-Financial Tools Futures Market--TRADE IDEAS-- OPTION ALERTS -BENZINGA PRO-

« Home | Stocks Watchlist For Wednesday, October 17 » | Stocks Watchlist For Tuesday, October 16 » | Watch these stocks next week » | Stocks to watch on Friday, October 12 » | Stocks to watch on Thursday, October 11 » | Coal Stocks Gaining Momentum » | Watchlist for Tuesday October 9th » | Watchlist for Monday October 8th » | Stock Picks for Friday October 05, 2012 » | 6 Stocks to Keep on Your Radar Screen » 

Wednesday, October 17, 2012 

Stocks Watchlist For Thursday, October 18

( click to enlarge )

Arena Pharmaceuticals, Inc.(NASDAQ:ARNA) broke an ascending triangle area pattern today and could go to $11 very soon. Volume confirms. Buy as close to 9.50 as possible. The technical chart above shows very strong upward momentum as the stock is above the major moving averages with both 50 day and 200 day moving average going up. All indicators still point to a bull market. I tweeted the breakout at 9.55.

 ( click to enlarge )

InterDigital, Inc. (NASDAQ:IDCC) The technical daily chart still giving clear clues on market makers intentions. The CMF shows accumulation since the beginning of month and daily stochastic poised to cross higher. Also significant was that the stock closed above a key resistance point of $36. The stock hit a high of $36.20, which is now resistance for Thursday’s continuation move. If the stock can break through resistance, we should see another strong upside move. I continue to keep a close eye on IDCC call activity because there is some elevated October Call options with strike prices significantly above the current market.

( click to enlarge )

Molycorp Inc (NYSE:MCP) displayed some impressive relative strength with a 5.57% gain. The area comprehended between 11.4 and 11.5 represents a strong resistance. The power of today's move suggests an upward breakout that could impulse MCP's stock to test the September highs at 14.44. MACD made a bullish crossover today and Slow Stochastic is increasing. This shows that investors are bullish on this stock.

  ( click to enlarge )

Corning Incorporated (NYSE:GLW) Nice Breakout on high volume. Buyable on a pullback to the pivot. Next resistance lies at $14.4

  ( click to enlarge )

VirnetX Holding Corporation (NYSEAMEX:VHC) looks very bullish on charts. The stock made a breakout of its recent high with high volumes and closed above its 200 days SMA of 27.47 Technical indicators are also supporting the bulls. The MACD crossed above the signal line, RSI is moving up & above its 50% level. SMAs are moving up and Stochastic is also moving up and above its 50% level.

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.

Thanks for visiting AC Investor Blog.


Labels: , , , ,

Bookmark and Share


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.

  • Benzinga.com supporter

    Benzinga.com supporter


      Enter your email address:

      Delivered by FeedBurner

      Subscribe my feed :

    Support AC

    • Support AC Investor Blog, Donate with PayPal


      Interested in advertising on AC Investor Blog ? Click Here


    Site Information

    Stock Market Blogroll

    Friends BLOGROLL


Powered by Blogger
and Blogger Templates

Add to Google