Stock Watch List for Wednesday May 9, 2012
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TriQuint Semiconductor (NASDAQ:TQNT) - Possible trend reversal taking place. The slow Sto is just turning up while the MACD is also confirming the Sto’s signals as it is increasing. I expect to see a good upside move once the stock breaks through resistance now at $5.06
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Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) has been on fire the past few
days and it doesn’t look like the trend will change soon. The stock hit a
new 52-week high of $3.49 during the day, vaulting over its previous
high of $3.47 set in March. The technical chart is still showing buy
signal with stock trading above 50 day and 200 day moving averages, and
with MACD on top of 0 and %K line on top of %D line. ARNA has a lot of
upside potential, so watch the stock closely.
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Career Education Corp.(NASDAQ:CECO) - Is on the top of my watch list due to the recent price action, volume and momentum.
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Amazon.com, Inc. (NASDAQ:AMZN) formed an interesting pullback
retracement to the rising 13 day SMA, forming a possible Bull Flag in
the process suggesting a possible upside swing.
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XOMA Corporation (NASDAQ:XOMA) continues to consolidate, but could make a
breakout move soon. The stock is sitting on its 10-day moving average,
gaining momentum for an upcoming move. Resistance is $3.17. I expect to
see a strong upside move if XOMA can break through this resistance
level. Watch the stock closely.
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Labels: AMZN, ARNA, CECO, TQNT, XOMA
yeah, i wish i had bought $ARNA on Tuesday when it was under $3
then Thursday after hours I would have had a pleasant surprise as it jumped to $7
why do i hesitate to take action? because i got burnt on $GPRC once and lost $700 because i failed to set a stop loss. now i have to buidl up courage to get over my fear.
thanks for your blog and your tweets. they will help me gain confidence again.
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Anonymous |
12:42 PM