Tuesday, May 19, 2015

Trade Ideas for Wednesday, May 20 $PCG $ALKS $CY $ARDX $CPRX $C

PG&E Corp. 
PCG ---> Go long on the break above its Trend Line Resistance! Chart is showing interesting positive divergences that could give to us a nice upward movement! To follow

Alkermes, Inc.
ALKS ---> It is setting up to make a good upside run now that it is trading above all EMAs with decent bullish volume! Its MACD Crossover and its ADX indicator are showing that price is well supported! RSI came back to its buying area, giving to us a nice Buy Signal and the price counts too, with strong Accumulation and high Buying Pressure! Keep closely on the break above its Upper Bollinger Band Line!!

Cypress Semiconductor 
CY ---> This stock is in Breakout Mode with high bullish volume! Also, all technical indicators are displaying strong positive divergences, so, we may have here a Potential Upside Runner if endorse the breakout! Keep an eye over $13.71

Ardelyx, Inc.
ARDX ---> I tweeted this today " $ARDX this stock is gonna fly tomorrow !! Fantastic news" positive results in Phase 2b clinical trials " "!! Well, the volume says everything!! Buyers are tightly in charge! It is a Gapper Candidate for tomorrow with initial target its 50EMA

Catalyst Pharmaceuticals Partners Inc.
CPRX ----> It made a fantastic trade session with high volume, crossing up its 20EMA and its 50EMA! It made a strong close as well! The room to climb is great and for tomorrow i´ll be watching for continuation! It is a Potential Upside Runner

Citigroup, Inc.
C ---> It is setting up to make a New 52-Week Higher and has the door open to do that, without resistances ahead!! The chart looks strong, with price running out of its Upper Bollinger Band Line on volume! Also, it counts with high Accumulation and heavy Buying Pressure! Money Flow is very healthy too!  Nice long setup to watch


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