4 stocks to watch: EFOI, LPCN, CEB, CRTO

As the market got hit hard on Tuesday, there are some broken charts, but still some outperformers as well. Here are two longs and two shorts to watch.

Energy Focus

US:EFOI

$0$5$10$15$20$25$30

Energy Focus Inc. EFOI,  has had stellar action, up another 46 cents to 22.36 on Tuesday in the face of a falling market. It has been consolidating beautifully right near resistance. If it gets through here, it could see the high 20.00s. Short-term support is around 18.50-18.75. The target is 26.75.

Lipocine

US:LPCN

$5.0$7.5$10.0$12.5$15.0$17.5$20.0

Lipocine Inc. LPCN, also doing very well. Even though it did get a sharp pullback recently, it held the trendline and lateral price support, as well as the 50-day moving average and bounced nicely. On Tuesday, it was up 87 cents, or 6%, to 15.59, on 437,300 shares. Volume wasn't great, but if it can get through the 15.90-16.00 zone, it could test the recent spike highs up around 17.83. If it gets through that, then look for 20.00-21.00 as the next target.

CEB

US:CEB

$65$70$75$80$85$90$95

On the short side, CEB Inc. CEB,  has broken down out of several bear wedges recently. On Tuesday, it got clobbered for 2.69 to 68.93. It looks like it's going to test the January lows and lateral support around 66.75-67.00 as early as Wednesday morning. Through that it could see 64.00, even 59.00-60.00 if it fills the gap.

Criteo SA

US:CRTO

$30$40$50$60$20

Criteo SA CRTO,  had a big drop last week and then rallied back to resistance, but right now is rolling over again. On Tuesday, it failed to hold lateral support, dropping another 2.08 to 37.13. Unless it bounces on Wednesday, it could come down to the low 30.00s.

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Acadia Healthcare Company Inc (NASDAQ: ACHC)

Acadia Healthcare Company, Inc. develops and operates inpatient psychiatric facilities, residential treatment centers, group homes, and substance abuse facilities providing outpatient behavioral healthcare services to serve the behavioral health and recovery needs of communities in the United States, the United Kingdom, and Puerto Rico. Its acute inpatient psychiatric facilities offer evaluation and crisis stabilization of patients with severe psychiatric diagnoses; specialty treatment facilities include residential recovery facilities, eating disorder facilities, and comprehensive treatment centers providing a comprehensive continuum of care for adults with addictive disorders and co-occurring mental disorders; and residential treatment centers treat patients with behavioral disorders in a non-hospital setting, including outdoor programs.
Take a look at the 1-year chart of Acadia (NASDAQ: ACHC) below with the added notations:

ACHC has been on a nice, consistent rally over the course of the past year. In addition, the $75 price level (blue) has become very important to the stock over the past 3 months. Not only was $75 a key resistance back in May and June, that level was also support once ACHC got above it. Earlier this week the $75 level was hit as resistance again.

The Tale of the Tape: ACHC has a key level at $75. A trader could enter a long position on a break above $75 with a stop placed under the level. However, if traders are bearish on the stock, a short trade could be made instead at the $75 resistance.