Stocks to Watch for Aug 02, 2016

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Inteliquent Inc (NASDAQ:IQNT) started the day negative, but turned things around to close up nicely on solid volume. Keep an eye to see if it can breakout above the $21 level.

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Kitov Pharmaceuticals Holdings Ltd (NASDAQ:KTOV) technical daily chart is showing a solid bottom formation and the stock looks positioned to break out of this pattern. The volume was high today and I suspect this could be the start of a new rally. If a breakout above 3.22 occurs, we could see an acceleration of momentum and move toward the 3.63-3.80 area. Stay tuned.

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BlackBerry Ltd (NASDAQ:BBRY) continues to maintain positive trend, showing a smart recovery of 27% from the recent low backed by positive moves of trend and momentum. Today price broke out of the small consolidation pattern and closed above the 7.75 area for the first since March. The stock is likely to test next resistance at 8.20, before showing further up side. Long setup.

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Euroseas Ltd. (NASDAQ:ESEA) Another Shipping stock that looks like it will break out soon, watch the 200EMA and act accordingly. Volume is starting to build and the stock price may make an attempt to break the $3 level. Thin name but with a good looking chart.

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I feel Mirati Therapeutics, Inc. (NASDAQ:MRTX) is well over due for a counter trend rally. MACD and RSI continue to show a bullish divergence and I think it could see $6 or better if investor interest comes back into this stock. Note: Bullish Divergences occurs in a down trend, when new lows in the price do not result in a new low in the indicator. Looking for at least a dead cat bounce.

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Clovis Oncology Inc (NASDAQ:CLVS) Good long setup if it takes out the 15.35 level on volume.

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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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