Tuesday, February 23, 2016

Watchlist for Tuesday, February 23 $BBRY $SHAK $AMDA $MPLX $FEYE $TSO


BBRY ---> Worth watching this stock today!! It made a nice trade session yesterday, making a nice test to its 50EMA!! Also, chart indicators are showing interesting Buy Signals, which leads me to believe that Buyers are in charge!! And yet, it came out with good news this morning, such as,

SWARCO TRAFFIC SYSTEMS Gives the Green Light to QNX 

and

QNX UNVEILS NEW BLUETOOTH SOLUTION FOR EMBEDDED SYSTEM DEVELOPERS

Blackberry could Squeeze over $7.36!!



 SHAK ---> It made a nice breakout over $38.40 and over its Upper Bollinger Band Line!! This stock is getting stronger day by day and worth watching for the break above the Resistance Area ahead!! On volume and as it has 86.28% of Short Float, it could reach its 200EMA easily!! Nice chart!!


AMDA ---> Crossed and closed above its 20EMA and above its 50EMA with decent volume!! Also, it close the regular trade session at High of the Day, which means, that we may have here a Gapper Candidate!! I will be watching for a break above $2.40!! On volume and as it is a very volatile stock, it could run hard toward it last high, $3.40!! All Technical Indicators are curling up, where its RSI and its Slow Stochastic are giving Buy Signals!! Stay Closely, Upside Runner on Radar!!


MPLX ---> It made a strong and steady Breakout on volume, with shares rising +7.95% , going close near of High of the Day!! It shows high relative strength and, if we get a strong crude today, with about 30% of Short Float that it has, MPLX could test its 50EMA easily!! Chart speaks by itself !


FEYE ---> Trading strongly above its 20EMA, this stock made a strong Breakout on volume!! With chart showing a tremendous Bullish activity, it is well positioned to make a test to its 50EMA!! Worth watching for continuation!!


TSO ---> It made a good jump from its Bottom on volume and is now, on the verge to break above its 20EMA, where, if it get high volume again, it could make a strong Squeeze!! Chart shows that stock is gaining strong Momentum!! Long Idea over $77.92


Disclaimer

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

Regards

FonsieTrader