RevShark Watchlist 04-25-17: CAMP, BLDP, QBAK, LPTH

After more than a week of little movement near key near-term support levels, the market caught investors by surprise on Monday by gapping sharply higher and posting solid gains on the session. As we’ve been saying, the bearish arguments have been compelling, but that...

RevShark Watchlist 04-21-17: KURA, ADSK, XOMA, IOTS

After struggling for 5 out of the past 6 session, the bulls managed a pretty good session on Thursday. Gains were solid and breadth was good, but the action didn’t do much to resolve the shorter-term technical picture in with the indices remain in their multiweek...

RevShark Watchlist 04-19-17: LL, COOL, MVIS, IAC

Although the newsflow continues to support the bears’ case, they just haven’t been able to gain a real toe-hold. After a gap lower to start the day on Tuesday, the dip buyers showed up to prevent any real technical damage, but weren’t able to gain any traction either....

RevShark Watchlist 04-18-17: MB, ENZ, MSB, DFRG

Stocks were uncharacteristically weak heading into the long weekend, putting in two solid down days Wednesday and Thursday, leaving the indices a little oversold in the short-term and the S&P 500 under its 50dma for the first time in about 6 months or so. That...

RevShark Watchlist: MTZ, INVE, DRNA, AKAM

The last time we met, we discussed how the action has been a bit tedious lately and how neither bull nor bear was able to make any meaningful progress. We’re still in the first half of a short week, and so far, that hasn’t changed. Whether or not we’re seeing the...

RevShark Watchlist 04-07-17: BWEN, BECN, SB, PLNT, CYBE

It’s been a bit of a slog so far this week. Wednesday was particularly challenging after the indices gapped sharply higher following the ADP report and proceeded to fall apart after the minutes from the most recent FOMC meeting hit the wires. Both sides continue to...

RevShark Watchlist 03-04-17: OMER, TITN, NDRM, IMGN, ENZ

Over the past few weeks, the indices have been pulling back from highs as they work off the extreme overbought conditions from early March. The bears, of course, are convinced that “the top” is in (whatever that means) and they continually point to matters such as...

RevShark Watchlist 03-31-17: CMTL, NNBR, HLIT, FLXN, TTMI

It’s the last day of the quarter, and overall, it offered up some good opportunities for those who prefer to shy away from making predictions or thinking that they know better than what the pricing action is telling them. There were some solid chart set-ups (like LTRX...

RevShark Watchlist 03-29-17: BCLI, PIRS, ARCO, GNK

As we kicked off the new week, the bears were convinced that all their prognosticating would finally pay off. Stocks had a relatively sizable drop last Tuesday and the failure of the healthcare bill last Friday. Indeed, with a big gap down at the open Monday morning,...

RevShark Watchlist 03-24-17: OSUR, PULM, NKTR, APO

After 161 days, the S&P 500 finally saw a one-day decline greater than 1% two days ago. That’s a few weeks shy of a half a year, and it can always be a bit unnerving to see weeks of slow but steady gains in one’s portfolio evaporate in a few hours. The question,...

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