Top 4 Setups for Wednesday
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Shares of DryShips Inc. (NASDAQ:DRYS) rose 8% to $4.05 cents per share. The technical chart above shows the stock could still go higher as %K line is rising on top of %D line indicating buy signal. In addition, ROC is still at oversold level and could attract bargain hunters. However, the stock is still in bear market as MACD and signal line are still below 0. Based on current trend, the stock may go till $4.54 per share or the 50 day sma before facing the next resistence.
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The area comprehended between $43 and $44 represents a heavy resistance for Dendreon Corporation (NASDAQ:DNDN). At this stage, the stock is extended for additional positions, and is near the overbought zone. I really like the chart but at this level I would wait for a pull back before putting any cash to work. A close above $43.96 would have positive implications and could drive the stock much higher. Keep DNDN on your radar.
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FormFactor, Inc. (NASDAQ:FORM) corrected from its recent high, but received support from its 200 day EMA. The stock rallied with the market today but the bounce stalled near its 50-day sma. Short-term technical indicators are improving and the MACD on the daily chart shows a possible bullish crossover. In addition, the slow stochastics has moved up strongly from the oversold zone. Right now, the stock looks like it could really get some momentum if it could get over its 50-day moving average at $9.98. If the stock can break above this level, it's worth a trade. FORM will move very quickly, so keep a very close eye on the stock.
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TEKELEC (NASDAQ:TKLC) has appeared recently on my blog for a potential move higher. Looking at technical chart above, you can see for yourself that the recent gains have come on relatively strong volume. Other factors that are in favor of a move higher is the technical indicator On Balance Volume and the the Relative Strength Index. In addition, the stock is trading above both 20 day and 50 day moving average and MACD is above 0 showing positive momentum. Resistance for Wednesday’s move is $9.22, which reflects Tuesday’s high of the day.
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Other stocks to watch :
Unusual volume in today's trading session
MCET - MultiCell Technologies, Inc.
NOK - NOKIA CORP
NEOM - NeoMedia Technologies, Inc.
DIAAF - Diamant Art Corporation
LBSR - Liberty Star Uranium & Metals Corp.
FCEL - FuelCell Energy, Inc.
WTWO - W2 Energy, Inc.
AVTI - Avitar, Inc.
YONG - Golden Tan Inc
AMHD - Timber Resources International, Inc.
AVGO - Avago Technologies
OPTR - Optimer Pharmaceutical
CMEY - cMoney Inc
FTWR - FiberTower Corp
CAVR - CAVU Resources Inc.
EIHC - Xiom Corp
HDUP - HeadsUp Entertainment
HEARQ - HearUSA Inc
ASH - ASHLAND INC
ZLC - Zale Corp
CBEH - China Intgrt Enr
HNHI - H & H Imports Inc
CBLI - CLEVELAND BIOLABS
FRC - First Republic Bank
KBX - KIMBER RES INC
MHLD - Maiden Hldgs Ltd
EGTK - Energtek Inc
MKTX - MARKETAXESS HLDGS INC
COPY - Copytele, Inc.
CSUN - China Sunergy Co Ltd
COBI - Glass Wave Enterprise
SNYNF - Sanofi-Aventis SA
SWCC - Southwest Casino Corp
GIVN - Given Imaging Ltd.
MPET - Magellan Petroleum
SDDDF - Sulliden Gold Corp Ltd
PHIE - PROVIDENTIAL HLDGS INC
TNXI - Telanetix Inc
GNLK - Genelink Inc
DGW - Duoyuan ADR
NVGN - Novogen Limited
ZN - Zion Oil & Gas
AEHR - Aehr Test Systems
NJ - NIDEC CORP
CHUX - O'Charley's Inc.
SRGZ - Elan Development Inc
KONE - Kingtone Wirelessin
LAS - Lentuo International
TKPPY - TECHNIP
VSYM - View Systems Inc
New 52-week high stocks
NWSA - News Corp Ltd
ICO - INTERNATIONAL COAL
MPEL - Melco Crown Adr
MO - ALTRIA GROUP
CIGX - Star Scientific, Inc.
NVS - NOVARTIS A G
CBS - CBS Cl B
ASH - ASHLAND INC
ZLC - Zale Corp
PM - Philip Morris International
ELN - ELAN CORP P L C
NFLX - Netflix, Inc.
RKT - ROCK TENN CO
SLM - USA EDUCATION INC
PTEN - Patterson-UTI Energy
CY - Cypress Semiconductor
ERTS - Electronic Arts Inc.
HCA - HCA Holdings
COH - Coach Inc
MDCO - Medicines Company
AMB - AMB Property Corp
DF - DEAN FOODS INC
CROX - CROCS INC
TIF - TIFFANY AND CO
HNZ - HEINZ H J CO
CF - CF INDUSTRIES HOLDINGS
CI - C I G N A CORP
NR - NEWPARK RESOURCES INC
IMAX - Imax Corporation
COG - CABOT OIL & GAS CORP
MJN - Mead Johnson Nutrition
DISH - Dish Network A
CHU - CHINA UNICOM LTD
FRX - FOREST LABORATORIES
CAH - CARDINAL HEALTH INC
GLNG - GOLAR LNG LTD
TMO - Thermo Fisher Science
ANF - ABERCROMBIE & FITCH CO
ONTY - Biomira Inc.
MYGN - Myriad Genetics, Inc.
INFA - Informatica Corp
DAR - Darling Intl
UNP - UNION PACIFIC CORP
SGEN - Seattle Genetics
CTXS - Citrix Systems, Inc.
HUM - HUMANA INC
TLCR - Talecris Biotherapeutics
MHLD - Maiden Hldgs Ltd
ECL - ECOLAB INC
HLF - HERBALIFE LTD
CNK - Cinemark Holdings Inc
VECO - Veeco Instruments Inc.
HAIN - The Hain Celestial
BMRN - BioMarin Pharmaceutical
HLS - HEALTHSOUTH Corp.
ULTA - Ulta Salon Cosmetic
NLSN - Nielsen Holdings
SHW - SHERWIN WILLIAMS CO
EQT - EQT Corporation
GLBC - GLOBAL CROSSING LTD
RAI - RJ Reynolds Tobacco
UAN - CVR Partners
DPZ - DOMINO'S PIZZA INC
XTXI - CROSSTEX ENERGY INC
BMC - BMC Software Inc
VOLC - VOLCANO CORPORATION
POL - PolyOne Corp
SCLN - SciClone Pharmaceutical
ASNA - Ascena Retail Group
BMR - BIOMED REALTY TR INC
BXP - BOSTON PROPERTIES INC
DEO - DIAGEO P L C NEW
LKQX - LKQ CP
WPI - WATSON PHARMACEUTICALS
NGG - National Grid Trans
BKS - BARNES & NOBLE INC
BUCY - Bucyrus Intl
CVLT - CommVault Systems Inc
QEP - Qep Resources
BCE - B C E INC
CNI - CANADIAN NATL RAIL CO
DSW - DSW INC
DUSA - DUSA Pharmaceuticals
SAPE - Sapient Corporation
HANS - Hansen Natural Corporation
TCO - TAUBMAN CENTERS INC
CTAS - Cintas Corporation
MA - MASTERCARD INCORPORPORATION
RRGB - RED ROBIN GOURMET B
ALB - ALBEMARLE CORP
MW - Men's Wearhouse Inc
ELGX - Endologix Inc
GRA - GRACE W R & CO NEW
TRP - Transcanada Corp
SJM - Smucker JM Co
DG - Dollar General Corp
Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.
Thanks for visiting AC Investor Blog.
AC
Labels: DNDN, DRYS, FORM, TKLC
