( click to enlarge )Cisco Systems, Inc.(NASDAQ:CSCO) is setting up to break out and has one more level to go, which is $28.68. Daily technical indicators are looking bullish. The MACD has formed a bullish rounding bottom and crossed above its zero line. RSI is showing good upward momentum by crossing above its 50 line to enter into the Bullish zone. Watch the stock closely tomorrow.
( click to enlarge )Verastem Inc (NASDAQ:VSTM) made an awesome move breaking out of a major resistance line with volume backed confirmation. I went long as its quite possible we should see a short term move near $1.9/share. The Daily technical chart shows bullish sign with +DI line on top of -DI line and RSI rising. There could be good upside in VSTM so watch the stock closely on Tuesday. Plus, the company is trading significantly under cash (99.54M or $2.69)
( click to enlarge )Cesca Therapeutics Inc (NASDAQ:KOOL) closed back above the 50-day exponential moving average line on Tuesday, and that's the key indicator line for the near-term trend. Keep on watch for a follow through tomorrow.
( click to enlarge )Carbylan Therapeutics Inc (NASDAQ:CBYL) There have been some pretty bullish candles forming on this daily chart and it seems to me like it is ready to turn up. A/D indicator shows strong accumulation. The next major resistance level for stock is located at $1.14. A close above would be very bullish. On watch.
( click to enlarge )Advanced Micro Devices, Inc. (NASDAQ:AMD) Continues to act strong setting new highs.
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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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