Monday, August 17, 2015

Stocks To Watch: DDD, VRNG, OHRP, PBMD, FGEN

3D Systems Corporation (NYSE:DDD) has been in a two-week bullish flag formation off its sharp rebound rally in the first days of August. A break of the flag pattern to the upside targets a move to the 15.5 to 16 area. The climbing MACD is supporting a bullis trend. From the insider transactions, the Director of the company is very bullish as he purchsed total of 25000 shares in the past week between $13.93 and $14.20 per share. In addition the short interest has decreased by 5% recently. The huge short interest could fuel some big spikes higher soon, so watch for a potential breakout attempt.

Vringo, Inc. (NASDAQ:VRNG) after a big surge in price and volume in the second half of July, has consolidated for the last two weeks in a bullish flag formation. If a breakout above that key resistance level occurs in the next couple days, we could see the stock next reach the 90-95c area.

OHR Pharmaceutical Inc (NASDAQ:OHRP) According to the 13-F filed by the billionaire financier George Soros on Friday, he initiated a new position in the company (12100 shares). Although the amount of shares added was relatively small, we dont know if he has been buying more in the recent days, so we should be prepared for a big move on Monday. Historically, the stock has made strong moves upwards on news, past performance is not always a guarantee of future performance, but we could learn from how the stock has reacted in the past. The month of July and the reaction in after-hours was a good example. Hence, I believe the stock has strong potential to experience extreme appreciation in the near-term. Major resistance lies at 4.34

Shares of PrimaBiomed Ltd. (NASDAQ:PBMD) soared 44% or 44 cents to $1.44 per share on Friday's trading session breaking out the downtrend line that has formed since June on heavy volume. The uptrend is strong based upon the MACD reading and the ADX line. The key resistance level to watch next week is at 1.80 above this level could test 2.40 next.

FibroGen Inc (NASDAQ:FGEN) Nice breakout on high volume. There is a good chance the stock will continue to move up.

CARBO Ceramics Inc. (NYSE: CRR)

Carbo Ceramics Inc., an oilfield services technology company, manufactures and sells ceramic proppants, resin-coated ceramic, and resin-coated sand proppants for use in the hydraulic fracturing of natural gas and oil wells in the United States and internationally. The company also provides fracture simulation software under the FracPro brand, as well as offers hydraulic fracture design and consulting services under the StrataGen brand. In addition, it provides for spill prevention, containment, and countermeasure systems for the oil and gas industry. The company principally sells its products and services to operators of oil and natural gas wells, and oilfield service companies.
Take a look at the 1-year chart of Carbo (NYSE: CRR) with the added notations:
CRR has been trading mostly sideways for all of 2015. Along the way, the stock has repeatedly found support at $30 (green). Now that the stock appears to be falling back down to that support level again, traders might be able to expect some sort of bounce. However, if the $30 support were to break, lower prices should follow.

The Tale of the Tape: CRR has an important level of support at $30. A trader could enter a long position at $30 with a stop placed under the level. If the stock were to break below the support a short position could be entered instead.

Amazon $AMZN: The World’s Greatest Ponzi Show – Find Out Why

Dave was brilliant in his 25 page report detailing the financial manipulation at the hand of Jeff Bezos. His investigative mind and tenacity in digging further for the truth has exposed Amazon’s/Jeff Bezos’ fraudulent activities to the public. Dave has a unique way of explaining every aspect of each graph, photo and financial statement throughout his report that anyone without the experience in the field can comprehend. – “Kim” in Connecticut
AMAZON dot CON – the price is going up after tomorrow.
The Wall Street Journal in an article on AMZN’s “transparency” reports that, “In the case of Amazon, the company finally broke out details showing that its AWS business is now generating about $6 billion a year in revenue with operating margins of 21%—far above the 5% margin seen in its North American retail business.
Continue Reading at…

Gold Miners’ $1200-Cost Fallacy $GDX

The entire gold-mining sector was crushed last month, suffering a full-blown panic.  This was triggered by an extreme shorting attack on gold by American futures speculators.  As fear-blinded traders rushed for the gold-stock exits, they claimed their selling was rational because gold miners’ very existence was threatened by such low gold prices.  But that’s a total fallacy, this sector has no problem weathering sub-$1200 gold.
The recent pain in gold stocks has been excruciating.  This sector’s benchmark of choice these days is Van Eck Global’s Market Vectors Gold Miners ETF, better known by its symbol GDX.  It closely mirrors gold stocks’ long-time leading sector index, the NYSE Arca Gold BUGS Index that trades as HUI.  The carnage in these two gold-stock metrics has been incredible, shattering the resolve of most contrarian traders.  (more)

US Weekly Economic Calendar

time (et) report period ACTUAL forecast previous
8:30 am Empire state index Aug. 4.5 3.9
10 am Home builders' index Aug. 59 60
8:30 am Housing starts July 1.16 mln 1.174 mln
8:30 am Building permits July -- 1.337 mln
8:30 am Consumer price index July
0.2% 0.3%
8:30 am Core CPI July 0.2% 0.2%
2 pm FOMC minutes July 28-29
8:30 am Weekly jobless claims Aug. 15 270,000 274,000
10 am Philly Fed Aug. 6.5 5.7
10 am Existing home sales July 5.44 mln 5.49 mln
10 am Leading indicators July -- 0.6%
None scheduled