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Wednesday, December 14, 2011 

Stocks Watchlist For Thursday, Dec 15

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I mentioned Zalicus, Inc. (NASDAQ:ZLCS) before as a stock I was watching for an entry on. Stock has been in a very clear downtrend until some recent consolidation in the $1.05 area. There has been a decent increase in volume signaling of accumulation. The stock showed more signs of strength on today's session, as the stock closed up 10 cents on the day.

A quick look at the technical chart :

1) ZLCS is currently moving up with heavy volume
2) 20 day moving average crossed the 50 day moving average to the upside.
3) MACD lines are going up
4) RSI still above the neutral 50 level at 57, buyers strength still persists.
5) Money Flow-Index still climbing.
6) The +DI crossed up through the -DI this month - Bullish.
7) %K line has crossed on top over %D line
8) OBV still climbing.

The strong accumulation over the past weeks has shown funds moving into the company and moved share prices upward. Keep watching ZLCS this week since anticipated increased volume tomorrow that could push shares higher. Given how high ZLCS has gone in the past, this could be a great buying opportunity if it sees a strong rally ! Don't miss this opportunity research the stock now !

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Novatel Wireless, Inc. (NASDAQ:NVTL) made a nice reversal today and finished stronger. The technical chart above suggests that stock might find now resistance at $3.04. Only a close above this level would suggest further upside.

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Advanced Battery Technologies, Inc. (PINK:ABAT) made a strong upside reversal this week. On Monday, I  alerted my twitter followers for a possible strong rebound. The technical chart above suggests that stock might find now resistance at $.87. Only a close above this level would suggest further upside. I think the stock is due for recovery as %K line has crossed on top over %D line. The stock needs to close above $.912 in order to alleviate the negative near term view. Remain invested with a stop loss at $.48.

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Eli Lilly & Co. (NYSE:LLY) broke out to a new all-time high today, accompained by a strong volume suggesting higher levels. The technical chart still showing a bullish bias. KD line shows positive signs as %K line is rising on top over %D line and RSI continue moving up. I suspect the stock may continue to appreciate over the coming days.

I encourage everybody to subscribe my twitter and newsletter, so you can receive my trade ideas and stock news in real time.

Other stocks to watch : 
Unusual Volume :

LNG - Cheniere Energy Inc
FSLR - First Solar Inc
WAMUQ - Washington Mutual Inc
HDY - Hyperdynamics Corp
CBIS - National Healthcare
BPAX - Biosante Pharmaceutical
GNBT - Generex Biotechnology
SMAA - SMA Alliance Inc
POLJF - Polo Resources Ltd
VPHM - ViroPharma Incorporation
PRI - Primerica
LYSCF - LYNAS Corporation Ltd
ECYT - Endocyte Inc
AVII - AVI BioPharma, Inc.
LRN - K12 Inc
ATRN - New Motion Inc
EONC - eOn Communications
RHHBY - Roche Holding Ltd S
FLPC - First Liberty Power
HDUP - HeadsUp Entertainment
CROCF - Crocodile Gold Corp

US Earnings Calendar for Thursday, December 15

AAR Corp - AIR
Accenture PLC - ACN
ADDvantage Technologies Group Inc - AEY
Adobe Systems Inc - ADBE
Bioanalytical Systems Inc - BASI
Discover Financial Services - DFS
Electro Sensors Inc - ELSE
Gushan Environmental Energy Ltd - GU
Heico Corp - HEI
Hovnanian Enterprises Inc - HOV
Imperial Sugar Co - IPSU
Innsuites Hospitality Trust - IHT
Nevada Gold and Casinos Inc - UWN
Newlead Holdings Ltd - NEWL
Nobility Homes Inc - NOBH
Overhill Farms Inc - OFI
Oxygen Biotherapeutics Inc - OXBT
Pier 1 Imports Inc - PIR
Pure Bioscience - PURE
Quiksilver Inc - ZQK
Rentech Inc - RTK
Rentech Nitrogen Partners, LP - RNF
Rite Aid Corp - RAD
Scholastic Corp - SCHL
Stewart Enterprises Inc - STEI
The Marcus Corp - MCS
Triangle Petroleum Corp - TPLM
Tufco Technologies Inc - TFCO
Winnebago Industries Inc - WGO
WSP Holdings Ltd - WH

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.


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About Me

  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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