Stocks to Watch: BCRX, CBM, FORM, GRPN, IVZ, RIMM, TRW

By Jan 14, 2013, 11:04 AM Author's Blog  

BioCryst Pharmaceuticals, Inc. (NASDAQ:BCRX) Looks like this is it. The stock finally broke resistance at $1.75 with a big spread and large volume. On the daily time-frame, it looks like the resistance that was broken ( horizontal white line ) was part of an ascending triangle with a possible price target of $2.50. In addition, the stock closed above its 50-day SMA for the first time since late October. Watch the stock closely this week.

Stocks to Watch: BCRX, CBM, FORM, GRPN, IVZ, RIMM, TRW

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Needham & Company published a research report on Friday reiterating the “buy” rating on FormFactor, Inc. (NASDAQ:FORM) while maintaining the price target of $8. On the daily time-frame, FORM has been doing nothing but uptrending for the past 8 weeks, with shares making mostly higher lows and higher highs. The stock is currently trading above both its 20-day and 50-day moving averages, which is bullish. Lastly, the accumulation / distribution indicator shows the stock is under strong accumulation. Nearest resistance for the stock is at $5.37. If this level is crossed and the stock is able to sustain above this level, then it might go to $6.

Stocks to Watch: BCRX, CBM, FORM, GRPN, IVZ, RIMM, TRW

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Research In Motion Limited (NASDAQ:RIMM) – The stock finished the day up 13.76% on huge volume of over 110 million of shares exchanging hands. That is a powerful sign that high prices are likely to continue. Long positions may be considered on price weakness with a stop-loss at $11. The next resistance it could encounter is at $14.2. Once that level is breached, the next resistance could be the 15 psychological area.

Stocks to Watch: BCRX, CBM, FORM, GRPN, IVZ, RIMM, TRW

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Groupon Inc (NASDAQ:GRPN) needs to take out $5.50. The break of the resistance line with heavy volume should be the next buy point on GRPN. The stock is forming a possible Inverted Head and Shoulders Pattern.

Stocks to Watch: BCRX, CBM, FORM, GRPN, IVZ, RIMM, TRW

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Invesco Ltd. (NYSE:IVZ) broke out Friday after it has been consolidating the past few trading days. The stock moved up on solid volume and should have a continuation move today. If the stock can break through Friday’s high of $27.83, I am a buyer of the stock with a stop-loss at 26.37

Stocks to Watch: BCRX, CBM, FORM, GRPN, IVZ, RIMM, TRW

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TRW Automotive Holdings Corp. (NYSE:TRW) Breakout watch over $55.55 with volume.

Stocks to Watch: BCRX, CBM, FORM, GRPN, IVZ, RIMM, TRW

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Cambrex Corporation (NYSE:CBM) Flagging above 20-day SMA. Watching over 11.94

Stocks to Watch: BCRX, CBM, FORM, GRPN, IVZ, RIMM, TRW

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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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