( click to enlarge )MEI Pharma Inc (NASDAQ:MEIP) made a great move today closing above the 200-day exp moving average for the first time since April and was with an increase in volume, which shows us there are buyers in the stock. MEIP has a lot of potential to be a big percentage mover. Watch the stock closely on Tuesday, and once it breaks through $7.56, get ready to enter the trade.
( click to enlarge )Delcath Systems, Inc. (NASDAQ:DCTH) has had a hard time with this resistance line (EMA100) but may be ready to move higher. The level which the stock may have trouble moving above is currently at $2.76. It would need to break above that level to run to $3.53. Accumulation line is starting to point up. The Relative Strength Index is also moving higher, which is a sign of growing strength in the stock. Also the MACD is giving a positive indication. DCTH will move quickly, so keep it on your screen on Tuesday.
( click to enlarge )Electronic Arts Inc. (NASDAQ:EA) With its latest rally having failed to make a higher high the stock has developed a potential double-top pattern (which is bearish). A Break below $36.19 could signal further downward momentum targeting $35 area.
( click to enlarge )Usell (OTCMKTS:USEL) is a penny stock to watch. I like when insiders are buying back shares and last week they bought 68,800, a good sign for the stock. This is an indication that the top executives are seeing something positive going on. I think the stock is going to move soon.
( click to enlarge )The Bank of New York Mellon Corporation (NYSE:BK) has been in a nice bullish consolidation over the last six 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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