Stocks Watchlist For Friday, Dec 16

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ABAT ran for over 100% when I first alerted on Monday via twitter and made my members substantial gains !!! Once again and based on yesterday's post, the stock performed according to my expectations today rewarding traders with a swift and easy 30% gain ! But from what I'm seeing right now... As the chart noted earlier, one of the key resistances was 87 cents ( 50-day MA ), and traders accumulated stock fast enough to bull rush past that point and reach 90 cents. Even after its 100% bounce, ABAT 's chart does not seem to indicate the stock being overbought. Plus, the accumulation remains extremely strong, which shows how hungry traders seem to be for ABAT shares. Volume today topped a stunning 1.5 million shares very strong and encouraging turnover, to say the least ! Looking at the technical daily chart above, it seems the stock broke the strong resistance area at $.87 and has moved decisively to the upside. That is a powerful sign that high prices are likely to continue. Long positions may be considered on price weakness, with a stop-loss at $.64 The next resistance it could encounter is at $1.10. Once that level is breached, the next resistance could be its 200-day MA at $1.49. Remember traders to always use stop-loss orders to secure profits and minimize your losses.

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Shares of Career Education Corp. (NASDAQ:CECO) are starting to heat up again and are worth watching. Next resistance is now located at $7.17 ( 20-day MA ) and if the stock breaks above this level, you could see a nice pop.

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Spectrum Pharmaceuticals, Inc. (NASDAQ:SPPI) enjoys a strong support at the $13.66 area. Only a close below this zone would have negative implications. The medium-term trend is bullish and would remain so, as long as the stock holds above this area.

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Heckmann Corporation (NYSE:HEK) continued to show strength with another gain on strong volume. Long entry is at $6.65.

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Other stocks to watch :

New 52-week High stocks

NVLS - Novellus Systems, Inc.
DUK - DUKE ENERGY CORP
SONO - SonoSite, Inc
LLY - LILLY ELI & CO
XEL - XCEL ENERGY INC
ED - CONSOLIDATED EDISON
ALK - ALASKA AIR GROUP INC
PAA - PLAINS ALL AMERICAN
PNY - PIEDMONT NAT GAS CO
MDF - Metropolitan Health
CBM - CAMBREX CORP
STAA - STAAR Surgical Company

New 52-week Low stocks

BSX - BOSTON SCIENTIFIC CORP
ITMN - InterMune Pharmaceutical
FSLR - First Solar Inc
UNG - United States Natural
VALE - Vale S A ADR
RIG - Transocean Ltd
SYMC - Symantec Corporation
DMND - DIAMOND FOODS
SINA - sina.com
MFC - MANULIFE FINANCIAL
TMO - Thermo Fisher Science
IAG - IAMGOLD CP
HGSI - Human Genome Science
CREE - Cree, Inc
STJ - ST JUDE MEDICAL INC
AEM - AGNICO EAGLE MINES LTD
AMRN - Amarin Corporation
RSH - RADIOSHACK CORP
BGCP - eSpeed, Inc.
ROVI - Macrovision Corporation
CROX - CROCS INC

US Earnings Calendar for Friday, December 16

Angeion Corp - ANGN
Darden Restaurants Inc - DRI
interCLICK Inc - ICLK
Shiloh Industries Inc - SHLO

Unusual Volume

SEAOF - Seaco Ltd
LRCX - Lam Research Corporation
ITMN - InterMune Pharmaceutical
VELA - Mortlock Ventures Inc
SONO - SonoSite, Inc.
ARIA - ARIAD Pharmaceutical
FEEC - FAR EAST ENERGY CORP
ATHN - athenahealth Inc
FDX - FedEx Corporation
AIS - Antares Pharma Inc
CEG - Constellation Energy
PAY - Verifone Systems
CYTK - CYTOKINETICS INC
ZOLL - Zoll Medical Corporation
SMAA - SMA Alliance Inc
AVII - AVI BioPharma, Inc.
CDR - Cedar Realty Trust
NDSN - Nordson Corporation

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: ABAT, CECO, HEK, SPPI