Trade Ideas for Tuesday, June 23 $OMER $NSPR $SPPI $DEPO $NTAP $EGY $VBLT
OMER ---> This stock made a nice trade session, crossing up its 50EMA and its Upper Bollinger Band!! It is now in breakout mode, and if it get high volume tomorrow, with 28.17% of short float, it can make a big Breakout! It has a large room to climb and technical indicators are showing potential enough to make this climb!! Its RSI, MACD and ADX are showing that Bulls are in command and its CCI indicator is telling us that Buying Pressure is huge, which means that buyers are in charge strongly!! As it closed the regular trade session near at High of the Day, it is also a Gapper Candidate for tomorrow!! Worth watching
NSPR ---> It made a strong trade session with massive volume, crossing up its 50EMA and its Upper Bollinger Band Line!! It is now in breakout mode and, if it get similar volume, the breakout could be huge and the price could make a hard run with the purpose of closing the Gap! The stock is going through a great Momentum, with RSI and MACD, both moving up in its positive areas, giving a strong Buy Signal, and it is trading under high Buying Pressure, which means that buyers are in charge! ! Keep closely of this Potential Upside Runner
Spectrum Pharmaceuticals, Inc.
SPPI ---> Mentioned in my last Blog Post, i need to continue to following this great performance! The price closed the Big Gap, is trading above all EMAs and above its Upper Bollinger Band Line, having now a nice room to move on!! It has a powerful bullish chart, showing its great Momentum and its 34.45% of Short Float will not resist much longer! Spectrum is pointed to higher! Gapper Candidate for tomorrow
DEPO ---> Another stock with high Upside Potential!! Now, that is trading above all EMAs and above its Upper Bollinger Band Line, it is also, about to Fill the Gap! If do that with high volume, the 21.00% of short float could give to the stock a strong squeeze into to the next Breakout, which happens over $24.77!! The price is well supported, just looking to RSI, MACD and ADX, and it counts too, with high Buying Pressure and a very healthy Money Flow! DepoMed breathe health and is now, a strong Candidate for a Upside Runner
Network Appliance, Inc.
NTAP ---> This stock is showing strong positive divergences on chart, with high Accumulation, high Buying Pressure and a very Money Flow! Also, its ADX, MACD and RSI are giving a strong Buy Signal! In short, it is on the verge to Fill the Gap and break above its 20EMA and above its Down Trend Line! If do that with high volume, it could make a nice squeeze toward its 200EMA!! Long setup to follow
Vaalco Energy Inc.
EGY ---> I´ll be watching for the confirmation of the break above its Upper Bollinger Band Line and for a break above its 50EMA!! If it do this with high volume, well, then we have here a serious Upside Runner Candidate! Long idea over $2.54
Vascular Biogenics Ltd.
VBLT ---> I´ll be watching for the confirmation of the break above its 20EMA! If do that with high volume, this volatile stock can make a hard upside run! Technical indicators are curling up, showing an increase of its Momentum! Keep this Potential Upside Runner in your watchlist
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