Thursday, October 8, 2015

Stocks To Watch: $OHRP, $LBIO, $CLDX

OHR Pharmaceutical Inc (NASDAQ:OHRP) Volume starts to pick up again. Could make a nice move to the upside. A break of $3.30 with force might give the stock room to $4.30 (200EMA). MACD and RSI indicators are also pointing North. Plus, there has been some unusual options activity (Nov $5). Keep it on your watch list.

Keep a close eye on this one tomorrow. Chardan Capital Markets analyst Gbola Amusa reiterated a Buy rating and boosted the price target on Lion Biotechnologies (NASDAQ: LBIO) to $20. The stock price is showing signs of a bounce and next level of resistance is around 7.20.

Celldex Therapeutics, Inc. (NASDAQ:CLDX) closed today's trading session at 11.96, inching up by 4.45% with the stock attracting more than 2.6 million shares. Chart shows signs of a trend reversal. Trajectories of momentum indicators on daiy charts suggest uptrend for the stock. Next major resistance lies at 12.41. February $15 calls saw some action today.

Market Vectors Oil Services ETF ( $OIH) Putting In A Bottom: $SLB, $HAL, $BHI, $CAM, $NOV, $TS, $FTI, $RIG

Market Vectors Oil Services ETF (OIH) — This non-diversified exchange-traded fund seeks to replicate the price and yield performance of the Market Vectors US Listed Oil Services 25 Index, before fees and expenses. (The fund’s expense ratio is 0.35%). The underlying Oil Services Index is comprised of the largest and most liquid U.S.-listed companies that derive at least half of their revenues from the oil services industry.

The top 10 holdings in OIH are Schlumberger Limited (SLB), Halliburton Company (HAL), Baker Hughes Incorporated (BHI), Cameron International Corporation (CAM), National-Oilwell Varco, Inc. (NOV), Helmerich & Payne, Inc. (HP), Tenaris SA (ADR) (TS), FMC Technologies, Inc. (FTI), Weatherford International PLC and Transocean LTD (RIG).

OIH has obviously struggled along with these companies, declining roughly 40% in the past year. But the oil and gas industry is not going out of business, and the U.S. rig count has fallen to a five-year low. This is likely to create more demand and higher prices for oil and could make OIH a bottom fisher’s dream.

On Friday, OIH experienced an “outside reversal” — a formation often seen at long-term bottoms. And it performed the reversal off of what appears to be a double-bottom on higher-than-average volume. MACD also flashed a new buy signal.

Buy OIH under $29 for a trade to $36 for a potential return of 24%. Investors may also want to consider it as a long-term position for what could be extraordinary capital gains in addition to the 3.1% yield the fund currently throws off.

Analog Devices, Inc. (NASDAQ: $ADI)

Analog Devices, Inc. engages in the design, manufacture, and marketing of analog, mixed-signal, and digital signal processing integrated circuits (ICs) for use in industrial, automotive, consumer, and communication markets worldwide. It offers signal processing products that convert, condition, and process real-world phenomena, such as temperature, pressure, sound, light, speed, and motion into electrical signals. The company’s products include data converters, which translate real-world analog signals into digital data and translate digital data into analog signals; high-performance amplifiers to condition analog signals; and radio frequency ICs to support cellular infrastructure.
Take a look at the 1-year chart of Analog (NASDAQ: ADI) below with my added notations:
1-year chart of Analog (NASDAQ: ADI)
ADI has created a common chart pattern known as a symmetrical triangle. Combining a down trending resistance (red) with an up trending support (green) forms the triangle pattern. As the support and resistance converge on each other the pattern is created. Since there is no true way to know which way the stock will break, most traders will wait for the breakout or breakdown before entering a trade.

The Tale of the Tape: ADI has formed a simple symmetrical triangle. A trader could enter a long position on a break above the down trending resistance (near $58) with a stop set under the entry level. However, if ADI were to break below the trend line support (currently near $53), a short trade could be entered with a stop above the trend line.

We Are Entering the Time of Financial Collapse Point-V the Guerrilla Economist

“V, the Guerrilla Economist” says we have reached the point of no return in the global financial system. “V” explains, “We are entering a time which I call the collapse point. At the collapse point, there is going to be massive systemic shock. Why? Because you have one paradigm and one system being done away with, which is the dollar. It is going to be replaced by a new system. During that transition period, you cannot expect to trade anything because what do you trade it in? That’s why the Chinese are gearing up their own gold price fix. Once that collapse point happens and the world reels from the systemic shock, the Chinese gold price fix and the BRICS system will be there to fill in that vacuum. That is what’s being set up right now.” (more)