( click to enlarge )MGT Capital Investments Inc. (NYSEMKT:MGT) continues to perform strongly and appears poised to breakout. A sustained break of $4.59 should bring the stock price to a test of the recent highs in the $5.50 area. Keep it on watch.
( click to enlarge )Lipocine Inc (NASDAQ:LPCN) Excellent strength relative to broad market. The stock broke out into the gap area on decent volume today and there is a high probability for a trend continuation in the next sessions. The RSI is curling up and the accumulation line is moving higher. The stock hit a high of $3.48, which is resistance for Wednesday’s move. If the stock can break through resistance, we should see a follow through move. Watch the stock closely tomorrow.
( click to enlarge )Relypsa Inc (NASDAQ:RLYP) started the day negative but turned things around to close up nicely. Daily technical indicators are looking bullish. The MACD is above its signal line in positive territory and the RSI is back above the 50 level. RLYP has a high short interest of 19 million shares, so if it breaks and close above the 19.74 level, we could see a short squeeze and a big move up.
( click to enlarge )IAMGOLD Corp (NYSE:IAG) broke out from its sideways consolidation today with a 3.13% rally and a close over resistance at $4.50. Look for follow-through on Wednesday with increasing volume to confirm today's move.
( click to enlarge )NVIDIA Corporation (NASDAQ:NVDA) might attempt to breakout above $47.50 level again and if it succeed we should expect a nice move to the upside.
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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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