Friday, May 15, 2015

Stocks To Watch: EYES, ANDY, OC, BBRY, AAPL

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Second Sight Medical Products Inc (NASDAQ:EYES) finally broke the upper line of this falling wedge displayed on the daily technical chart and started the new uptrend which should take it to $15 in the short-term. On the technical side, MACD and ADX all point to upward trend while RSI is also rising.

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Andersons Inc (NASDAQ:ANDE) price has had a hard time with this key resistance line (EMA100) but may be ready to move higher. According to Reuters, Richardson International is believed to be interested in Andersons. Check this out : Canada grain handler Richardson targets U.S. acquisitions. Keep it on your screen on Friday.

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Owens Corning (NYSE:OC) displayed some relative strength today. It may be ready to break out of this small flag consolidation. Trajectories of momentum indicators are turning up again.

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BlackBerry Ltd (NASDAQ:BBRY) is building a nice optimistic formation under resistance at $10.50. Watch for a break through that price level on volume to indicate that another push higher will occur.

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Apple Inc. (NASDAQ:AAPL) is quietly gaining momentum. Thursday's action suggested that there is more room for the uptrend to grow on stock. A sustained break of $130 should bring the stock price to a test of the recent highs in the $134 area.
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Under Armour (NYSE: UA) Chart Says Sell

Under Armour (NYSE: UA), a maker and marketer of performance apparel and accessories. It looks exceptionally weak on the charts following last month's downside break of both its short-term trendline and 50-day moving average.

On April 20, the day before the company's Q1 earnings announcement, the stock jumped over 3% in anticipation of the report. But then weak results sent shares tumbling 4.8% on exceptionally heavy volume after the news was released.

UA already sported waning momentum in the daily time frame, but with the new high pre-earnings and ensuing sell-off, it also formed a weekly reversal bar.

Cumulative volume continues to fall, and the path of least resistance is now down. For trend followers, that means an opportunity to ride the stock lower, perhaps to the 200-day moving average and intermediate-term trendline near $71, roughly 9% below the current price. However, there is no solid support for several points below that, so UA could fall even further.

Recommended Trade Setup:

-- Sell UA short at the market price
-- Set stop-loss at $81
-- Set initial price target at $71 for a potential 9% gain in four weeks
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American Airlines Group Inc (NASDAQ: AAL)

American Airlines Group Inc., through its subsidiaries, operates in the airline industry. As of December 31, 2014, the company operated 983 mainline jets, as well as 566 regional aircrafts through regional airline subsidiaries and third-party regional carriers. It serves 339 destinations in 54 countries. The company was formerly known as AMR Corporation and changed its name to American Airlines Group Inc. in December 2013. American Airlines Group Inc. was founded in 1934 and is headquartered in Fort Worth, Texas.
Take a look at the 1-year chart of American (NASDAQ: AAL) with the added notations:
1-year chart of American (NASDAQ: AAL)
AAL shot higher off of its October low. Once the stock peaked, the last 4 or 5 months found AAL hitting support at $46 (green). Now that the stock looks like it may be falling down to that support level again, traders should be able to expect some sort of bounce. However, if the $46 support were to break, lower prices should follow.

The Tale of the Tape: AAL has a key level of support at $46. A trader could enter a long position at $46 with a stop placed under the level. If the stock were to break below the support a short position could be entered instead.
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Stock Alert QKL Stores (NASDAQ: QKLS)‏

We have a small cap earnings alert for (NASDAQ: QKLS) Friday. We have been watching this one for a few months. QKLS has revenue in excess of $180.00/share.

QKL Stores Inc. (NASDAQ: QKLS)
Last close $3.10/share
Full report as promised in our mid-day watch today

  • Annual revenue $274M
  • Revenue per share $180.00
  • Shares outstanding 1.52M
  • Float 577K
  • Held by insiders 52.3%
  • Held by institutions 13.1%
  • Cash on hand $13.89M
  • Total cash per share $9.12
  • Book value per share $18.02

Earnings to be announced first quarter 2015, Friday May 15th, 2015

Total of 27% of the float is held by institutions and mutual funds.

OKLS EPS growth of 125% for the trailing 12 months

52 week high of $4.19 could easily be broken Friday.Please share this article