Watchlist 9/22/17

Note: All stocks in this 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.

OPK: 

Technicals - The Price Momentum Oscillator on the weekly chart crossed its signal last week and on the daily chart, it crossed on Thursday.  It also appears the PMO is going to cross 0 possible tomorrow.  This indicator, as well as others, often signify a strong bullish price move.  In addition, there was a solid move above the resistance line for the first time in many months.

News: Announces that BioReference Laboratories, an OPKO Health company and one of the largest commercial laboratories in the U.S., has formed a national affiliation with The Garage, a dynamic, healthcare technology change agent, to provide clinicians with advanced tools to guide quality, value-based care.

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QURE:

Technicals - Shares float is 25.43M.  Very strong day as the price closed above double-top resistance line.  Indicators are very bullish, especially with massive volume on Thursday and finishing the day on a solid uptrend..  Next resistance from over 13 months ago is 9.72.  With the momentum the stock has over the past 6 months, it should easy top that resistance.  After that, it could be clear sailing to 11.50 IMO.  

News - I could not find any news but with the momentum and volume, something might be up.

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GRPN:

Technicals - GRPN was supposed to be one of the star stock of 2017.  However, it's only been since June that it started trending up.  The stock has been consolidating for the past three weeks with a breakout on Thursday.  Volume > EMA(50) volume and MACD looks like it will cross its signal on Friday above 0.  Looking for a PT of 5.00

News - The stock took off in June due to the roumer of a potential buyout by IAC.  Piper Jaffray, wrote that the stock was "trading well below fair value" and suggested there is a chance that the company could be bought by IAC (IAC).  B. Riley analyst Sameet Sinha raised his price target on the shares to $5.50 from $4.20. 

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NTNX:

Technicals - Shares float is 77.94M.  A former runner that appears to be putting its running shoes on again.  MACD and PMO indicators both crossed their signal lines above 0 on Thursday.  IMO, that a very bullish sign.  There is an initial resistance at 24.19 but after that, it could spike to about 30.00 - 35.00.

News - From Zacks on Thursday:
NTNX looks well positioned for a solid gain, but has been overlooked by investors lately, is Nutanix, Inc. NTNX. This Computers – IT Services stock has actually seen estimates rise over the past month for the current fiscal year by about 30.7%. But that is not yet reflected in its price, as the stock gained only 0.7% over the same time frame.  This year’s expected earnings growth over the prior year is 32.3%, which should ultimately translate into price appreciation.  And if this isn’t enough, NTNX currently carries a Zacks Rank #2 (Buy) which further underscores the potential for its outperformance.  So if you are looking for a stock flying under-the-radar that is well-equipped to bounce down the road, make sure to consider Nutanix. Solid estimate revisions and an impressive Zacks Rank suggest that better days may be ahead for NTNX and that now might be an interesting buying opportunity.

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