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[Costa]

The stock price of Onconova Therapeutics Inc (NASDAQ:ONTX) could see a nice rally just based upon the current daily charts. The daily indicators are strengthening and the fast moving daily MACD has crossed over the Slow moving MACD with positive divergences. In addition, +DI crossed over -DI, which is bullish. So, key momentum oscillators are showing some promising signs.The 50-day EMA sits at $14.14 and the 100-day EMA is at $17.92, a lot of room to go higher. This stock is also a short squeeze candidate. Right now, 1.456 million of the company's outstanding shares are shorted, equivalent to 41.98% of float. This stock deserves watching going forward.

Stocks to Watch for January 21, 2014