Stocks Watchlist For Thursday, Dec 08

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Today's chart of the day is Spectrum Pharmaceuticals, Inc. (NASDAQ:SPPI). What I like about this stock is the relative performance it has exhibited in the last few weeks with respect to the overall markets. The stock chart pattern continued its bullish fervour today, making another new high of $15.09. Looking at the technical chart the slow stochastic and MACD continued to move up in the overbought zone. The RSI moved sideways above the 70% level. All three EMAs are moving up and the stock is well above them. A short correction may be in the offing, but the bull rally is under no immediate threat.

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Shares of Intel Corporation (NASDAQ:INTC) also joined the bull party and made a new high of $25.78. The stock is well above the 3 EMAs, which are all moving up. The slow stochastic is moving up in the overbought zone. The MACD is rising in the positive zone and is above the signal line. The RSI is also moving up above the 50% level. The bulls may continue their domination, but you should be prepared for a possible correction.

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Pacific Biosciences of California (NASDAQ:PACB) saw continued buying pressure today. I alerted this stock to my twitter follwers at $2.59. I think current levels offer a great chance to play a rebound in shares. The stock closed today at $2.70. From a technical standpoint, the stock has build a support around $2.39 and $2.45 recently and do has the chance to go up. Any breakout above 50-day MA will be positive sign.

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Other stocks to watch :

Unusual Volume

AMR - A M R CORP
DG - Dollar General Corp
VELA - Mortlock Ventures Inc
TLB - TALBOTS INC
RATE - Bankrate Inc
SAN - BANCO SANTIAGO
MW - Men's Wearhouse Inc
ADXS - ADVAXIS INC
PYMX - POLYMEDIX INC
THWI - Thwapr Inc
VRA - Vera Bradley Inc
MMRF - Mmrglobal Inc
CYB - WisdomTree Dreyfus
MIND - Mitcham Industries

WLOL - Winlnd Ocn Ship
PLXT - PLX Technology, Inc.
ACUZW - Accuride Corp
CYCC - XCYTE THERAPIES INC
AFLYY - AIR FRANCE-KLM ADS
BNX - InterSearch Group Inc
AXPW - AXION POWER INTL INC
HSYT - Home System Group
INO - Inovio Pharm Inc
REVU - Princeton Review
FRAN - Francesca's Holding
NATDF - NORTH ATLANTIC DRILL
CICHY - China Construction
UWBK - Matrix Bancorp, Inc

MACD Bullish cross

AMAT - Applied Materials
FNMA - Fannie Mae
RIG - Transocean Ltd
MW - Men's Wearhouse Inc
NEM - NEWMONT MINING CORP
FRO - FRONTLINE LTD
PYMX - POLYMEDIX INC
GPS - GAP INC
SAPX - Seven Arts Ent
TEL - Te Connectivity
RVBD - Riverbed Technology
STM - STMicroelectronics NV
APKT - Acme Packet Inc
ARO - AEROPOSTALE INC
CELG - Celgene Corporation
REVU - Princeton Review
XLS - Exelis Inc
TCB - T C F FINANCIAL CORP
PIR - Pier 1 Imports Inc
YMI - YM BIOSCIENCES INC

NATDF - NORTH ATLANTIC DRILL
EIX - EDISON INTERNATIONAL
NCR - N C R CORP
WTW - WEIGHT WATCHERS INT
ENB - ENBRIDGE INC
SFL - SHIP FINANCE INTL LTD
MRVC - Mrv Comm Inc
VMW - VMWARE INC CLASS
ENS - ENERSYS
GTSO - Green Technology So
SPG - SIMON PROPERTY GROUP
TRI - THOMSON CORP
MJNA - Medical Marijuana Inc
BIOD - Biodel Inc
TEAR - Tearlab Corp
MGI - Moneygram Intl

New 52-week High stocks
INTC - Intel Corporation
LLY - LILLY ELI & CO
HD - HOME DEPOT INC
IBM - INTERNATIONAL BUSINESS
YUM - TRICON GLOBAL REST INC
LNT - Alliant Energy Corp
LQDT - LIQUIDITY SERVICES
PKT - ZOWCOM INC

New 52-week Low stocks

DMND - DIAMOND FOODS
DRIV - Digital River, Inc.
SLH - Solera Holdings Inc
CEL - Cellcom Isreal Ltd

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.

Labels: INTC, PACB, SPPI