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Wednesday, July 27, 2011 

Biotech Stocks to Watch for Thursday

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MELA Sciences, Inc. (NASDAQ:MELA) had a great move on the upside today and closed at $2.67. The stock is setting up to break out and has one more level to go, which is $2.72.  MELA Sciences is a well capitalized company, with $1.03 in cash per share. This stock has a short interest ratio of 14.3 based on average daily volume of 300.000 shares and 3.575 million shares short. This stock could be a good short squeeze opportunity on any positive news. From a technical perspective, MELA is back to bull market rally with MACD on top of 0 and %K line on top of %D line. The stock has good upside potential, so keep watching the stock for further moves. Watch the stock on Thursday, because once it breaks through, it will run fast.

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Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) had a pullback into a strong support area, but it held up reasonably well. I still like the chart and will watch the stock again on Thursday. Resistance stays at $1.75 for the follow through move. Once it breaks this resistance level, we could see a quick increase in buying as momentum traders jump into this trade.

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Dendreon Corporation (NASDAQ:DNDN) failed to close above the resistance level of $38.20. This resulted in a sharp drop today. The recent price patterns suggest that the downward move could continue. A decline to the 36.86-36.50 range appears likely. A close below $36.68 would impart further weakness and would push the stock to the $34.90-$35 range.

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Other stocks to watch :

Earnings Announcements for Thursday

D Systems Corp - DDD
Abaxis Inc - ABAX
Agco Corp - AGCO
Agenus Inc - AGEN
Airgas Inc - ARG
Alaska Communications Systems Group Inc - ALSK
Altisource Portfolio Solutions SA - ASPS
American River Bankshares - AMRB
AmerisourceBergen Corp - ABC
Ancestry.com Inc - ACOM
Applied Micro Circuits Corp - AMCC
Arctic Cat Inc - ACAT
Ariba Inc - ARBA
Artio Global Investors Inc - ART
Ashland Inc - ASH
Asset Acceptance Capital Corp - AACC
Automatic Data Processing Inc - ADP
Aveo Pharmaceuticals Inc - AVEO
Avon Products Inc - AVP
Ball Corp - BLL
BCSB Bancorp Inc - BCSB
Bel Fuse Inc - BELFA
Belden Inc - BDC
Benchmark Electronics Inc - BHE
Biomarin Pharmaceutical Inc - BMRN
BorgWarner Inc - BWA
Boston Scientific Corp - BSX
Bridge Capital Holdings - BBNK
Brightpoint Inc - CELL
Brink S Co - BCO
Bristol Myers Squibb Co - BMY
Brunswick Corp - BC
Bryn Mawr Bank Corp - BMTC
Build A Bear Workshop Inc - BBW
Bunge Ltd - BG
Cabelas Inc - CAB
Cache Inc - CACH
Cadence Design Systems Inc - CDNS
Camden Property Trust - CPT
Cameron International Corp - CAM
Carbo Ceramics Inc - CRR
Carpenter Technology Corp - CRS
Carters Inc - CRI
CDI Corp - CDI
Celgene Corp - CELG
Cell Therapeutics Inc - CTIC
Center Financial Corp - CLFC
Central Virginia Bankshares Inc - CVBK
Cerner Corp - CERN
Cerus Corp - CERS
Charles And Colvard Ltd - CTHR
Charter Financial Corp - CHFN
Chesapeake Energy Corp - CHK
China Natural Resources Inc - CHNR
Citizens Republic Bancorp Inc - CRBCD
Clayton Williams Energy Inc - CWEI
Clearwater Paper Corp - CLW
Clicksoftware Technologies Ltd - CKSW
CME Group Inc. - CME
CMS Energy Corp - CMS
CNB Financial Corp Inc - CCNE
Coca-Cola Enterprises Inc - CCE
Codexis Inc - CDXS
Coinstar Inc - CSTR
Colgate Palmolive Co - CL
Colonial Properties Trust - CLP
Columbia Banking System Inc - COLB
Columbia Sportswear Co - COLM
Community Bankers Trust Corp - BTC
Community Capital Corp - CPBK
Community Health Systems Inc - CYH
Compass Minerals International Inc - CMP
Computer Programs And Systems Inc - CPSI
Conmed Corp - CNMD
CONSOL Energy Inc - CNX
Constant Contact Inc - CTCT
Corn Products International Inc - CPO
CRA International Inc- CRAI
Cray Inc - CRAY
Crescent Financial Corp - CRFN
Cryolife Inc - CRY
Curis Inc - CRIS
Curtiss Wright Corp - CW
Cyberoptics Corp - CYBE
Cytokinetics Inc - CYTK
Dana Holding Corp - DAN
Datawatch Corp - DWCH
Deckers Outdoor Corp - DECK
Deltek Inc - PROJ
Deluxe Corp - DLX
Dentsply International Inc - XRAY
Developers Diversified Realty Corp - DDR
Dex One Corp - DEXO
Digital Realty Trust Inc - DLR
Digital River Inc - DRIV
Dime Community Bancshares Inc - DCOM
Dole Food Co Inc - DOLE
Dominion Resources Inc - D
Doral Financial Corp - DRL
Dover Downs Gaming And Entertainment Inc - DDE
Dover Motorsports Inc - DVD
DR Horton Inc - DHI
DTE Energy Co - DTE
Duke Realty Corp - DRE
Dun and Bradstreet Corp - DNB
Dynex Capital Inc - DX
E I Du Pont De Nemours And Co - DD
Eagle Materials Inc - EXP
Earthlink Inc - ELNK
Eastman Chemical Co - EMN
Echo Global Logistics Inc - ECHO
Edac Technologies Corp - EDAC
Emcor Group Inc - EME
Empire District Electric Co - EDE
Enbridge Energy Management LLC - EEQ
Enterprise Financial Services Corp - EFSC
Entertainment Properties Trust - EPR
EPIQ Systems Inc - EPIQ
EQT Corp - EQT
Essa Bancorp Inc - ESSA
Evans Bancorp Inc - EVBN
Evercore Partners Inc - EVR
Excel Maritime Carriers Ltd - EXM
Expedia Inc - EXPE
Extra Space Storage Inc - EXR
Exxon Mobil Corp - XOM
Fauquier Bankshares Inc - FBSS
Federal Mogul Corp - FDML
Federated Investors Inc - FII
Financial Institutions Inc - FISI
First American Financial Corp - FAF
First Financial Bancorp - FFBC
First Financial Hldg Inc - FFCH
First Merchants Corp - FRME
First Potomac Realty Trust - FPO
Fisher Communications Inc - FSCI
Five Star Quality Care Inc - FVE
Forrester Research Inc - FORR
GAIN Capital Holdings Inc - GCAP
Gen Probe Inc - GPRO
Genworth Financial Inc - GNW
Geomet Inc - GMET
Geron Corp - GERN
Getty Realty Corp - GTY
GFI Group Inc - GFIG
Giga Tronics Inc - GIGA
Glacier Bancorp Inc - GBCI
Global Geophysical Services Inc - GGS
GNC Holdings Inc - GNC
Golfsmith International Holdings Inc - GOLF
Gorman Rupp Co - GRC
Graftech International Ltd - GTI
Graham Corp - GHM
Graphic Packaging Holding Co - GPK
Green Dot Corp - GDOT
Greene County Bancorp Inc - GCBC
Gsi Technology Inc - GSIT
Gulf Island Fabrication Inc - GIFI
Harsco Corp - HSC
Harte-Hanks Inc - HHS
Heartland Payment Systems Inc - HPY
Hercules Offshore Inc - HERO
Heritage Commerce Corp - HTBK
Heritage Financial Corp - HFWA
Heritage Oaks Bancorp - HEOP
Holly Energy Partners LP - HEP
ICG Group Inc. - ICGE
Ikanos Communications Inc - IKAN
Incyte Corp - INCY
Infospace Inc - INSP
Ingles Markets Inc - IMKTA
Ingram Micro Inc - IM
Insituform Technologies Inc - INSU
Integra Lifesciences Holdings Corp - IART
Internap Network Services Corp - INAP
International Paper Co - IP
Interphase Corp - INPH
Interpublic Group Of Companies Inc - IPG
Invacare Corp - IVC
Inventure Foods Inc - SNAK
Invesco Mortgage Capital Inc - IVR
Investors Bancorp Inc - ISBC
IPC The Hospitalist Co Inc - IPCM
Iron Mountain Inc - IRM
Ista Pharmaceuticals Inc - ISTA
Istar Financial Inc - SFI
Jazz Pharmaceuticals Inc - JAZZ
Kellogg Co - K
Kennametal Inc - KMT
Key Energy Services Inc - KEG
Key Technology Inc - KTEC
KLA Tencor Corp - KLAC
Kopin Corp - KOPN
L Communications Holdings Inc - LLL
Lawson Products Inc - LAWS
Lazard Ltd - LAZ
Legg Mason Inc - LM
Leggett And Platt Inc - LEG
Lemaitre Vascular Inc - LMAT
Libbey Inc - LBY
Life Technologies Corp - LIFE
Linn Energy LLC - LINE
LIZ Claiborne Inc - LIZ
LNB Bancorp Inc - LNBB
M/I Homes Inc - MHO
Macerich Co - MAC
Mack Cali Realty Corp - CLI
Marinemax Inc - HZO
Maxim Integrated Products Inc - MXIM
Maxlinear Inc - MXL
Maxwell Technologies Inc - MXWL
Mcclatchy Co - MNI
McGraw-Hill Companies Inc - MHP
McKesson Corp - MCK
Mead Johnson Nutrition Co - MJN
Meredith Corp - MDP
Metalico Inc - MEA
Metlife Inc - MET
Mettler Toledo International Inc - MTD
MF Global Holdings Ltd - MF
Micrel Inc - MCRL
Microsemi Corp - MSCC
Middlesex Water Co - MSEX
Midwestone Financial Group Inc - MOFG
Miller Energy Resources Inc - MILL
Mine Safety Appliances Co - MSA
Minerals Technologies Inc - MTX
Modine Manufacturing Co - MOD
Moneygram International Inc - MGI
Monster Worldwide Inc - MWW
Morton's Restaurant Group Inc - MRT
Motorola Mobility Holdings Inc - MMI
Motorola Solutions Inc - MSI
Multi Color Corp - LABL
Mwi Veterinary Supply Inc - MWIV
Nanometrics Inc - NANO
National Penn Bancshares Inc - NPBC
Natus Medical Inc - BABY
NetGear Inc - NTGR
Netlogic Microsystems Inc - NETL
NetSuite Inc - N
Network Engines Inc - NEI
Neurocrine Biosciences Inc - NBIX
Neurometrix Inc - NURO
New Century Bancorp Inc - NCBC
Newpark Resources Inc - NR
Nicholas Financial Inc - NICK
Nielsen Holdings NV - NLSN
NII Holdings Inc - NIHD
Noble Energy Inc - NBL
Nstar - NST
Numerex Corp - NMRX
Nutrisystem Inc - NTRI
Nxp Semiconductors NV - NXPI
Oclaro Inc - OCLR
Old Dominion Freight Line Inc - ODFL
Old Republic International Corp - ORI
Old Second Bancorp Inc - OSBC
Omnicell Inc - OMCL
Orthofix International NV - OFIX
Oshkosh Corp - OSK
Overstock Com Inc - OSTK
Pacer International Inc - PACR
Pacific Ethanol California Inc - PEIX
Palomar Medical Technologies Inc - PMTI
Par Technology Corp - PAR
Park Sterling Bank - PSTB
Park-Ohio Holdings Corp - PKOH
Patterson Uti Energy Inc - PTEN
PC Tel Inc - PCTI
Pennsylvania Real Estate Investment Trust - PEI
Portfolio Recovery Associates Inc - PRAA
Power One Inc - PWER
Pozen Inc - POZN
Precision Castparts Corp - PCP
Prologis - PLD
Provident Financial Holdings Inc - PROV
PSS World Medical Inc - PSSI
Pultegroup Inc - PHM
Qlik Technologies Inc - QLIK
Qlogic Corp - QLGC
Quality Systems Inc - QSII
Radiant Systems Inc - RADS
RadiSys Corp - RSYS
Rayonier Inc - RYN
Raytheon Co - RTN
RealD Inc - RLD
RealNetworks Inc - RNWK
Realty Income Corp - O
Reed Elsevier PLC - REL.L
Regal Entertainment Group - RGC
Reliance Steel and Aluminum Co - RS
Republic First Bancorp Inc - FRBK
Republic Services Inc - RSG
Revlon Inc - REV
Rimage Corp - RIMG
Rochester Medical Corp - ROCM
Rockwell Automation Inc - ROK
Royal Caribbean Cruises Ltd - RCL
Rti Biologics Inc - RTIX
Seacoast Banking Corp of Florida - SBCF
Senior Housing Properties Trust - SNH
Sequans Communications SA - SQNS
Silicon Motion Technology Corp - SIMO
Simpson Manufacturing Co Inc - SSD
Southwestern Energy Co - SWN
Span America Medical Systems Inc - SPAN
Spar Group Inc - SGRP
Spectranetics Corp - SPNC
Sprint Nextel Corp - S
SPS Commerce Inc - SPSC
Stamps.com Inc - STMP
Standard Pacific Corp - SPF
Starbucks Corp - SBUX
Startek Inc - SRT
Starwood Hotels and Resorts Worldwide Inc - HOT
StellarOne Corp - STEL
Stemcells Inc - STEMD
Stewart Information Services Corp - STC
Strategic Diagnostics Inc - SDIX
Strayer Education Inc - STRA
Sun Communities Inc - SUI
Surewest Communications - SURW
Synaptics Inc - SYNA
Synovus Financial Corp - SNV
TASER International Inc - TASR
Teche Holding Co - TSH
Telecommunication Systems Inc - TSYS
Teledyne Technologies Inc - TDY
Telenav Inc - TNAV
Telular Corp - WRLS
Tennant Co - TNC
Tennessee Commerce Bancorp Inc - TNCC
Tessera Technologies Inc - TSRA
TF Financial Corp - THRD
The Goodyear Tire & Rubber Co - GT
Theravance Inc - THRX
Time Warner Cable Inc - TWC
Timken Co - TKR
Titan International Inc - TWI
TOR Minerals International Inc - TORM
TowneBank - TOWN
Trident Microsystems Inc - TRID
TriMas Corp - TRS
Triumph Group Inc - TGI
True Religion Apparel Inc - TRLG
Tsakos Energy Navigation Ltd - TNP
Tyco International Ltd - TYC
Unifi Inc - UFI
United Community Banks Inc - UCBI
United Security Bancshares - UBFO
United States Lime and Minerals Inc - USLM
United Therapeutics Corp - UTHR
Unitil Corp - UTL
Universal Truckload Services Inc - UACL
Uroplasty Inc - UPI
Valassis Communications Inc - VCI
Valley National Bancorp - VLY
Varian Semiconductor Equipment Associates Inc - VSEA
VCA Antech Inc - WOOF
Veeco Instruments Inc - VECO
Verisign Inc - VRSN
Vertex Pharmaceuticals Inc - VRTX
Viewpoint Financial Group Inc - VPFG
Viropharma Inc - VPHM
Vistaprint NV - VPRT
Vitamin Shoppe Inc - VSI
WABCO Holdings Inc - WBC
Washington Banking Co - WBCO
Washington Real Estate Investment Trus - tWRE
Waste Management Inc - WM
Wayside Technology Group Inc - WSTG
West Marine Inc - WMAR
West Pharmaceutical Services Inc - WST
Westinghouse Solar Inc - WEST
Wisconsin Energy Corp - WEC
Wright Medical Group Inc - WMGI
WSFS Financial Corp - WSFS
Xcel Energy Inc - XEL
Yadkin Valley Financial Corp - YAVY
Yandex N V - YNDX
Zoll Medical Corp - ZOLL

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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I would like to comment about trading as opposed to investing. Although I am not a trader. I am curious about one thing. How can the death or sudden death of the founder of a company be predicted by tech charts patterns and so forth ' or what about the sudden unpredicted departure of some key person of the company without any notice out of the blue. What about the unexpected loss of a major customer of the company. Sometimes these events are totally unexpected.

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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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