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Stocks to keep an eye on June 03, 2015

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Did you see Gevo, Inc. (NASDAQ:GEVO) today ? The stock jumped 26.45 percent to $3.92 after Reuters reported that the U.S. Environmental Protection Agency plans as soon as Friday to determine whether carbon dioxide from aircraft endangers public health, a first step to regulating emissions from the aviation sector. From a technical standpoint, indicators such as A/D and RSI starting to trend upwards, the positive diverg. in MACD and the fact that this indicator is finally crossing the zero line, are all early indications that a new powerful uptrend could be developing. With a break of next pivot at 4.53, the daily chart then enters into Blue Sky Breakout territory and future resistances are not until way above. Let’s see what else GEVO has in store for us.

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I have Oculus Innovative Sciences, Inc. (NASDAQ:OCLS) on my watchlist. Looking at this daily technical chart above, the stock looks like it could be ready to break out of base and make a move toward $1.40 (200EMA). All technical indicators appear to be setting up for a nice bullish move. The volume also was above average today and I'm hoping we will see a continuation tomorrow. I think there is a good risk/reward ratio right now.

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MEI Pharma Inc (NASDAQ:MEIP) The daily technical chart looks primed to bounce once again, so let’s see what happens here and get this streak back on track. If it breaks tomorrow the 20-day EMA at 1.98, then it has potential to rebound to $2.15 resistance inicially then $2.44

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Vanda Pharmaceuticals Inc. (NASDAQ:VNDA) displayed some impressive relative strength with a 12% gain. The area comprehended between 11.6 and 12 represents a strong resistance. The power of today's move suggests an upward breakout that could impulse VNDA's stock to test the February highs at 13.31. On watch.


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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AC
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