Stocks to Watch for April 23, 2013 - Cheesecake Factory (NASDAQ:CAKE)

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Pharmacyclics, Inc. PCYC had a nice breakout today with a pop of $4.17 to 81.69 or 5.38% on 959K shares, the biggest volume in a couple weeks. The heavy buying makes this an interesting situation and one worth watching on Tuesday. The technical daily chart above suggests that stock might find now resistance at $85. Only a close above this level would suggest further upside. Remain invested with a stop loss at $71.8

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To me Research In Motion Ltd BBRY still looks poised to break higher. A move above 14.2 would confirm the breakout, with an initial target of 15.55 and secondary target of 16.01. Stop is at 13.07. The uptrend is definitely intact awesome medium-term hold.

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SUPERVALU INC. SVU Over 5.42 for a breakout trade.

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Tesla Motors Inc TSLA recorded a new 52-week high today above 50. The stock has been one of the most amazing runs of the past six weeks. I'll be watching the stock on Tuesday, looking for a follow through move. At this point, we have to start thinking about just how high TSLA will go. As long as the stock stay above 45.93, the short-term bullish scenario still intact.

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The Cheesecake Factory Incorporated CAKE is slowly recovering. The 38.5 area is a critical resistance region that can determine overall bias for the stock in short-term.

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Cott Corporation COT potential breakout candidate.

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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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