Tuesday, October 15, 2013

Stocks to Watch for October 14, 2013

( click to enlarge )

Arotech Corporation (NASDAQ: ARTX) is looking to get back over $2 based on the chart above. After days of trading sideways in a relatively narrow range, this stock is finally on the move again. The volume is starting to pick up and there could be a decent short squeeze (short float 15%) if the stock breaks above this range. Resistance levels to watch will be 1.98, 2.24 and 2.71 with support levels at 1.83 and 1.66. The technical indicators paint a BULLISH picture. The stock is rising above all major EMAs. The MACD has just entered the positive zone and above the signal line. The Slow stochastic and the RSI are both above their 50% levels. Next week will be for sure a key week for ARTX technically !!! Be prepared for a Big run !!! Stay invested w/ a stop-loss at 1.66 ( click to enlarge )

China BAK Battery Inc. (NASDAQ: CBAK) still looks pretty good on the technical daily chart with volume expanding as it moves higher, MACD crossover too. CBAK continues to look bullish and had a decent day Friday. ( click to enlarge )

Alcoa Inc (NYSE: AA) closed last week above the 200-day EMA and is registering a Bullish signal. Let's see whether the stock can gather enough momentum to break through 8.42. If the Bulls are able to push through this level, there will be another rally towards 8.68. Technical indicators have turned bullish. ( click to enlarge )

SandRidge Energy Inc. (NYSE: SD) continues to trades within a steady uptrend channel. Next buy point will be on the day it blows through $6.25 on heavy volume. ( click to enlarge )

Zoetis Inc (NYSE: ZTS) Near-term outlook appears positive. A move above the key resistance level of $32.9 would help the stock touch the immediate PT of $33.98-34.21. Only a drop below $31.02 would negate the positive outlook for ZTS. ( click to enlarge )

Apple Inc (NASDAQ: AAPL) is setting up nicely in a small base for a potential breakout, so keep an eye on it for a possible breakout over $498 on a close basis. Technical chart shows bullish sign with %K line on top of %D line and MACD on top of signal line. Only a close below $476.47 would negate the short-term bullish outlook for the stock. ( click to enlarge )

Arca Biopharma Inc (NASDAQ: ABIO) OBV Indicator continues its uptrend showing investor interest. A restest of 1.8 seems very likely. Last week, Dawson James initiated coverage on shares with a buy rating and a $3.75 target price.

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Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.



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AC

The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

Posted-In: Technicals Markets Trading Ideas

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