Watchlist 9/20/17

Note that all stocks in the watchlist are either trending towards a bullish technical chart or currently in one.  Please do your own Due Diligence before considering investing in these stocks.

 

APTO:

Technicals - 21.22M Float.  Strong technical finish on the 15-minute chart including a MACD crossover.  IMO, this would indicate higher prices on Wednesday.  I have an initial PT of $182

News - Aptose Biosciences Inc., a clinical-stage company developing highly differentiated therapeutics that target the underlying mechanisms of cancer, today announced that William G. Rice, Chairman, President and Chief Executive Officer, and Gregory K. Chow, Senior Vice President and Chief Financial Officer, will participate at the 17th Annual Biotech in Europe Forum at the Congress Centre Basel, Switzerland on Wednesday, September 27, 2017.

APTO EI.png

IGC:

Technicals - 16.86M float.  Strong break above resistance line going back to late June 2017.  RSI and MACD trending up for over a week.  Volume on Tuesday was 3 times the EMA(50) volume.

News - On Monday, IGC provided an update on compelling in vitro data compiled from genetically engineered cell lines within an Alzheimer’s disease model, showing that at varying concentrations of THC, the aggregation of Aβ protein decreases by as much as 40%.  “As Alzheimer’s progresses, synaptic dysfunction and the death of neurons lead to memory loss. These study results, when combined with the earlier reported data that shows IGC-AD1 reduces Aβ40 and Aβ42 production by as much as 50%, and 40%, without any toxicity, represent a highly significant novel breakthrough that could potentially bring much needed relief from this devastating disease,” states IGC’s CEO Ram Mukunda.

IGC EI.png

NTAP:

Technicals - 269.6M Float. Price gapped into the green cloud on Tuesday almost completing a gap fill from August 17th.  MACD Line crossed 0, RSI continues it nice uptrend and Volume was almost double its EMA(50) volume.    

News - NTAP today introduced a powerful system that has set new records for price/performance. NetApp has also added new software to its big data analytics portfolio, including the first available NVMe-enabled solution on the market and a NetApp® Converged Infrastructure Solution for Data Analytics. These new offerings provide ultrafast performance and the building blocks for analytics data management that is fast, secure, efficient, and future-proof. 

Roumer - NetApp could be acquired by Cisco Systems, writes Srini Nandury of boutique research firm Summit Redstone, given that Cisco is weak in gear that competes with Hewlett Packard Enterprise. Another storage vendor, Pure Storage, has been trying to shop itself, he hears from his contacts in the Valley.

NTAP EI.png

CFG:

Technicals - 499.4M Float.  Surpassed resistance at 35.47.  My PT is 36.95.  Note the strong technical indicators over the past week.  Volume has been average but expecting an increase in the next day or two.

News - CFG operates as the bank holding company for Citizens Bank, N.A. and Citizens Bank of Pennsylvania which provide retail and commercial banking products and services. It holds a Zacks Rank #2 and has a 21.4% expected EPS growth rate for 3–5 years. The company delivered an average positive earnings surprise of 9.1% for the trailing four quarters.

CFG EI.png

ACBFF:

Technicals - 261.35M Float.  Great looking chart as price closed above a triple top.  A continuation of the up-trending channel will bring the price up to my PT of 2.60.

News - Marijuana may be illegal at the federal level, but that hasn't slowed growth of the drug one iota within the U.S. or North America. In June, Mexico fully legalized medical cannabis , and right now Canada is debating legislation that would legalize recreational marijuana by the summer of 2018. This expansion comes on top of continued growth in the U.S. market, which now has 29 medical cannabis-legal states, and eight that allow adult-use sales.  ACBFF is one of the top cash-rich companies in the industry with over $91.4M.

ACBFF EI.png
Member Login
Welcome, (First Name)!

Forgot? Show
Log In
Enter Member Area
My Profile Not a member? Sign up. Log Out