Market Overview

Friday March 22th Watchlist

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Vertex Pharmaceuticals Incorporated (NASDAQ: VRTX) has been consolidating the last few sessions while relieving overbought conditions. Look for break above $53.03 to enter longs.
 
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Rambus Inc. (NASDAQ: RMBS) made a nice upside reversal today in a weak market. The technical chart suggests that stock might find now resistance at $5.45. Only a close above this level (50-day MA) would suggest further upside.
 
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Yahoo! Inc. (NASDAQ: YHOO) Nice jump out of the bull flag today on a huge volume spike. Looks good to go here. Resistance is $23.09, which reflects the recent highs.
 
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3D Systems Corporation (NYSE: DDD) broke and closed back above its 200-day MA on solid volume. The bulls will now try and regain control.
 
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Groupon Inc (NASDAQ: GRPN) has been consolidating in the 5.25-5.6. This stock remains on alert for a breakout. $5.61 is the first line of resistance followed by $5.73 Buy stop set.
 
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I think Gevo, Inc. (NASDAQ: GEVO) remains one to watch considering the heavy buying over the last two days. If this keeps up  we could see a sharp rally from here jmho.
 
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Today was an amazing day for ACADIA Pharmaceuticals Inc. (NASDAQ: ACAD) With a combination of massive volume and huge gains, this pick mentioned Wednesday and several times on twiiter, truly was a great find. Congratulations to everyone who profited.
 
During the day I tweet many times to my readers. I encourage everybody to subscribe AC Investor Blog  twitter and newsletter, so you can receive my trade ideas and stock news in real time.  



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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