Market Overview

Stocks To Watch For November 13, 2012

Stocks To Watch For November 13, 2012
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Zale Corporation (NYSE: ZLC) hit another new 52-week high on decent volume. If you're looking for a new entry point I'd wait for a dip near $7.12.

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Ciena Corporation (NASDAQ: CIEN) continues to inch higher but the volume was pretty light. At this point my aggressive buy the breakout trigger is at $15, with a stop loss at $13.98 and a target at $16.5. If triggered at $15 I want to use small positions.

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TiVo Inc.(NASDAQ: TIVO) does not seem to be as weak as the market and is holding its major moving averages quite well. Also the technical chart shows a golden cross a very bullish formation. Accumulation remains good and the stock could see a test of the recent highs in the near future. The shares are currently trading at $10.10 while the company has $4.36 per share in cash. With a mean analyst price target of $15, Wall Street believes TiVo has plenty of room to run. 
 
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IMAX Corporation (NYSE: IMAX) is still showing relative strength with a 2.2% gain today. I want to jump on board with a dip back toward $22.8
 
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Finisar Corporation (NASDAQ: FNSR) is still drifting sideways under short-term resistance at $12.50. This daily pivot level serves as resistance and a close above $12.5 can change the downtrend with targets set for the second resistance of 13. 
 
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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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The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

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