an initial target
of 14.75 and secondary target of 15.50. Stop is at 12.82
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