Market Overview

Stocks to Watch for April 18, 2013

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BioCryst Pharmaceuticals, Inc. (NASDAQ: BCRX) rebounded from the support line located at $1.76 and closed the day near the highs, gaining 6.18% on the session. I'm watching the stock to breakout the resistance level at $2.21. The technical indicators still indicate a bullish tone in short-term.



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Rigel Pharmaceuticals, Inc. (NASDAQ: RIGL) showed some strength today despite the market was down. We could see more upside tomorrow on this stock. The resistance level is located at 9EMA which is located at $4.93.

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Repros Therapeutics Inc (NASDAQ: RPRX) opened at the red territory $16.65, but the stock exploded to the upside in the afternoon and closed the day near the highs. Looks good, watch for more upside.

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Arena Pharmaceuticals, Inc. (NASDAQ: ARNA) remains trapped between the 50 and 200 ema. Be patient and wait to see, which way this consolidation is resolved.

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Keep on watch. VIVUS, Inc. (NASDAQ: VVUS) looks good for higher prices, next buy area when clears 12.42 on heavy volume.Good upside volume coming into this stock over the last two sessions. Important to see how this acts over the next few days.

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Intel Corporation (NASDAQ: INTC) broke the 200EMA but was unable to close over this level. Despite the bearish market action, the stock performed well relative to the whole market. Technical chart shows a nice bullish MACD cross combined with a strong bounce off the 20-day EMA. This chart tells you that the place to be in INTC is on the long side.

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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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