My Watchlist for Wednesday, May 17

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BlackBerry Ltd (NASDAQ:BBRY) broke above yesterday's high at $9.77 and rose to $10.18 hitting the highest price in two years. Further rally could be seen to retest $11.09 long-term resistance. As long as the stock stay above 8.50 area, the bullish scenario is still intact. Now that the stock is above the $10 level more buyers should be coming.

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xG Technology Inc (NASDAQ:XGTI) strong enough to say and the Bulls are back. The stock traded higher today, after the company released strong earnings late Tuesday. It gapped higher at the open and traded to the upside all day. That’s a powerful sign that high prices are likely to continue. The daily indicators are showing signs of upward reversal. A rally above the declining 100-day EMA can push the stock higher to 2.75 and 2.92 in the short-term.

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Catalyst Biosciences Inc (NASDAQ:CBIO) Could History Repeat Itself ? Last time the CMF indicator showed similar divergence the stock spiked to well over $18. The chaikin money flow (CMF) is an indicator that helps us (traders) to determine whether a stock is under accumulation or distribution. In this particular case, stock shows signs of accumulation, so based on this technical indicator i added few shares looking for a strong bounce to the upside.

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Digital Ally, Inc. (NASDAQ:DGLY) made a strong run the last hour of the day, on news that the US Army posts a notice of intent to purchase Digital Ally DVM-800 police dash camera kits. I feel that there will be a continuation move tomorrow. There are several short and mid term technical indications suggesting that DGLY could make a move to higher levels. On watch.

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Globalstar, Inc. (NYSEMKT:GSAT) has been a subject of takeover rumors the past three weeks, which has driven the stock straight up. I set resistance at $2.59 and expect to see follow through once the stock breaks through. GSAT has potential for a good upside move, so watch it closely on Wednesday.

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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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