Stocks to Watch for March 18, 2016

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Pandora Media Inc (NYSE:P) had a nice move on the upside today, closing slightly below the 50-day EMA on solid volume. The stock hit a high of $10.49 which is now resistance for Friday’s follow through move. Daily technical indicators are looking bullish. The May $13 calls saw some activity, suggesting someone is getting aggressive in the expectation of higher prices.

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VMware, Inc. (NYSE:VMW) closed strong above the 50-day EMA for the first time since Oct 2015. This momentum could push this stock much higher from here. Go long on the break of Thursday’s high at 52.22

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BlackBerry Ltd (NASDAQ:BBRY) broke out of a bullish flag formation on volume well above the daily average. I will be watching the stock to breakout the resistance level at $8.36, which will tell us that the short-term downtrend should be over and could initiate a sharp rally, back to 9. The daily technical indicators are showing signs of bullishness.

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Michaels Companies Inc (NASDAQ:MIK) broke out in a big way on great volume. I think we will see some nice follow through tomorrow.

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Tuniu Corp (NASDAQ:TOUR) appears to have broken out of a base formation, spiking above the key resistance line. The stock closed up 84c to 10.23 and is setting up for a possible move to the 11 area. A clear break above 10.27 could lead to short covering. Momentum indicators are bouncing off oversold conditions.

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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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