Stocks to Watch for June 01

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I see Relypsa Inc (NASDAQ:RLYP) on verge of breaking up out of compression (10m chart). I expect to see a strong upside move if the stock can break through this resistance level. Watch the stock closely on Wednesday.

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Chiasma Inc (NASDAQ:CHMA) looks like a bottom formation here. A breakout over $3.30 with strong volume would send this flying. I went long today, I see $4 move coming.

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Second Sight Medical Products Inc (NASDAQ:EYES) is another potential bottom play. The stock saw continued buying pressure today. I think current levels offer a great chance to play a rebound in shares. Long positions can be considered with a stop loss of 3.62 on daily closing basis. Initial targets are 4.50 and 4.98

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BlackBerry Ltd (NASDAQ:BBRY) is quickly approaching a big breakout if the stock can manage to trade above $7.33. A strong volume move above that level, could set the stock up to retest its March highs.

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Cliffs Natural Resources Inc (NYSE:CLF) was one of the winners on Tuesday, as the stock closed up $1.21 on the day. If the stock can break Tuesday’s high of $4.33, we should see a continuation move.

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Chimerix Inc (NASDAQ:CMRX) There are several technical indications I see which suggest a bottom, including large positive divergences on MACD and ADX on daily. If the potential buy signal confirms itself, we will be looking for a move to the resistance area at $5.5-5.60, at the very least. Keep CMRX on your screen for Wednesday’s trading session.

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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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