February 05, 2013 at 17:28 PM EST
Wednesday February 6th watchlist
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VIVUS, Inc. (NASDAQ:VVUS) had a very good rally today accompanied with large volume. VVUS is one stock that seems to be turning around again and is slowly starting a positive upward trend. Some technical indicators are confirming the recent positive movement.
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Rosetta Genomics Ltd. (NASDAQ:ROSG) potential swing long candidate if it can break above its resistance 4.82. The MACD started to show a bullish sign and so is Stochastic and RSI, indicating a bullish outlook ahead. Looks like the stock is gonna squeeze some shorts to me. Short Float 71%. Stay tuned.
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NVIDIA Corporation (NASDAQ:NVDA) reversed today and formed a nice bullish engulfing candle on the daily. Today’s high of $12.51 is now resistance for the continuation move that should occur very soon.
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Zalicus Inc (NASDAQ:ZLCS) had a great move on the upside today and looks like it wants to go higher. I like that the stock is consolidating above short term moving averages and I expect to see a move soon. Resistance stays at $.83, which is a big area that the stock needs to break.
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I've been stalking Dendreon Corporation (NASDAQ:DNDN)  for a couple of days now and it looks like it may be turning here. The 200ema looms above as resistance and I think it could easily catch some momemtum and clear it. Keep the stock on your radar for the next few trading days. If DNDN can break through resistance, we should see a strong upside move.
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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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AC
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