Trade Ideas for Thursday, July 16 $OHRP $ESI $CECO $MET $NVGN $LBIO
Ohr Pharmaceutical, Inc.
OHRP ---> Shares of Ohr Pharmaceutical rose +26.61% with heavy bullish Volume, heavy Accumulation and heavy Buying Pressure, crossing up its Upper Bollinger Band Line and closing near at High of the Day! This Gapper Candidate for tomorrow is setting up to continue its Upside Run and its 200EMA could be the next target! Bulls are clearly in command! Stay tuned!!
ITT Educational Services Inc.
ESI ---> It made a strong trade session with high volume crossing up its 20EMA and is testing now its 50EMA! For tomorrow, i´ll be watching for the confirmation of this break! If do that, it will gain a large room to climb and, as it has 51.38% of Short Float, we could get also, a fantastic Short Squeeze! It is going through a strong Momentum that you will want to be very close! Long idea over $4.37
Career Education Corp.
CECO ---> Trading at very cheap prices, near of its Bottom, this stock could join to ESI in the party, once both are in the same sector! CECO in last few days, has been trying hard to make a Bounce, and if ESI Take Off tomorrow, CECO could find here the catalyst needed to move on! I´ll be watching tomorrow for a possible break above its 20EMA, which it will stay well positioned to make a nice squeeze! I´m liking of its Bullish MACD Crossover, which is giving a nice Buy Signal! Keep closely of this Potential Bounce Player
MET ---> After the nice Breakout occurred today, with high volume, this stock has everything prepared to make a New 52-Week Higher! Technically, chart speaks for himself!! Nice long setup to watch tomorrow!
NVGN ---> It made a nice trade session with decent volume, staying now, in Breakout Mode! If it realize this breakout with decent volume again, Novogen will stay with the door open to make a steady upward movement! Technical indicators are displaying interesting positive divergences, showing that Momentum is growing! Could be a nice Long Setup to watch over $4.94!
Lion Biotechnologies, Inc.
LBIO ---> It made a nice trade session and a nice Breakout, with shares rising +4.93% with decent volume, crossing up its 20EMA and 200EMA!! Looking for the technical side, the stock is showing a strong Momentum! The price is well supported, just looking to its Bullish ADX Crossover, its RSI, which came back to its Buying Area, and its Bullish MACD Crossover, are giving a strong Buy Signal, and we can see too, that Accumulation is rising again! Buyers are in charge and for tomorrow, i´ll be watching for a possible break above its 50EMA!! If do that with volume, it will stay poised for an Upside Run toward its Trend Line Resistance ! Great chart that worth be watching!!
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