Daily Archives: December 21, 2017

The Circle of Life

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One of my favorite coffee table books is an anniversary retrospective of Saturday Night Live over the decades. In the volume is a picture of all the big-shots around the writer’s table. During each week, they all gather for a table read – – Lorne Michaels, the week’s host, the head writers, and the regular cast members. This isn’t the picture shown in the book, but it shows a similar table read during a different week than the one portrayed:

lorne

The specific photo in the book was during the week in which Alec Baldwin and Kim Basinger were the co-hosts. It must have been around 1993 or so. (more…)

Breakout Charts to Watch

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Here are four stocks showing strong technical momentum.

BlackBerry Limited (BB) shot up out of a double-top pattern on Wednesday, closing up nearly 12% at $12.17 on 29 million shares traded. That was the largest volume since the end of September, and more than 7x the stock’s daily average. The move came with the company’s positive earnings announcement and news on the transformation of its core business from communications hardware to cybersecurity solutions. Price has not been this high since January 2015. Next targets: $14 and $17.

Cymabay Therapeutics, Inc. (CBAY) launched out of a 36-day bull wedge consolidation, closing up 6.9% at $8.99 on heavy volume of 786,000 shares traded and no news. Analysts have voiced strong support this year for the company’s liver disease drug, now in clinical trials, based on its potential for market leadership. The stock has risen nearly 300% during 2017. If price can close above the October 30 high of $9.40, next targets are $11 and $14. (more…)