Wednesday January 16th watchlist

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Vonage Holdings Corp. VG is consolidating inside a large ascending triangle with a target price of around $3. A good breakout volume would be above 7.5M shares traded. 

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Bazaarvoice Inc BV - The stock looks poised to bounce from all time lows. Today's above average volume and its close near the high of the day indicates that a trend reversal could be brewing for BV.  Based on the technical chart reading ( 2h ) I'm betting on a reversal and a possible rise over $7.5 in the coming days. Stop-loss $6.37

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VIVUS, Inc. VVUS Nice jump out of the bull flag. Trading above 9 / 13 & 20-day SMAs - Look for follow through tomorrow. No resistance til 15.54

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Netflix, Inc. NFLX Bullish but we could be setting up for a pullback here. The technical daily indicators are looking bullish. MACD is above the signal line and rising in positive territory. All short-term MAs are rising and the stock is rising above them. The bulls are in control.

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Arena Pharmaceuticals, Inc. ARNA Love the look of this chart. Perfect price and volume action. The technical chart shows a stock that's starting to breakout and I would look to the $12 level as the next important point of resistance.

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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.

Thanks for visiting AC Investor Blog.

AC
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