Market Overview

Thursday December 6th Watchlist

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Peabody Energy Corporation (NYSE: BTU) had a strong day today closing near its highs of the day on strong volume. Additionally, the stock closed above its major moving averages and the accumulation/distribution chart showed strength in this movement. It looks like investors are starting to load up at this level. The breakout should take this stock to over $30.
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The stock moved up to trigger my buy at $7.74. Alpha Natural Resources, Inc. (NYSE: ANR) surged on strong volume today, but pulled back a bit at the close to close at $8.07. With MACD above the signal line and with stock above 20-day and 50-day moving average the stock may see more up side.

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Dendreon Corporation (NASDAQ: DNDN) gained over 6% today on better than average volume. The good news here is that stock is getting closer to break its 200-day MA at 4.74.
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Crocs, Inc.(NASDAQ: CROX) was up 2 cents today to $13.30. No changes from my previous post. My first target remains at $14 and the stop loss remains at $12. After the market's close, Imperial Capital Initiated coverage on Crocs, Inc. with an Outperform and a price target of $16.00. That's good news for tomorrow.
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