Trade Ideas for Wednesday, May 27 $GALE $OPWR $FORM $OC $WY $ENZN
Galena Biopharma, Inc.
GALE ---> This stock is showing strength and high Momentum as it crossed above its 50EMA and above its Upper Bollinger Band with high bullish volume! It is also under high Buying Pressure and its Bullish ADX and MACD Crossovers are showing that price is well supported! It has now large room to climb and its 10.84% of Short Float can give to us a nice squeeze! Long Idea over $1.44
OPWR ---> After formed a solid base, this stock looks ready to move on! It is in Breakout mode with high bullish volume! Above $11.90, it will gain a nice room to climb toward its 200EMA! Bulls are clearly in the command, as we can see in some technical indicators! Its RSI is moving up in a strong buying area, its 20EMA is crossing up its 50EMA and its MACD is rising in a positive area! Also, it has 14.40% of Short Float, which means that it can make a nice squeeze! Long idea over $11.97
FORM ---> This stock is forming a strong base above its 50EMA and the positive divergences on chart are saying that it could take off any moment!! Its AC/DT indicator is showing that price is trading under heavy Accumulation! Also, its RSI remains steady in its buying area and its MACD is approaching now of its positive area! Money Flow is very healthy too! Buyers are in charge! Breakout to watch over $9.09
Owens Corning Inc.
OC----> It made a strong trade session with heavy volume, crossing up its 20EMA, its 50EMA and its Upper Bollinger Band Line! Also, it close near of Highs of the Day, which means that we have here, a Gapper Candidate for tomorrow! I´ll be watching for continuation, we could see a New 52-Week Higher!!!
WY --->It made a nice trade session and a nice breakout with high volume in a very red day! Also, it crossed above its 50EMA and close on the top of its 200EMA! If break above this level, it will gain a large room to climb! Technically, its rising RSI and MACD, both in positive areas, are giving a strong Buy Signal! Money Flow is healthy, Buying Pressure is high and Accumulation begins to appear! It is setting up for a nice upward movement! Long over $33.03
ENZN ---> It made a strong trade session on volume, crossing up its 50EMA and its 20EMA and, it is now, on the verge of a Big Breakout and a possible strong upside movement! Chart is displaying great positive divergences, such as its RSI, which came back to its Buying Area, its MACD, which is curling up and its Fast Stochastic, which became Bullish Crossover and is stepping out of its oversold area! Worth watching this Potential Upside Runner
All charts posted here are merely tools to study based on major technical indicators!! It is up to the reader to decide whether the stocks mentioned above are appropriate for your strategy! I warn that the good performance of a stock not depends only the technical data and I can not responsible for any trade that goes wrong!! Follow me on Twitter and Stocktwits, during the day I post some good ideas of trade