Tuesday December 18th watchlist
Sonus Networks, Inc.(NASDAQ: SONS) closed above its major resistance today for the first time since early November. The stock closed strong at its highs of the day on heavier volume than Friday's trading. A lot of technical indicators are suggesting a possible move in SONS to at least $2 which will be my short term target.
VIVUS, Inc.(NASDAQ: VVUS) was a big winner today gaining over 13% on the day. From a technical point of view, the stock looks like it is starting to break out from a base formation. The OBV is starting to point up as well and I think we could see further upside in VVUS. Sell stop : 11.4
GT Advanced Technologies Inc (NASDAQ: GTAT) was down a bit on Monday but the stock is still holding steady above its rising 13-day SMA. My target remains at $4 and the stop loss sell remains at $3. Holding long.
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