Market Overview

Watch these Stocks Tomorrow

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Shares of Zalicus, Inc. (NASDAQ: ZLCS) surged 6.61% to $1.29 per share after MLV & Co initiates coverage on Zalicus with a Buy rating and a $4 target price to reflect the company's clinical development for 2012. From a technical standpoint,  the stock still looks very strong with both 20 day and 50 day moving average going up while MACD is above 0 and %K line is on top of %D line. In addition the OBV suggests strong accumulation is going on. Today's high was $1.32, which is resistance for the follow through move on Thursday. If the stock does break resistance, expect to see another strong upside move. There looks to be more room in this move, so watch the stock closely over the next few days.
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Hercules Offshore, Inc. (NASDAQ: HERO) started the day weak, but rallied to go positive and closed near the highs of the day. This could be the start of a trend reversal for HERO, which is why I'll be watching the stock on Thursday. Resistance is $4.44, which was Wednesday's high of the day. If the stock breaks through, there is a good chance you will see a strong upside move, so watch the stock very closely tomorrow. In addition, the Chaikin Money Flow Index is showing a rising move, indicating a rising money flow into the stock. Keep HERO on your radar for Thursday's trading session.

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Sounds like JinkoSolar Holding Co., Ltd. (NYSE: JKS) is gaining some momentum again. The stock has made a strong bounce off of the lows that were posted last week with good volume. The technical daily chart shows possible new rally as %K line is back above %D line, while the RSI is also gaining strength. If a proper breakout happens at $5.50 we can see a target of $6.97.

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Pfizer Inc. (NYSE: PFE) has been in an upwards trend the past few weeks and looks ready to continue this move. Today, the stock ended up 22 cents, which was respectable in this weak market. PFE is worth watching on Thursday, especially if the market shows strength. Resistance is $21.73, which reflects Wednesday's high of the day.
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Other stocks to watch :

US Earnings Calendar for Thursday, December 22

American Greetings Corp - AM
CalAmp Corp - CAMP
China Direct Industries Inc - CDII
Christopher & Banks Corp - CBK
Dynasil Corp of America - DYSL
General Employment Enterprises Inc - JOB
Good Times Restaurants Inc - GTIM
Neogen Corp - NEOG
SearchMedia Holdings Ltd - IDI

New 52-week High stocks

PFE - PFIZER INC.
DFG - DELPHI FNCL GROUP INC
CVS - CVS Caremark Corp
VZ - Verizon Comm
MO - ALTRIA GROUP
KFT - KRAFT FOODS INC
DUK - DUKE ENERGY CORP
AMGN - Amgen Inc.
HD - HOME DEPOT INC
WMT - Wal-Mart Stores Inc
EP - EL PASO CORP
PM - Philip Morris International
LLY - LILLY ELI & CO
CTAS - Cintas Corporation
SO - SOUTHERN CO
MCD - MCDONALDS CORP
SBUX - Starbucks Corporation
XEL - XCEL ENERGY INC
TSN - TYSON FOODS INC CL A
AMT - AMERICAN TOWER CORP
RRR - RSC Holdings Inc
ELN - ELAN CORP P L C
SE - SPECTRA ENERGY CORP
D - DOMINION RESOURCES
NI - NISOURCE INC
NEE - Nextera Energy
ED - CONSOLIDATED EDISON
ROST - Ross Stores, Inc.
FAST - Fastenal Company
PRGO - Perrigo Company
WEC - WISCONSIN ENERGY CORP
GRMN - Garmin Ltd
PGN - Progress Energy Inc
PETM - PETsMART, Inc.
CMS - C M S ENERGY CORP
AWK - American Water Work
OCR - OMNICARE INC
PNW - PINNACLE WEST CAP CORP
SBH - Sally Beauty Holding
DTE - D T E ENERGY CO
ENB - ENBRIDGE INC
KMP - KINDER MORGAN ENRGY
RCII - Rent-A-Center Inc.

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

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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