Stocks to Watch for March 22, 2016

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The index is exhibiting signs of topping on Hourly chart. Indicators are displaying negative divergences as they failed to make new highs as highlighted in the technical chart above, so the Bulls have to be cautious.

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Fitbit Inc (NYSE:FIT) broke out of a small consolidation pattern on solid volume and could eventually rally up to 16. Looking at the technical daily chart the near-term outlook is positive. Let’s see whether the stock can gather enough momentum to break through the key $15 level tomorrow morning.

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BlackBerry Ltd (NASDAQ:BBRY) Still flagging. Could pop nicely over 8.20

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Acacia Research Corp (NASDAQ:ACTG) successfully close above the $4 level on very impressive money volume. This is a very bullish development. Short-term technical indicators are Bullish. If the stock can break today’s high of $4.21, we should see a strong follow through move. Next major resistance level lies at 4.50

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General Electric Company (NYSE:GE) has a chart set to breakout. Watch over $31.24

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Sirius XM Holdings Inc. (NASDAQ:SIRI) has been in a nice bullish consolidation over the last three weeks and appears ready for another breakout. Keep on watch.

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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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