Watchlist 9/11/17

Technicals:  Looks like a potential cup and handle formation with a bounce up off the Ichimoku green cloud.  Forming a nice Ascending triangle.

News: Announced that Vincent J. Angotti, chief executive officer, will be presenting at the Rodman and Renshaw 19th Annual Global Investment Conference on Sept 11th and the Cantor Fitzgerald 2017 Global Healthcare Conference on Sept 27th.


Technicals - 85.5M float. Following a nice upward channel since March 2017.  Also looks like a U-Shape or potential cup and handle formation taking shape.  Looking for an initial PT of $2.70.  With the RSI closing in to 70 and a MACD cross on Friday, this look like it could be close to a major move. However, if the cup and handle is forming, then we will see a temporary dip from the 2.70 mark.

News: On August 25, 2017, that the US Food and Drug Administration (FDA) has approved KEDRAB™, a human rabies immune globulin (HRIG), for the post-exposure prevention of rabies infection, when administered after contact with a rabid or possibly rabid animal.  Stock price is up 25% since then and with the technical indicators lining up, we could see another nice push up.


HE: Technical - Solid break of the resistance line on Friday.  RSI(14) crossed 70 and MACD line bounced off signal.  Price action could be nice in the next couple of days.

Latest news: Upgrading electrical grid to allow more rooftop solar in the state. i.e. Smart meters, advanced inverter technology, and better voltage management tools.  This will help make solar energy a more viable option for homeowners.


LL: News - Irma to Drive Home-Improvement Stocks - We wish everyone in Florida well with Irma in the neighbourhood.  However, this may be opportunity for traders.  As home owners face damaged properties, the likelihood of rebuilding efforts will gain momentum. This in turn will drive demand for home-improvement equipment and materials.

Technical: There is a very good likelihood that the price will cross the bottom resistance line as Irma damages accumulate.  RSI and MACD are both entering bullish territory.  I'm looking for a sizable increase in price in the coming week. 


SYN: Technical - Float of 118M. Finviz showing a target price of $3.25.  May be a bit high but you never know.  Looking at the attached daily chart, I see a perfect cup and handle formation and the price is moving up nicely.  RSI also crossed 70.  Looking at a weekly chart (not attached), the EMA(9) is just about to cross EMA(26) line.  The last time it was above, the stock price was near $2.00.

News - The Company will be featured as a presenting company at the 19th Annual Rodman & Renshaw Global Investment Conference, sponsored by H.C. Wainwright & Co. LLC. on September 10-12.

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