Market Overview

Top Stocks on my Watch List for Thursday December 20th

( click to enlarge )

Accretive Health, Inc.(NYSE: AH) Looks poised to break through this resistance at 12.25-12.28. The accumulation/distribution line shows a significant uptrend and MFI reveals very strong buying pressure. I believe that this is the first sign of a change in trend of the stock sentiment. Keep on watch !
 ( click to enlarge )
Progenics Pharmaceuticals, Inc.(NASDAQ: PGNX) started a rally that saw the stock break $2.48, its 50-day moving average on heavy volume. After that break, the stock soared to a high of $2.91 before closing the day at $2.87. This creates a strong bullish scenario for tomorrow. From a technical standpoint, the stock broke the DT line, its 50-day SMA and MACD back above zero. The ingredients are here for a nice move. Lots of room to the upside if it can follow through from today's big gains. A rally from the current levels could see very little resistance to the upside. Keep PGNX on your radar for Thursday's trading session. 
 ( click to enlarge )
NVIDIA Corporation (NASDAQ: NVDA) The stock acted like it was going to break-out from the bull flag pattern, but failed to. Maybe tomorrow. 
 ( click to enlarge )
Brightcove Inc (NASDAQ:BCOV) broke out above its 20-day SMA at $9.37. BCOV is now riding on a short-term upward movement in share price. Technical indicators are becoming more favorable, with the MACD and Stochastics starting to turn up. Next resistance lies at $10 and then at $10.14.
  ( click to enlarge )
Herbalife Ltd. (NYSE: HLF) Broke down through a major support area today of 42.15. Next support is at 35.39 All technicals are bearish.
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.

Thanks for visiting AC Investor Blog.


The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

Posted-In: Markets Trading Ideas


Related Articles (HLF + AH)

View Comments and Join the Discussion!