4 stocks to watch on Wednesday, August 24

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FormFactor, Inc.(NASDAQ:FORM) - Technical daily chart is showing a bullish engulfing pattern which is bullish in nature, but bulls has to go through a cluster of resistance as shown the red line in the chart. Resistance cluster is from 8.41-8.56 area. Price needs also to keep its head above 13 day moving average which is important for bulls. The daily stochastic is oversold, indicating a higher probability for the daily trend to resume up. Stay tuned.... I still like this stock and I like it even more at this price.

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Novatel Wireless, Inc. (NASDAQ:NVTL) - On the daily time-frame the MACD-histogram has been sloping up and the daily slow stochastics and RSI are both rising, indicating bullishness. Watching over 3.69 for a trade.

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THQ Inc. (NASDAQ:THQI) - As you can see, the MACD just crossed above its signal line and in buy mode. Other supporting evidence to enter long is that the stochastic and RSI are moving upwards as well.

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MELA Sciences, Inc. (NASDAQ:MELA) - The daily MACD-histogram has ticked up, indicating that the bears are losing momentum. The 10-day MA has stopped declining and has flattened out. These factors suggest taking a long position. Looks decent for $2.27 breakout.

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Unusual volume on Tuesday's trading session

RXPC - AMDL Inc
TIN - TEMPLE INLAND INC
NXOI - Maxmus Exploration
COCO - Corinthian Colleges
OCR - OMNICARE INC
PMC - Pharmerica Corp
PWRD - Perfect World Co Ltd
HHWW - Horiyoshi Worldwide
FOJCY - Fortum OYJ
CHEUY - Cheung Kong Hldgs
RP - RealPage Inc
INVE - Identive Group
LIEG - LI3 Energy Inc
TLPH - Teliphone Corp
GPLS - Geopulse Exploration
BEAT - CardioNet Inc
EAHC - EXPLORE ANYWHERE HLD
STRL - Sterling Construction
EFGU - Empire Film Group Inc
LMLP - LML Payment Systems
IDSY - I.D. Systems, Inc.
VLKAY - Volkswagen AG (ADR)
EIHC - Xiom Corp
HRAL - HearAtLast Holdings
SBGSY - Schneider Electric SA
USAK - USA Truck, Inc.
TTT - MFC Bancorp Ltd.
WWAG - Novamed Inc
AMAR - Amarillo Biosciences
BHPLF - BHP BILLITON LTD
RSRZY - Rossi Residencial SA
DDE - DOVER DOWNS GAMING
SPMI - SPEEDEMISSIONS INC
URXE - LAKEFIELD VENTURES
COLV - Coastal Integrated
WOLV - Wolverine Exploration
DFTC - Splinternet Holding
GNLK - Genelink Inc
ABGFF - AMERICAN BONANZA GOL
KUTV - HURRAY! HOLDING CO
BPWRF - BALATON POWER INC
RVUE - RVUE Holdings Inc

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.

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Labels: FORM, MELA, NVTL, THQI