4 Long Setups To Watch on Thursday - Lululemon Athletica (NASDAQ:LULU)

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Kodiak Oil & Gas Corp. KOG traced out a nice setup and the upside breakout has a lot of power. Volume surged and this breakout looks like it is here to stay. There looks to be good upside in KOG, so keep it on your radar the next few days.

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After Pacific Biosciences of California PACB bottomed out at $2.25 on December 19, price action is up a healthy 35%...pushing the stock from below the 20-day SMA to near the 50-day SMA. RSI simultaneously regained the 50-point line that indicates positive momentum is back at the PACB party. The technical indicator MACD is also near to cross above signal again, alerting traders throughout the market that the stock is back on the move. In addition, the recent accumulation has been interesting to say the least. So, keep an eye on PACB for a possible breakout over $3.03.

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Lululemon Athletica inc. LULU - The stock closed at $51.15, up $4.12 (+8.76%) on volume of 7.47 Million. LULU has a good looking stock chart price broke out from the horizontal resistance mark around $50. All indicators are now in favor of an upward price movement. Intermediate resistances for the stock exists in the zone between $52.57 and $52.81. This momentum could push this stock much higher from here, so keep it on the radar.

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Denison Mines Corp. DNN was a nice runner from the buy list yesterday. The stock has finally closed above its 50 week moving average currently placed around levels of $1.41. This stock has just started moving higher and established a short term up-trend. Momentum indicators are slightly bullish now with RSI inching away above the middle level. The strongest sign of a bullish momentum is the MACD indicator which has just started to increase. The On Balance Volume is also showing positive signs on the stock. Price is expected to at least rally the next resistance at $1.68.

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Other stocks to watch :

US Earnings Calendar for Thursday, January 5

A. Schulman Inc - SHLM
AEHR Test Systems - AEHR
AngioDynamics Inc - ANGO
Apollo Group Inc - APOL
Bonso Electronics International Inc - BNSO
Calavo Growers Inc - CVGW
Constellation Brands Inc - STZ
Credo Petroleum Corp - CRED
Family Dollar Stores Inc - FDO
Franklin Covey Co - FC
Global Payments Inc - GPN
Helen Of Troy Ltd - HELE
Kingtone Wirelessinfo Solution Holding Ltd - KONE
Monsanto Co - MON
MSC Industrial Direct Co Inc - MSM
Peoples Federal Bancshares Inc - PEOP
Rocky Mountain Chocolate Factory Inc - RMCF
Rosetta Genomics Ltd - ROSG
RPM International Inc - RPM
Ruby Tuesday Inc - RT
Saba Software Inc - SABA
Texas Industries Inc - TXI
Worthington Industries Inc - WOR
Xyratex Ltd - XRTX

The following list show stocks whose OBV has been increasing over the last 3 sessions

BAC - BANK OF AMERICA CORP

AA - ALCOA INC

F - FORD MOTOR COMPANY

MU - Micron Technology

RIMM - Research in Motion

T - AT&T Inc

NOK - NOKIA CORP

MGM - Mgm Resorts Int

VALE - Vale S A ADR

YHOO - Yahoo! Inc

CX - CEMEX SA

BSX - BOSTON SCIENTIFIC CORP

FTR - Frontier Communication

HPQ - HEWLETT-PACKARD CO

PBR - PETROLEO BRASILEIRO SA

AMD - ADVANCED MICRO DVCS

X - U S X-U S STEEL GRO

CSX - C S X CORP

WFT - Weatherford International

ITUB - Itau Unibnco Adr

DOW - DOW CHEMICAL CO

IPG - INTERPUBLIC GRP OF COS

PHM - Pultegroup Inc

PCS - MetroPcs Communication

GILD - Gilead Sciences, Inc

VOD - Vodafone Gp Plc

GM - General Motors Corp

GNW - GENWORTH FINCL INC

ABX - BARRICK GOLD CORP

HST - HOST MARRIOTT CORP

HD - HOME DEPOT INC

MT - Arcelormittal

ANR - ALPHA NATURAL RESOU

VEA - Vngrd Msci Eafe

CAT - Caterpillar Inc

HL - HECLA MINING CO

COP - ConocoPhillips

SLB - SCHLUMBERGER LTD

BP - BP AMOCO ADS

KGC - KINROSS GOLD CORP

MRVL - Marvell Technology

ESRX - Express Scripts, Inc

GGB - GERDAU USA

LLY - LILLY ELI & CO

SU - SUNCOR ENERGY INC

POT - POTASH CORP SASKATC

MPEL - Melco Crown Adr

MJN - Mead Johnson Nutrition

BBD - BANCO BRADESCO SA ADS

CBG - Cbre Group Inc A

STX - Seagate Tech

PBRA - PETROLEO BRASILEIRO

AUY - YAMANA GOLD INC

BHI - BAKER HUGHES INC

RENN - Renren Inc

GG - GOLDCORP INC

BBY - BEST BUY CO INC

AVP - AVON PRODUCTS INC

SID - Companhia Siderurgia

AKS - A K STEEL HOLDING CORP

HERO - HERCULES OFFSHORE I

TER - TERADYNE INC

BHP - BHP Billiton Ltd

BSBR - Banco Santander Bra

SLW - Silver Wheaton

SWKS - SKYWORKS SOLUTNS

TLM - TALISMAN ENERGY INC

HES - AMERADA HESS CORP

WINN - WINN-DIXIE STORES

APC - ANADARKO PETROLEUM

FSLR - First Solar Inc

RIO - RIO TINTO P L C

BCS - BARCLAYS P L C

PXP - Plains Exploration

PTEN - Patterson-UTI Energ

CTL - Centurylink Inc

UBS - UBS AG

GGP - General Growth Prop

WFR - MEMC Electronic Mat

HTZ - Hertz Global Holdin

HFC - Holly Cp

ONNN - ON Semiconductor Co

JCI - JOHNSON CONTROLS INC

MTW - MANITOWOC CO INC

TEX - TEREX CORP

FTI - FMC Technologies Inc

DISH - Dish Network A

LEAP - LEAP WIRELESS INTL

APA - APACHE CORP

TOT - Total Sa

UXG - U S Gold Corp

GT - GOODYEAR TIRE & RUB

TXT - TEXTRON INC

MHS - MEDCO HEALTH SOLUTI

JRCC - JAMES RIVER COAL CO

EGO - ELDORADO GOLD CP

KMI - Kinder Morgan Inc

VMED - Virgin Media Inc

TCK - Teck Recs B

KEG - Key Energy Services

CNQ - Canadian Natural Re

NOV - NATIONAL OILWELL INC

TTWO - Take-Two Interactive

NYB - New York Community

SQNM - Sequenom, Inc

PMCS - PMC - Sierra, Inc

TEF - TELEFONICA SA

SPIL - Siliconware Precisi

TMO - Thermo Fisher Scien

NGD - DRC RESOURCES CP

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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