Wednesday, April 15, 2015

Reviewing some recent breakouts $RMBS, $NWBO, $CYNO, $AKRX

$RMBS appears to be a failed breakout and needs to hold support. It had heavy selling but certainly didn't finish at the lows today.

$NWBO approaches near-term resistance at 8.60. This hated and heavily-shorted stock is probably due for a pullback.

$CYNO also looks vulnerable. It will be interesting if it can hold 31. Although, this high-growth stock could trend higher in a channel. Perhaps it will find buyers at the 50 day moving average.

$AKRX is testing resistance from early March. It has moved strong since early April, and seems this high-growth stock is ready to drop a few points. Perhaps it bases between 50 and 52 before doing anything significant.