-Financial Tools Futures Market--TRADE IDEAS-- OPTION ALERTS -BENZINGA PRO-

« Home | Few Stocks to watch on Wednesday, May 2 » | Four Trade Ideas for Tuesday » | Six stocks I like for next week » | Stocks Watchlist For Friday, April 27 » | Stocks Watchlist For Thursday, April 26 » | 5 Stocks that I will be watching for 25th April » | Top Trade ideas for Tuesday » | Top 6 stocks ideas for next week » | Potential Long Setups for Friday, April 20 » | Four Breakout Stocks To Watch on Thursday » 

Wednesday, May 02, 2012 

Four Hot Stocks to watch Tomorrow

( click to enlarge )

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.

 ( click to enlarge )

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.

( click to enlarge )

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.

 ( click to enlarge )

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.

During the day I tweet many times to my readers. I encourage everybody to subscribe AC Investor Blog  twitter and newsletter, so you can receive my trade ideas and stock news in real time.  

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: , , ,

Bookmark and Share


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.

  • Benzinga.com supporter

    Benzinga.com supporter


      Enter your email address:

      Delivered by FeedBurner

      Subscribe my feed :

    Support AC

    • Support AC Investor Blog, Donate with PayPal


      Interested in advertising on AC Investor Blog ? Click Here


    Site Information

    Stock Market Blogroll

    Friends BLOGROLL


Powered by Blogger
and Blogger Templates

Add to Google