Thursday December 6th watchlist
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Peabody Energy Corporation (NYSE:BTU) had a strong day today closing
near its highs of the day on strong volume. Additionally, the stock
closed above its major moving averages and the accumulation/distribution
chart showed strength in this movement. It looks like investors are
starting to load up at this level. The breakout should take this stock
to over $30.
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The stock moved up to trigger my buy at $7.74. Alpha Natural Resources, Inc. (NYSE:ANR) surged on strong volume today, but pulled back a bit at the close to close at $8.07. With MACD above the signal line and with stock above 20-day and 50-day moving average the stock may see more up side.
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Dendreon Corporation (NASDAQ:DNDN) gained over 6% today on better than
average volume. The good news here is that stock is getting closer to
break its 200-day MA at 4.74.
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Crocs, Inc.(NASDAQ:CROX) was up 2 cents today to $13.30. No changes from
my previous post. My first target remains at $14 and the stop loss
remains at $12. After the market's close, Imperial Capital Initiated coverage on Crocs, Inc. with an Outperform and a price target of $16.00. That's good news for tomorrow.
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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.
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AC
