Stocks to Watch for Thursday, May 17 - Alphabet (NASDAQ:GOOG)

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Google Inc GOOG - Cleared all sorts of resistance today. From here we can expect a run to the $640 area and from there we could see an explosive upsurge to $658 and better. Look to buy the stock on dips with a stop around 600. I'll be watching her carefully for any possible opportunities.

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XenoPort, Inc. XNPT continues to show strength. The continued strong volume on upside moves indicates more than just short covering. Watch the $6.43 level.

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Medivation, Inc.

MDVN

has been a very solid stock and just made a new 52-week high today.

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Skyworks Solutions Inc SWKS - Good volume today, still under resistance level but indicators are trending up. Positive MACD divergence on the recent low. If the stock can break through the 50 day sma, we should see heavy buying come and it will be a great buy here. Although this trend is encouraging, the near-term outlook stays cautious till the stock closes conclusively above this level on heavy volume. Bulls could remain invested with a stop loss at $23

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Ariad Pharmaceuticals, Inc. ARIA hit a new 52 week high and held up very well when the nasdaq was tanking.

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