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Traders,
I would like to congratulate all of my subscribers that profited from my latest biotech pick, MELA !! Shares of MELA Sciences, Inc. (NASDAQ:MELA) surged 55% to $4.93 per share after the company announced that the U.S. Food and Drug Administration (FDA) has issued an Approvable Letter for the MelaFind Pre-Market Approval (PMA) application. Last week I projected an upside coming for the stock after see strong signs of accumulation. MELA was very good to me today ! I took profits ( as i told on twitter ) after holding for a couple of days with a nice gain of about 90% but still on radar. RSI is showing overbought conditions right now. The buzz on MELA was really positive today on the boards and today's action could help land MELA on many trader's radars in the near future. If you are still in it, make sure you have your downside protected. The stock hit a high of $6.20, which is resistance for Tuesday’s move. If the stock can break through resistance, we should see a strong follow through move as there is a high short interest in the stock. Watch the stock closely tomorrow.
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Silicon Motion Technology Corp. (NASDAQ:SIMO) broke out today out of a descending channel / mini flag formation on some nice volume. Keep an eye to see if it can breakout above the $13.89 level.
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Sycamore Networks, Inc. (NASDAQ:SCMR) looks good here with plenty of room to run to the next resistance at $20.04.
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Smart Balance, Inc.(NASDAQ:SMBL) continues to perform well. Nice bounce in the last two days and today it broke and closed above the early July highs on increasing volume. I like this setup !!
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THQ Inc. (NASDAQ:THQI) looks about ready to pop here ! The stock has finally recaptured the 10 mda. Closed at the high of the day and I want to see more follow through from this stock tomorrow.
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Other stocks to watch :
US Earnings Calendar for Tuesday, September 27
Accenture Public Ltd Co - ACN
American Greetings Corp - AM
Cano Petroleum Inc - CFW
China Technology Development Group Corp - CTDC
Comtech Telecommunications Corp - CMTL
First Interstate Bancsystem Inc - FIBK
Freeseas Inc - FREE
Jabil Circuit Inc - JBL
Moduslink Global Solutions Inc - MLNK
Neogen Corp - NEOG
Omnova Solutions Inc - OMN
Park Electrochemical Corp - PKE
Paychex Inc - PAYX
Progress Software Corp - PRGS
PSB Holdings Inc (Connecticut) - PSBH
Rosetta Genomics Ltd - ROSG
Saba Software Inc - SABA
Sealy Corp Inc - ZZ
Standard Microsystems Corp - SMSC
Synnex Corp - SNX
Tianyin Pharmaceutical Co Inc - TPI
Walgreen Co - WAG
Zanett Inc - ZANE
The following list show stocks whose Chaikin's Volatility(10,10) has been increasing over the last 3 sesions
BAC - BANK OF AMERICA CORP
T - AT&T Inc
F - FORD MOTOR COMPANY
CSCO - Cisco Systems Inc
C - CITIGROUP INC
GLD - streetTRACKS Gold S
WFC - WELLS FARGO & CO
MS - Morgan Stanley Dean
MOS - Mosaic Company
NWSA - News Corp Ltd pf
VZ - Verizon Comm
XOM - EXXON MOBIL CORP
VALE - Vale S A ADR
DELL - Dell Inc
CMCSA - Comcast Corporation
LOW - LOWES COMPANIES INC
BMY - BRISTOL MYERS SQUIB
DAL - Delta Airlines
ITUB - Itau Unibnco Adr
QCOM - QUALCOMM Incorporated
AUY - YAMANA GOLD INC
GS - GOLDMAN SACHS GROUP
AMAT - Applied Materials
BBD - BANCO BRADESCO SA ADS
SCHW - Charles Schwab Corp
DUK - DUKE ENERGY CORP
GM - General Motors Corp
SLW - Silver Wheaton
KGC - KINROSS GOLD CORP
RFMD - RF Micro Devices Inc
GG - GOLDCORP INC
AES - A E S CORP
WM - WASTE MANAGEMENT INC
TWX - AMERICA ONLINE INC
UBS - UBS AG
UPS - UPS
MPEL - Melco Crown Adr
RRC - Range Resources Corp
DTV - Directv A
OXY - OCCIDENTAL PETROLEU
SYMC - Symantec Corporation
ATVI - Activision Inc
TIBX - TIBCO Software Inc
NWS - News Corp Ltd ADR
KSS - KOHLS CORP
DB - DEUTSCHE BANK AG
JCP - PENNEY J C CO INC
WFR - MEMC Electronic Mat
MAT - Mattel Co
GPS - GAP INC
SVU - SUPERVALU INC
BA - BOEING CO
IP - INTERNATIONAL PAPER CO
DBC - PS DB COMMODITY IDX
KBH - Kaufman and Broad H
AMX - America Movil SA
MAR - MARRIOTT INTL INC NEW
CDNS - CADENCE DESIGN SYS INC
YOKU - Youkucom Inc ADR
ADBE - Adobe Systems Incor
PNM - PUBLIC SVC CO NEW M
TXT - TEXTRON INC
HCBK - Hudson City Bancorp
KOG - KODIAK OIL & GAS CP
STLD - Steel Dynamics Inc
MWW - Monster Worldwide Inc
ING - Ing Groep NV ADR
ACOM - Ancestrycom Inc
MON - Monsanto Co
LMT - LOCKHEED MARTIN CORP
CSE - CAPITALSOURCE INC
ABB - ABB LTD
XLNX - Xilinx Inc
SLE - SARA LEE CORP
EGO - ELDORADO GOLD CP
ONNN - ON Semiconductor Co
MFA - Mfa Financial
CMCSK - Comcast Corporation
RTN - Raytheon Co
AMTD - TS Ameritrade Holdi
DHI - Horton DR Inc
PPL - PPL CORPORATION
SE - SPECTRA ENERGY CORP
GGP - General Growth Prop
PCAR - PACCAR Inc
LTD - LIMITED INC
CPB - CAMPBELL SOUP CO
ADSK - Autodesk Inc
ABV - Companhia de Bebidas
DF - DEAN FOODS INC
EIX - EDISON INTERNATIONA
AKAM - Akamai Technologies
AMT - AMERICAN TOWER CORP
NSC - NORFOLK SOUTHERN CORP
TMX - TELEFONOS DE MEXICO
MBT - MOBIL TELESYSTEMS
RSG - REPUBLIC SERVICES INC
VRX - Valeant Pharmaceutical
KMB - KIMBERLY CLARK CORP
LLTC - Linear Technology C
FLEX - Flextronics International
GXP - Great Plains Energy
DRI - DARDEN RESTAURANTS INC
INTU - Intuit Inc
ASML - ASM Lithography Hol
AMSC - American Superconductor
PBI - PITNEY BOWES INC
TIN - TEMPLE INLAND INC
CCI - Crown Castle International
TDW - TIDEWATER INC
LULU - lululemon athletical
CTRP - CTRIPCOM INTL LTD ADS
CL - COLGATE-PALMOLIVE C
ESV - Ensco Plc Adr
MUR - MURPHY OIL CORP HLD
LM - LEGG MASON INC
DKS - DICKS SPORTING
NOC - NORTHROP GRUMMAN CORP
PWR - QUANTA SVCS INC
CROX - CROCS INC
MTOR - ARVINMERITOR INC
ALXN - Alexion Pharmaceutical
SPG - SIMON PROPERTY GROUP
NEE - Nextera Energy
DOV - DOVER CORP
BRFS - Brf-Brasil Foods
DRH - DIAMONDROCK HOSPITAL
NIHD - NII Holdings Inc
BWC - THE BABCOCK & WILCO
JOYG - Joy Global Inc
TWO - TWO HARBORS INVT CP
TSS - TOTAL SYSTEM SVCS INC
TIF - TIFFANY AND CO
RSH - RADIOSHACK CORP
FII - FEDERATED INVESTORS
SKT - TANGER FCTRY OUTLET
EQT - EQT Corporation
INFA - Informatica Corp
JEF - JEFFERIES GROUP INC
RRD - Donnelley (RR) & Sons
CSH - CASH AMERICA INTL INC
PAAS - Pan American Silver
HSY - Hershey Corp
CSC - COMPUTER SCIENCES CORP
PPG - P P G INDUSTRIES INC
RJI - AB Svensk Ekportkredit
BVN - COMPANIA MINAS BUEN
RGLD - Royal Gold Inc
DISCA - Discovery Holdings
AVGO - Avago Technologies
ANN - Ann Inc
AXL - American Axle and M
JAG - JAGUAR MINING INC
BJ - BJ'S WHOLESALE CLUB
INCY - Incyte Genomics Inc
FRO - FRONTLINE LTD
CVA - Covanta Holding Cp
SBAC - SBA Communications
PDLI - PDL BioPharma
NUAN - Nuance Communications
DECK - Deckers Outdoor Cor
POM - Potomac Electric Po
IBN - Icici Bank Ltd
MCHP - Microchip Technolog
CMO - CAPSTEAD MORTGAGE CORP
TV - GRUPO TELEVISA S A
KBR - KBR Inc
TSU - Tim Participacs
CHL - China Mobile ltd
MDTH - MedCath Corporation
CTAS - Cintas Corporation
ELY - CALLAWAY GOLF CO
PHG - Koninklijke Philips
JEC - JACOBS ENGR GROUP INC
ANH - Anworth Mortgage As
CERN - Cerner Corporation
AG - First Majestic Silv
VMW - VMWARE INC CLASS A
PSEC - Prospect Cptl Cp
ITT - ITT Corp
BGC - General Cable Corp
WFM - Whole Foods Market
CLX - CLOROX CO
APOL - Apollo Group Inc
LO - Lorillard Inc
CSTR - Coinstar Inc
BLL - BALL CORP
LPX - LOUISIANA PACIFIC CORP
CVD - COVANCE INC
CYS - Cys Investments
DLTR - Dollar Tree Inc
BIG - Big Lots Inc
MJN - Mead Johnson Nutrition
TRH - TRANSATLANTIC HLDGS
WMGI - Wright Medical Group
GOLD - RANDGOLD RESOURCES
HANS - Hansen Natural Corp
SHW - SHERWIN WILLIAMS CO
PSS - Collective brands
CHRW - CH Robinson World
RRR - RSC Holdings Inc
EDR - EDUCATION REALTY TR
AF - Astoria Financial C
NLSN - Nielsen Holdings
WTI - W&T OFFSHORE INC
EPD - ENTERPRISE PRODUCTS
ICE - INTERCONTINENTALEXC
TSLA - Tesla Motors Inc
NUS - Nu Skin Enterprises
EM - Emdeon Inc
APL - Atlas Pipeline Part
RYN - RAYONIER INC
AZK - AURIZON MINES LTD
BUD - Anheuser-Busch Inbe
DV - DEVRY INC
ADS - Alliance Data Syste
ZAGG - Zagg Inc Cs
HGIC - Harleysville Group
RIC - Richmont Mines Inc
HTS - Hatteras Financial
MENT - Mentor Graphics Corporation
NPBC - National Penn Bancs
CYH - COMMUNITY HEALTH SY
DCM - NTT DoCoMo Inc
BG - BUNGE LTD
RJF - RAYMOND JAMES FNCL INC
NSU - NEVSUN RESOURCES LTD
EQIX - Equinix Inc
AWC - ASIA PAC WIRE&CABLE
FLIR - FLIR Systems Inc
ARBA - Ariba Inc
CLP - COLONIAL PPTY TRUST
AEA - ADVANCE AMER CSH AD
VHC - PASW Inc
ALB - ALBEMARLE CORP
CRL - CHARLES RIVER LABOR
CHMT - Chemtura Corp
APAC - APAC Customer Service
SON - SONOCO PRODUCTS CO
WOOF - VCA Antech Inc
PCYC - Pharmacyclics
SJM - Smucker JM Co
CNL - CLECO CORP
LII - Lennox Internationational
CXW - Corrections Corporation
PWRD - Perfect World Co Ltd
PAA - PLAINS ALL AMERICAN
MLHR - Herman Miller Inc
MKC - MCCORMICK & CO INC
ASNA - Ascena Retail Group
RSO - RESOURCE CAPITAL CORP
USG - U S G CORP
WCG - WELLCARE HEALTH
BEBE - bebe stores inc
NAK - NORTHERN DYNASTY MI
BLC - Belo Corp
ROP - ROPER INDUSTRIES INC
DOX - AMDOCS LTD
RGS - RGS ENERGY GROUP INC
WRB - WR Berkley Corp
WCN - Waste Connections Inc
CZZ - Cosan Limited Cl A
BKS - BARNES & NOBLE INC
STWD - Starwood Property T
LLL - L Comm
AAP - ADVANCE AUTO PARTS INC
LHO - LASALLE HOTEL PROPE
UIL - UIL HOLDING CORP
DTG - DOLLAR THRIFTY AUTO
KFN - KKR Financial Hldg
HSNI - HSN Inc
GIM - TEMPLETON GLOBAL IN
RTI - R T I INTERNATIONAL
NPSP - NPS Pharmaceuticals
EZPW - EZCORP Inc
VRA - Vera Bradley Inc
CACI - CACI INTL INC
COT - COTT CORP
RCII - Rent-A-Center Inc
FMC - F M C CORP
EBIX - Ebix Inc
FRT - FEDERAL REALTY INVT TR
SGI - Silicon Graphics In
GGC - GEORGIA GULF CORP
DXCM - DEXCOM
ACGL - Arch Capital Group Ltd
THM - Intl Tower Hill
ACG - ALLIANCBERNST FUND
MNRO - Monro Muffler Brake
RKT - ROCK TENN CO
WRE - WASHINGTON R E I T
TTEK - Tetra Tech Inc
ELGX - Endologix Inc
CYB - WisdomTree Dreyfus
NDN - CENTS ONLY STORES
AB - ALLIANCE CAPITAL MGMT
GORO - GOLD RESOURCE CORP
HNR - Harvest Natural Resources
MDC - MDC HOLDINGS INC
GDP - GOODRICH PETE CORP NEW
NRGY - INERGY LP
IL - Intralinks Holdings
PLCE - The Children's Place
SHAW - SHAW GROUP INC
EXP - Eagle Materials
DNKN - Dunkin Brd Grp
ACXM - Acxiom Corporation
VIVO - Meridian Diagnostic
CM - CANADIAN IMPERIAL B
THO - THOR INDUSTRIES INC
EPL - Energy Partners Ltd
PODD - Insulet Corp
PNRA - Panera Bread Company
THS - TREEHOUSE FOODS INC
SLH - Solera Holdings Inc
AGRO - Adecoagro Sa
CRI - CARTERS 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.
As always, good luck !
AC
Labels: MELA, SCMR, SIMO, SMBL, THQI