Thursday, July 16, 2015

Trade Ideas for Friday, July 17 $CGEN $AST $GLUU $CREE $CHK $CYRN

Compugen Ltd.
CGEN ---> This setup looks poised to make a test to its Trend  Line Resistance very soon! The price rose today +4.65% with high bullish volume, crossing up its 50EMA! Compugen has a nice room to climb now and looking to the technical side, its Bullish MACD and ADX Crossovers, are giving a strong support to the price! Also, its RSI is moving up now in its Buying Area, giving so, a nice buy Signal! It is a nice Momentum that worth be watching!!

Asterias Biotherapeutics, Inc.
AST---> It is in Breakout Mode with High Volume and High Buying Pressure! Chart looks good, with a Bullish MACD and ADX Crossovers, supporting well the price! For tomorrow i´ll be watching for continuation! The Momentum is strong and its 10.58% of Short Float could help the stock to make a nice squeeze into its 200EMA!! Stay Tuned

Glu Mobile Inc.
GLUU --->  It made a nice trade session, making a nice Breakout too, crossing up its 50EMA and its 20EMA!! Now, once it made a strong close, closing near at High of the Day, it is setting up to make a test to this Trend Line Resistance! If break it with decent volume, and as it has 14.58% of short float, we could get a strong squeeze toward a New 52-Week Higher! Chart is displaying strong positive divergences, such as its Bullish MACD Crossover or its ADX, which is becoming Bullish Crossover too! GLUU is poised to move Higher!! Keep Closely

Cree, Inc.
CREE ---> This setup looks ready to leave its Bottom and move higher!! A break above its 20EMA with decent volume, will open the door for a possible squeeze! Technically, its RSI, which left its oversold area, and its Bullish MACD Crossover are giving a nice Buy Signal, and, we can see too, that Accumulation is rising again! In addition, it has 19.41% of short float, which means, the squeeze, if it happens, could be hard!! Worth watching

Chesapeake Energy Corp.
CHK ---> It is gaining strong Momentum and the breakout ahead could happen tomorrow with a big short squeeze, as it has 24.61% of short float!! Long idea over $11.88

CYRN ---> Another nice breakout today!! Shares of CYREN rose +4.66% with high volume, making a nice breakout over $1.95, crossing and closing above it 20EMA! Now, it has a nice room to climb and technical indicators are displaying nice positive divergences, proving that Momentum is growing !! This upward movement should continue tomorrow!!


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