Stocks to watch on Friday, Jun 08
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Zalicus Inc (NASDAQ:ZLCS) - In the past few days we have noticed that ZLCS has been on a consistent
bullish uptick in market valuation. This technical set-up still showing
us a tremendous opportunity to potentially acquire the stock while the
momentum is on the upswing. More importantly, ZLCS past the
important resistance level of the 200-day MA for the first time since
July 2011, which provides investors with more than a greater opportunity
to witness a rally in market valuation on shares. Today’s high was $1.19, which is resistance for the
follow through move on Friday. If the stock does break
resistance, expect to see another strong upside move.
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Ciena Corporation (NASDAQ:CIEN) is currently above its 200-day moving
average of $13.62 and should find resistance at its 50-day MA of $14.26. Short-term technical indicators are
strong. If the stock can break today’s high of $14.28, we should see a
strong follow through move. CIEN will move very quickly, so keep a very
close eye on the stock.
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Santarus, Inc. (NASDAQ:SNTS) has been trading a very tight range for a few days right up at resistance. If it clears resistance the move may be powerful. On watch.
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Cirrus Logic, Inc. (NASDAQ:CRUS) is ready for a possible rally if breakout key resistance level of $29.5 with big volume. I notice that the Accumulation/Distribution indicator still growing, it means accumulation. Stay tuned.
Labels: CIEN, CRUS, STNS, ZLCS
