Friday, October 16, 2015

3 Stocks to Watch: $AMAT, $AQXP, $CJES


Applied Materials, Inc. (NASDAQ:AMAT) Daily technical chart is showing some bullish signals in its early stage. The MACD-histogram has been sloping up, MFI and RSI are both rising, indicating bullishness. A break and close above the 50-day EMA should open the way to $17. Im Long.


Aquinox Pharmaceuticals Inc (NASDAQ:AQXP) had a great move on the upside today and closed at $15.77. The stock is setting up to break out and has one more level to go, which is $16.30. This strength is confirmed by price movement as well as two momentum indicators, the MACD and RSI. If it breaks the key resistance level, we could see 20 quickly.


C&J Energy Services, Ltd. (NYSE:CJES) has recovered nicely and can potentially set-up very well for a swing-trade if the stock breaks through the resistance level at $5.71. Technical indicators are becoming more favorable with MACD crossing above the zero line and RSI starting to turn up. There could be good upside in this trade, so watch the stock closely on Friday.

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