Market Overview

Stocks To Watch For November 16, 2012

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Green Dot Corporation (NYSE: GDOT) has been consolidating on very light volume the past few days. Right now, GDOT's technical's are looking up as we see only minor resistance at 11.93-12 and looks like this baby is poised for a nice BREAKOUT at any time now. Once the resistance of 12 breaks past we can see it hit the higher levels in minutes ! MACD and Money Flow Index are both showing us something similar : uptrends. With the chart on the verge of a possible breakout, get GDOT on your radars. 
 
The top executives have been bullish about the company as CEO and chairman of the board just bought 89.000 shares or about $995,453 million worth of stock recently. Stay tuned.
 
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After a slow start this morning, Netflix, Inc. (NASDAQ: NFLX) saw its high of the day at 81.9 up 2% and showing strong bid support. The stock closed above the 200-day moving average for the first time since August 2011. Now look for a follow trough in the coming days.
 
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Research In Motion Limited (NASDAQ: RIMM) Looks like it is getting ready for a breakout soon. Good upside volume on the daily chart.
 
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VirnetX Holding Corporation (NYSEAMEX:VHC) is pulling back from recent highs. The rising 50 and 200-day moving averages should provide support. 
 
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Lexmark International Inc (NYSE: LXK) was one of the few stocks that ended higher on Thursday. I'm watching the stock on Friday for a continuation move. Resistance for this move is $24.19, which reflects September highs. If LXK does break resistance, I expect to see the stock move very quickly.
 
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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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