Stocks to Watch for April 17, 2013
( click to enlarge )
Exelixis, Inc. (NASDAQ:EXEL) is back above its simple 200EMA but still has resistance at the $5.04 level. Technicals are turning positive so I would watch for the breakout and target a move toward $5.39. Stop loss under the 50EMA.
( click to enlarge )
I think Research In Motion Ltd (NASDAQ:BBRY) has found a nice bottom here and the stock looks poised to post a rally from current levels. The Slow Stochastic just produced a new buy signal. I would watch for a breakout over the $14.27-14.4 region.
( click to enlarge )
Tripadvisor Inc (NASDAQ:TRIP) Good long setup, if it takes out the 54.14 level on volume.
( click to enlarge )
Procera Networks Inc (NASDAQ:PKT) Watch this flag, any break on volume can be played accordingly. Short-term technical oscillators are turning bullish.
( click to enlarge )
Shares of VIVUS, Inc. (NASDAQ:VVUS) surged 5.56% or 62 cents to $11.78 per share after the company announced that the U.S. Food and Drug Administration has approved its amendment and modification to the Risk Evaluation and Mitigation Strategy for Qsymia® (phentermine and topiramate extended-release) capsules CIV. This stock has a short interest ratio of 17.4 based on average daily volume of 1,514,478 shares and 26,360,430 million shares short. I guess this announcement will force these short traders to cover their positions, and we may see a nice squeeze play out. If the stock can break through $12.35 tomorrow, we should see strong volume drive the stock higher.
( click to enlarge )
Looks like consolidation is near the end for Charter Communications, Inc. (NASDAQ:CHTR) and I believe a breakout (up/down) is imminent.
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.
AC
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.
AC
Labels: BBRY, CHTR, EXEL, PKT, TRIP, VVUS
