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Thursday, October 02, 2014 

Stocks to Watch for October 03, 2014

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Shares of Skullcandy Inc (NASDAQ:SKUL) which had been flagging since mid-August off its upmove from the 6.67 area to around 8.45, broke out of the bull flag pattern today with decent volume. Target price IMHO for this stock is near 10. The chart is now much improved after today’s action. The MACD has reversed again the course and stock closed above its 20-day exp moving average. If the stock can break today’s high of $8.15, we should see a strong follow through move. SKUL will move very quickly, so keep a very close eye on the stock.

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Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA) jumped over 10% today to close at $5.85 after the company announced that its experimental lung cancer drug received a breakthrough therapy designation from the FDA. The stock ended the day trading nearly 20 million shares and closed near the highs of the day. I would not be surprised to see this stock over $6.5 in the next few days.

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GT Advanced Technologies Inc (NASDAQ:GTAT) made an impressive turnaround and rallied more than 8% to close the day at $11.18. Resistance for Friday’s move is $11.38, which reflects Thursday’s high of the day. If the stock can break through resistance we'll have a two-bar reversal, which is bullish for an upside move. Keep a close eye on GTAT for Friday.

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Hasbro, Inc. (NASDAQ:HAS) is again setting up for a potential swing trade. Breakout point at 56

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PVH Corp (NYSE:PVH) has fully filled the gap and started going up again. Watch the $122.61 level as potential resistance. Let's keep an eye on PVH as i think momentum will pick up.

During the day I tweet many times to my readers. I encourage everybody to subscribe AC Investor Blog twitter and newsletter, so you can receive my trade ideas and stock news in real time.

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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About Me

  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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