Trade Ideas for Monday, July 27 $ABX $IAG $NEPT $DSKX $GENE $SSYS $PIRS $CVSL
Barrick Gold Corp.
ABX ---> The Gold Sector had a strong day, and so, we can get some nice trade ideas on the gold stocks! One of them is Barrick Gold (ABX )!! The price, which made a New 52-Week Low, closed the day with a high of 2.55% with massive volume! Extremely oversold, it could have reached here the Bottom and might be on the verge of a Strong Bounce!! Worth watching
IAG ---> Another Gold stock that might be on the verge of a Strong Bounce!! It made a New 52-Week Low recently and now, with the positive signs yesterday of Gold Sector, it looks ready to move higher!! Volume was good too, and its RSI, which is leaving from its oversold area and its Fast Stochastic Indicator, which became bullish crossover and is leaving form its oversold area too, are giving a strong buy signal!! Buyers are strongly in charge and could be a great trade idea over $1.42
Neptune Technologies & BioResources Inc.
NEPT ---> This stock caught my attention due to its heavy Accumulation!! The buyers has been in charge strongly, and now, after it made a nice breakout with high bullish volume and shares crossed above the Upper Bollinger Band Line and the 50EMA, Neptune is showing potential to make a strong squeeze toward its 200EMA! Once it closed the last regular trade session at High of the Day, it is also, a Gapper Candidate!! Nice setup that worth be watched!!
DS Healthcare Group, Inc.
DSKX ---> This stock had a strong trade session in very ugly day, with shares rising +11.46% with decent volume!! DS Healthcare is now a potential Upside Breakout and its technical indicators are saying that is ready to make this breakout easily!! Let´s take a look: its RSI came back to its Buying Area, having yet a nice room to climb, its MACD became Bullish Crossover and its Fast Stochastic, which is moving up strongly, is now Bullish Crossover too! So, its clearly that Bulls are in command and, a break above its Upper Bollinger Band first, and above $3.60 then, will open the door for the 5.88% of Short Players covering their positions and so, a strong short squeeze could happen!! Worth watching
Genetic Technologies Ltd.
GENE ---> This setup, that got to rise more than 3%, did not resist to the market trend, closing the regular trade session on the red side! Yet, it closed above its 20EMA, which seems a strong support for now!! It is forming a solid base between its 20EMA and 50EMA and a break above this last one with volume, will turn it in a Short Squeeze Candidate, as it has 19.23% of short float! Keep closely
SSYS ---> It is setting up for a strong breakout and consequently squeeze toward its 50EMA before the Earnings! It crossed and closed above its 20EMA with decent volume and strong positive divergences on chart! Also, it is strongly shorted, with 24.20% of Short Float! The Momentum is growing and i´ll be watching very closely for the break above $34.75
Pieris Pharmaceuticals Inc.
PIRS ---> Pieris had a great performance in the last trade session, where shares rose +5.73% with heavy volume, crossing up its 20EMA and its 50EMA!! Accumulation begins to appear and the strong positive divergences displayed on chart, such as its RSI, which is moving up nicely, now returning to its Buying Area, its MACD, which became Bullish Crossover or its Fast Stochastic, which became Bullish Crossover too, leads me to following this stock very closely to watching for confirmation of the break above its 50EMA! Buyers are in charge and this Gap could be Filled quickly! Stay Tuned
CVSL --->It made a fantastic reversal from the Low of the Day, closing near at High of the Day, confirming so, the strong Momentum that this stock is going through!! I have followed it closely in the last week, and I will continue because the potential here is huge! I recommend to do the same!!
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