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.
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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.
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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.
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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.
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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
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TRW Automotive Holdings Corp. (NYSE:TRW) Breakout watch over $55.55 with volume.
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Cambrex Corporation (NYSE:CBM) Flagging above 20-day SMA. Watching over 11.94
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