Four Hot Stocks to watch Tomorrow
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Shares of Sequenom, Inc. (NASDAQ:SQNM) surged 4.58% to $5.36 per share
continuing the rally which begins earlier this month. The stock closed
at the highs of the day and I'm expecting another move higher tomorrow.
The technical chart shows the stock is in a strong short term bull
market with 20 day moving average on top over 50 day moving average and
MACD is still above signal line. In addition, the on Balance Volume is
in an upward trend it basically shows that the stock has being bought.
Initial support is located at $5 on daily chart. As long as the trend
line support holds, the uptrend will continue. For now, expect a run up
to next resistance area around $6. Technically Bullish.
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FormFactor, Inc.(NASDAQ:FORM) Congratulations to all of you that took
advantage of this pick ! The stock broke and closed above its 200-day
moving average for the first time since July of last year on a large
increase in volume to 4.7m shares compared to its daily avg of less than
400K. Further rally could be seen to retest $7 short term resistance.
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CVS Caremark Corporation (NYSE:CVS) surged 2.71% to $45.92 per share
breaking out an important resistance with heavy volume. We should be
able to see some decent upside movement for the bulls here. Technically,
the stock still in a very strong bull market with MACD on top of signal
line and 50 day moving average on top of 200 day moving average.
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Shares of Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) have been in a
downtrend the past weeks days, but could have found a bottom at these
levels. Today, the stock was one of the few bright spots, as the stock
closed up 26 cents on the day. If the stock can break through
Wednesday's high of $2.7, we should see a high volume upside move. I
will watch the stock closely on Thursday and buy once it breaks through
resistance.
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