Friday, July 10, 2015

Stocks To Watch: APOL, XOMA, ACUR

Apollo Education Group Inc (NASDAQ:APOL) Nice candle today on decent volume. Nice gap to fill if it can break through resistance. The RSI bounced off oversold level. Long setup on watch.

XOMA Corp (NASDAQ:XOMA) broke out above its major resistance line on expanding volume. This momentum could push this stock much higher from here. Next resistance is now seen at $5

Acura Pharmaceuticals, Inc. (NASDAQ:ACUR) closed up on Thursday and should continue higher on Friday. Sabby Management has reported a 7.9% stake in the company. The major resistance resides around the $1 price region. Only a close above this level would suggest further upside.

Trade of the Day: AAPL Stock Buy Under Lowered to $115

Apple Inc. (AAPL) — I last covered AAPL stock in the Trade of the Day on June 30, but recent news and price action warrant an update.
Despite its dominant position in the tech world and high customer satisfaction ratings, the company’s newest product, the Apple Watch, appears to be bombing. According to a MarketWatch article, “Data released over the past few weeks have painted an ugly picture of the Apple Watch’s initial months.”
In early July, research firm Pacific Crest said demand for the gadget appeared to be “slowing quickly.” Its analysts reduced their unit sales estimate for fiscal 2015 by 500,000 to 10.5 million and cut their fiscal 2016 estimate by 3 million to 21 million watches. (more)

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Intel Corporation (NASDAQ: INTC)

Intel Corporation designs, manufactures, and sells integrated digital technology platforms worldwide. It operates through PC Client Group, Data Center Group, Internet of Things Group, Mobile and Communications Group, Software and Services, and All Other segments. The company’s platforms are used in various computing applications comprising notebooks, desktops, servers, tablets, smartphones, wireless and wired connectivity products, wearables, transportation systems, and retail devices. It offers microprocessors that processes system data and controls other devices in the system; chipsets, which send data between the microprocessor and input, display, and storage devices, such as keyboard, mouse, monitor, hard drive or solid-state drive, and optical disc drives; system-on-chip products that integrate its central processing units with other system components onto a single chip; and wired network connectivity products.
Take a look at the 2-year chart of Intel (Nasdaq: INTC) below with my added notations:
2-year chart of Intel (Nasdaq: INTC)
Over the past year INTC has created a key trendline of support (green) at $29. That line is also the “neckline” for the stock’s head and shoulders (H&S) reversal pattern. Above the neckline you will notice the H&S pattern itself (red). Confirmation of the H&S would occur if INTC breaks its support, lower prices would be expected from there.

The Tale of the Tape: INTC has formed a head & shoulders pattern. A long trade could be made at $29 with a stop placed below that level, but ideally, the pattern implies a short trade to be entered on a break below that level instead.
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Crude Prices Likely to Crash? Chris Vermeulen

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