3 Diverse Stocks This Expert Is Watching (In 3 Charts)

In a recent report to subscribers, Roberto Pedone, an independent trader focused on technical analysis, analyzed a trio of stocks.

The expert commented on Cyberark Software Ltd (NASDAQ: CYBR), Weight Watchers International, Inc. (NYSE: WTW) and Esperion Therapeutics Inc (NASDAQ: ESPR).

Cyberark Software

Pedone sees another cyber security play with Cyber-Ark. “This one gapped and ran today [4/17] with volume. Now setting up to break out again, over some resistance levels that have held since Feb," he wrote.

His trading idea: “Look for a move over $62 to $63 and then $63.50 to $64 with volume. I would want nothing to do with this below $59, and maybe gun against $60.50ish.”

Weight Watchers International

Regarding Weight Watchers, the expert says the stock “has been destroyed, and the shorts have been paid.”

He continues to explain that more than 44 percent of the float is sold short, and he thinks “it's time the bears with brains cover some here and lock in profits and squeeze the stubborn shorts who think it's going to zero or something.”

Pedone adds: “Double bottom in place, broke over the downtrend line Wed. with light volume though. Maybe we get a back test of the trendline and then it rips. 20-day is $7.78 key off that. Over Wed. high of $8.39 then $9 should trigger some short covering.”

Esperion Therapeutics

Pedone says he does not love the chart for Esperion “due to some divergences.” However, he adds, “price pays and it looks ready to breakout. Coming of a nice base and off the 20-day, this will trigger over Tuesday's high of $105.08 and then over more resistance at $109.68 with volume.”

He concludes: Esperion could be a mover.