Stocks to Watch for December 16, 2015

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Valeant Pharmaceuticals Intl Inc (NYSE:VRX) has been consolidating in a flag formation over the last 2 weeks after a strong rally in late-November. Today, the stock broke out of the flag pattern and closed up $16.13 to $110.27 with high volume. A move above 114.95 would confirm the breakout and could lead to 120 initially and then 127, my secondary target. Technicals are showing bullish signals supported by positive RSI and MACD indications.

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Plug Power Inc (NASDAQ:PLUG) may finally be ready to break higher above its 100-day EMA after a strong close today. Looking at the chart, technical indicators are flashing bullish signals. The MACD indicator is slightly negative but is rising above its signal line and the RSI is back above its 50% level. The next key resistance lies at 2.19 (EMA100). If a breakout happens we can see a target of 2.45.

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Sunedison Inc (NYSE:SUNE) continue to surge. The stock price is strong and getting stronger every day it seems. If it break through 5.19, then expect more upside. If this happens, SUNE is a good play.

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Juno Therapeutics Inc (NASDAQ:JUNO) had a strong bounce from the support in the $44 area with solid volume. With RSI in oversold zone, it is possible we could see a bounce up to its 200EMA at $49.30

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AK Steel Holding Corporation (NYSE:AKS) The share is trading in oversold territory and I expect a bounce from current levels. Today’s high is resistance for a follow through move on Thursday.

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Clovis Oncology Inc (NASDAQ:CLVS) After being trading in a bearish tone for some time the stock appears to making a comeback in favor of the bulls. It has already started its bounce back up and looks poised to break resistance at $34.74 (13EMA). I think the stock could see $35 or better in short-term.

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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