Kite Pharma Inc (NASDAQ:KITE) on my swing long list. The stock finally closed the week above the downtrend line that had been in place since January. Good upside volume on the daily chart. Breakout above 66.50 is expected to trigger fresh uptrend and immediate resistance at 77.
ZIOPHARM Oncology Inc. (NASDAQ:ZIOP) continued its sideways movement this week and tested the bottom of 11.10 levels again. Now, on the downside 11 is immediate support zone for next week. The daily technical indicators are displaying negative divergence, indicating that the medium-term trend is under threat. The current uptrend will continue until the stock is trading above trend reversal level of 10.74.
Twitter Inc (NYSE:TWTR) looks to be setting up for an upside move, as the price has held up well the past few sessions.I remain short-term bullish but I hesitate to suggest new positions with the market looking vulnerable. At this point, and given the current stock levels, it is important for it to break 36.42 level soon. The trend is expected to be up till trend reversal level of 35 is intact on closing basis. Plus, the stock closed the week above its 9 & 13 exp moving averages, giving it even a more bullish set up.
eBay Inc (NASDAQ:EBAY) Rally continued for 3rd consecutive session. The stock is showing signs of an upcoming breakout as price action and volume are making some bull signals. Waiting for a break above the 62.39 for a long position. Short-term price target after the break is 63.30.
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