Stocks to Watch for Thursday, May 17
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Google Inc (NASDAQ:GOOG) - Cleared
all sorts of resistance today. From here we can expect a run to the
$640 area and from there we could see an explosive upsurge to $658 and
better. Look to buy the stock on dips with a stop around 600. I'll be watching her carefully for any possible opportunities.
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XenoPort, Inc. (NASDAQ:XNPT) continues to show strength. The continued strong volume on upside moves indicates more than just short covering. Watch the $6.43 level.
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Medivation, Inc. (NASDAQ:MDVN) has been a very solid stock and just made a new 52-week high today.
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Skyworks Solutions Inc (NASDAQ:SWKS) - Good volume today, still under resistance level but indicators are trending up. Positive MACD divergence on the recent low. If the stock can break through the 50 day sma, we should see heavy
buying come and it will be a great buy here. Although this trend is
encouraging, the near-term outlook stays cautious till the stock closes
conclusively above this level on heavy volume. Bulls could remain
invested with a stop loss at $23
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Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA) hit a new 52 week high and held up very well when the nasdaq was tanking.
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Labels: ARIA, GOOG, MDVN, SWKS, XNPT
