-Financial Tools Futures Market--TRADE IDEAS-- OPTION ALERTS -BENZINGA PRO-

« Home | One of the most dangerous trails in the world - El... » | Stocks to watch Wednesday- Sohu.com , Rambus and C... » | Bank Stocks to watch Tuesday - Bank of America Cor... » | Ferrari motorcycle concept » | Stocks to keep a look out for next week - Euronet ... » | Stocks to watch Friday - Edwards Lifesciences and ... » | The future green car of Honda » | Bearish stocks to watch tomorrow - Potash and Mosa... » | Trade Ideas for Wednesday - Trian Solar and Evergr... » | Trade Ideas for Tuesday - Rambus and Netflix » 

Wednesday, June 24, 2009 

Healthcare stocks to watch on Thursday - Spectrum Pharmaceuticals and SciClone Pharmaceuticals

Chart courtesy of www.stockcharts.com ( click to enlarge )

SCLN was correcting in a downward channel after having doubled in value. Today, the stock finally broke out of a downward trending channel on strong volume and looked poised to move higher to test the May highs. A move to the 2.42-2.50 range appears likely. The technical chart shows positive sign as the stock has just rose above the 13 day moving average again and RSI moves up. Shareholders may remain invested with a stop-loss at 2.15.

Chart courtesy of www.stockcharts.com ( click to enlarge )

SPPI - The stock is trading near its all time high. Buy only when the stock breaches $6.35. Once the stock breaks this level we should see a strong upside move. SPPI will move very quickly, so keep the stock on your screen throughout the day on Thursday.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's all Folks. See you on Thursday !!!


Labels: ,

Bookmark and Share


About Me

  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

  • Benzinga.com supporter

    Benzinga.com supporter


      Enter your email address:

      Delivered by FeedBurner

      Subscribe my feed :

    Support AC

    • Support AC Investor Blog, Donate with PayPal


      Interested in advertising on AC Investor Blog ? Click Here


    Site Information

    Stock Market Blogroll

    Friends BLOGROLL


Powered by Blogger
and Blogger Templates

Add to Google