Stocks to Watch for February 23, 2016

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Second Sight Medical Products Inc (NASDAQ:EYES) broke the ascending triangle pattern on very large volume. Today’s action in the share price leads me to believe that we may see a reversal trend at this level. A move towards $6.40 can be expected as long as $4.98 holds.

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Amedica Corporation (NASDAQ:AMDA) broke out of a small consolidation range on Hourly, as the stock closed up 22 cents on decent volume. I will be watching it tomorrow for a continuation of this breakout. The short-term trend is still bullish as the stock is still on top of all EMAs. Other good news, the MACD is perking up and the ADX is moving up. I think the stock has room to go higher. Watch the stock closely on Tuesday.

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A move on BlackBerry Ltd (NASDAQ:BBRY) above the declining 50-day EMA could spark a nice short-squeeze. The stock is displaying upside momentum again and is poised to move higher from these levels. Nearest resistance for the stock is at $7.36. If this level is crossed and the stock is able to sustain above this level, then it might go to $8. On the downside, the stock has a strong support at $6.98.

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Plug Power Inc (NASDAQ:PLUG) could be getting ready to break out. I'm setting resistance at $1.89, which was the high of Wednesday. If the stock breaks through, the next resistance lies at $2.10. From a technical standpoint, the daily chart looks Bullish with both 9, 13 and 20 daily moving averages going up and MACD on top of 0, RSI in a Bullish area too. Plus, the A/D indicator shows a marked increase in accumulation since mid-January.

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Nuance Communications Inc. (NASDAQ:NUAN) nice runner from the buy list on Saturday. Perfect follow through day. The near-term trend is bullish and a move to the 20-20.15 range appears likely.

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Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.

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