Hot stocks for Thursday - Curis , JDS Uniphase and Cliffs Natural Resources

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The appetite for Curis shares have been increased over the recent weeks and probably will increase even more after yesterday presentation. The rumours behind a possible takeover by Roche or any other still also in place and the likelihood of this happening are high given the good results of the latest products developed. I got to my block of memory and went to investigate the latest companies bought by Roche. In 2007 there was a small cap biotech quoted at 0.15 that was bought by Roche by 0.60, exactly few days after the last presentation of the development of its products. Coincidence or not, we are experiencing something very similar. Nevertheless, Curis still has good cash in hands to continue its development work and has no debt, something very healthy for today's enterprises in this sector. I mentioned it here in recent weeks, after having detected a high flow of money into action. The recent healthy pull-back has been a good opportunity for investors who have lost the last rally. From a technical standpoint, the stock looks to have found a bottom the past few days. If the stock can break Wednesday’s high of $2.42, we should see another strong upside move. CRIS can be a hard stock to trade, in that it will move very quickly. Watch it closely and do not chase if you miss the entry price.

Market Capitalization: 155.47M
Average daily volume (3-month): 327,000 Shares
Closing Stock Price: $2.34
Debt: $0
Cash: $26.84M

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CLF - The technical daily chart shows a Bull Flag formation that should resolve itself to the upside in a thrust to new highs above 34.45. Generally, bull-flag patterns are continuation patterns that indicate a consolidation before a move upwards. Definitely keep this one on your watchlists.

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JDSU tried to break down on Wednesday, but the with a 3.19% jump to $7.11. There are buyers and if the market can turn around the stock should move as well. The daily technical indicators are reversing up and are advocating for a technical rebound. Resistance stays at $7.90. There is good upside in this trade, so keep watching JDSU for the next few days.

Other Stocks to Watch :

Today's candlestick pattern was a Bullish Engulfing

GCI - GANNETT CO INC
TLAB - Tellabs, Inc.
YUM - TRICON GLOBAL REST INC
SLE - SARA LEE CORP
CELG - Celgene Corporation
VMW - VMWARE
VCLK - ValueClick, Inc.
ALB - ALBEMARLE CORP
UTIW - UTI Worldwide Inc
DVA - DaVita Inc
CERN - Cerner Corporation
NZ - Netezza Corp
PNK - PINNACLE ENTERTAINMENT
SAPE - Sapient Corporation
NAVI - NaviSite, Inc.
DGI - Digitalglobe Inc
HSYT - Home System Group
CBEY - Cbeyond Inc

Today's candlestick pattern was a Bearish Engulfing

PFE - PFIZER INC.
XRX - XEROX CORP
KEY - KEYCORP
EBAY - eBay Inc.
BJS - B J SERVICES CO
EP - EL PASO CORP
WYNN - Wynn Resorts LTD
ACI - ARCH COAL INC
JCI - JOHNSON CONTROLS INC
CUZ - COUSINS PROPERTIES INC
ADSK - Autodesk, Inc.
MTL - MECHEL OAO
ZZ - SEALY CORPORATION
MAS - Masco Corporation
LMT - LOCKHEED MARTIN CORP
SVU - SUPERVALU INC
SII - SMITH INTL INC
JASO - JA Solar Holdings
CVG - CONVERGYS CORP
CTL - CENTURYTEL INC
CAM - Cameron Intl
ABB - ABB LTD
OMTR - OMNITURE INC
AEE - AMEREN CORP
GSAE - Green Star Alternative
DHR - DANAHER CORP
PTV - PACTIV CORPORATION
AGU - AGRIUM INC
NOC - NORTHROP GRUMMAN CORP
TEN - Tenneco Inc

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 tomorrow...
Cheers!

AC

Labels: CLF, CRIS, JDSU