( click to enlarge )
XenoPort, Inc.(NASDAQ:XNPT) - This stock I alerted to my
subscribers/twitter followers on Friday at $4.75, today it closed at
$5.93. There is nothing that makes me happier, than my readers and twitter followers making substantial profits. Over 10% of the float is short this stock and as Shorts buy back shares, the stock should continue to track higher. At this point, I
think XNPT should see $6.4 in the near term.
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Medivation, Inc. (NASDAQ:MDVN) - Nice looking breakout with volume. The stock hit a high of $88.51 which is now resistance for Tuesday’s follow through move. From a technical standpoint, the stock is well above the three SMA's,
which are all moving up and the RSI has moved up into the overbought zone. The MACD is rising in the positive zone and is above the signal line. The bulls may continue their domination for a
while longer, but you should be prepared for a quick correction.
( click to enlarge )
Melco Crown Entertainment Ltd (NASDAQ:MPEL) broke support today on heavy volume, next support at $12.40
( click to enlarge )
QUALCOMM, Inc. (NASDAQ:QCOM) needs to hold $60.8 area on the downside or
things could get very ugly. On the upside, the stock has resistance
located betwen $64 and $65.
( click to enlarge )
Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA) - This still looks pretty good on the chart with volume expanding as
it moves higher. The stock continues to
look bullish and had a decent day today. The stock hit a high of
$17.28, which is resistance for the next upside move. I'm buyer of ARIA
once it breaks through this high and i expect to see heavy buying drive
the stock higher.
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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.
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AC
Labels: ARIA, MDVN, MPEL, QCOM, XNPT
$XNPT is the only stock I could afford, and I thought it was out of my range on Friday at $4... lol
thanks for posting your tips
Posted by Anonymous | 12:08 PM