Market Overview

Stocks Watchlist For Wednesday, October 17

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OmniVision Technologies, Inc. (NASDAQ: OVTI) Congratulations to all of you that took advantage of this pick. Patience is a Virtue ;) Tomorrow, we should see a follow-through towards a test of key resistance at 15.

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Ford Motor Company (NYSE: F) broke through resistance and out of a small flag formation. Looks good to go here. Resistance is $10.82, which reflects  its 200-day sma. Once the stock breaks resistance, I expect to see the buyer push the stock higher.

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Today First Solar, Inc. (NASDAQ: FSLR) broke and closed above its 200 day moving average with high volume. Short-term technical indicators are improving and the MACD on the daily chart produced a new buy signal. If the stock can break Tuesday's high, we should see a strong follow through move. FSLR will move very quickly, so keep a very close eye on the stock.

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Kodiak Oil & Gas Corp (NYSE: KOG) Breaking out to the upside from its recent consolidation. I expect to see a continuation move tomorrow. Next resistance lies at $9.92

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Tellabs, Inc. (NASDAQ: TLAB) has had a rough time over the past weeks, but today's bounce could be the first move to recovery. I'm using $2.48 as resistance for this upside move. If the stock can break through this level, we should see a reversal of this down trend. Stay tuned !

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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

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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