Market Overview

Friday December 28th Watchlist

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Zynga Inc (NASDAQ: ZNGA) moved up about 1% on light volume. My first target remains at $2.71 and the stop loss remains at $2.10. The stock still holding its 50-day SMA and trading around it in this bearish environment, which is a Bullish sign. The Slow Stochastic is about to cross up and this may indicate a surge coming. I'll add to the position on a breakout above $2.45.
 
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Nu Skin Enterprises, Inc. (NYSE: NUS) made a strong upside reversal. Only a close above $36.04 would suggest further upside. I think NUS is due for recovery as %K line has crossed on top over %D line. The stock needs to close above this level in order to alleviate the negative near term view. 
 
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Chemtura Corporation (NYSE: CHMT) made a new 52-week high today but failed to close above the previous highs. A breakout from the flag pattern on the upside is positive and the up-move is supposed to continue. Now, the stock needs to confirm the break higher by holding this level above its 20-day SMA and continue to move higher from here.
 
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