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Antonio Costa

Stock Watchlist For Next Week

By Antonio Costa on | More Posts By | Author's Website

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Shares of Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) surged more than 7% to $1.38 per share on today’s session after announced that lorcaserin will be featured in presentations at ECO 2011, the 18th European Congress on Obesity. This event will take place May 25-28, 2011, at the Istanbul Convention & Exhibition Centre Lutfi Kirdar in Istanbul, Turkey. Lorcaserin is an investigational drug candidate intended for weight management, including weight loss and maintenance of weight loss, in patients who are obese or patients who are overweight and have at least one weight-related co-morbid condition. From a technical standpoint, it looks likea stock that is poised to make a come back after dissappointing performance this year. First of all the six month chart shows the stock has formed a bottom around $1.21. Then the stock closed above its 50 dma for the first time since January with good volume. Although stock is still in bear market with MACD below 0, with %K line now back above %D line the stock has chance to start new rally.  Keep a close eye on ARNA because it could be a strong play.

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Golar LNG Limited (NASDAQ:GLNG) – Nice looking breakout with volume.  Held 50 day sma and broke above recent consolidation.  Looking for a move above $30.44 as an entry here on the long side. The technical daily chart above shows the momentum indicators have turned up and the RSI is on the rise. 

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Analog Devices, Inc. (NYSE:ADI) – Very impressive high volume breakout on Wednesday. The stock needs to hold this prior resistance are as support for ADI players not to get punished. Otherwise, best to let it base out a bit first before entering. Technically, the stock is in bull market rally as %K line is on top of %D line and MACD is above signal. 

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FormFactor, Inc. (NASDAQ:FORM) continues to drift lower but the stock should find support around its 200 day sma. I don’t see any changes from Wednesday night comments. I love the risk/reward so long as it holds above the 200 day moving average. The technical daily chart shows major rally could be coming as the 50 day moving average has crossed on top over 200 day moving average and formed Golden Cross in March, a very bullish sign. In addition, Stochastics are oversold and beginning to turn up, which often leads to short covering. One weak signal is MACD which has dipped below 0. I keep the bullish bias on FORM.

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Other stocks to watch :

Earnings Announcements for Monday

Afc Enterprises Inc – AFCE
Apollo Investment Corp – AINV
Bio-Reference Laboratories Inc – BRLI
Brooklyn Federal Bancorp Inc – BFSB
Campbell Soup Co – CPB
Capital Southwest Corp – CSWC
CaraCo Pharmaceutical Laboratories Ltd – CPD
Carver Bancorp Inc – CARV
China Mass Media Corp – CMM
China Sunergy Co Ltd – CSUN
Cninsure Inc – CISG
Columbus McKinnon Corp – CMCO
CSS Industries Inc – CSS
Ditech Networks Inc – DITC
Eltek Ltd – ELTK
FNB United Corp – FNBN
Genesco Inc – GCO
Gladstone Investment Corp – GAIN
Gramercy Capital Corp – GKK
GT Solar International Inc – SOLR
Gushan Environmental Energy Ltd – GU
Hoku Corp – HOKU
Jamba Inc – JMBA
Krispy Kreme Doughnuts Inc – KKD
Longtop Financial Technologies Ltd – LFT
Mayflower Bancorp Inc – MFLR
Meade Instruments Corp – MEAD
Mesa Laboratories Inc – MLAB
Movado Group Inc – MOV
Natuzzi SpA – NTZ
Ninetowns Internet Technology Group Co Ltd – NINE
Paragon Shipping Inc – PRGN
Perfect World Co Ltd – PWRD
Perry Ellis International Inc – PERY
Private Media Group Inc – PRVT
Qiao Xing Mobile Communication Co Ltd – QXM
Qihoo 360 Technology Company Limited – QIHU
Qr Energy LP – QRE
Quality Systems Inc – QSII
Rex American Resources Corp – REX
SeaChange International Inc – SEAC
Shiloh Industries Inc – SHLO
Ship Finance International Ltd – SFL
Skystar Bio Pharmaceutical Co – SKBI
Sycamore Networks Inc – SCMR
Tech Data Corp – TECD
Universal Corp – UVV
UQM Technologies, Inc – UQM
Verigy Ltd – VRGY
Vimm-Bill’-Dann Produkty Pitaniya OAO – WBD
Wonder Auto Technology Inc – WATG
Xeta Technologies Inc – XETA

New 52-week high stocks

S – Sprint Corp FON Group
LNG – Cheniere Energy Inc
KFT – KRAFT FOODS INC
FL – Foot Locker Inc
GME – GAMESTOP CP
AXP – AMERICAN EXPRESS CO
ICO – INTERNATIONAL COAL
AMRN – Amarin Corporation
YUM – TRICON GLOBAL REST INC
SUG – SOUTHERN UNION CO
MCD – MCDONALDS CORP
FRX – FOREST LABORATORIES
PPL – PPL CORPORATION
NRG – NRG Energy Inc
BAX – BAXTER INTERNATIONAL
CHU – CHINA UNICOM LTD
ATHR – ATHEROS COMMUN INC
KNXA – KENEXA CORPORATION
HNZ – HEINZ H J CO
MAKO – MAKO SURGICAL CORP
COST – Costco Wholesale Co
D – DOMINION RESOURCES
DAR – Darling Intl
DISH – Dish Network A
MHP – MCGRAW HILL COS INC
ALKS – Alkermes, Inc.
RAI – RJ Reynolds Tobacco
GLBC – GLOBAL CROSSING LTD
HUM – HUMANA INC
NVE – SIERRA PACIFIC RESOURCES
SODA – SodaStream Internationa
CNK – Cinemark Holdings Inc
SGEN – Seattle Genetics
CBST – Cubist Pharmaceutical
LO – Lorillard Inc
HIBB – Hibbett Sports
ELGX – Endologix Inc
BBG – Bill Barrett Corp

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

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