4 Breakout Stocks To Watch Thursday

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VIVUS, Inc. VVUS broke out to a new all-time high today, accompanied by a strong volume suggesting higher levels.The stock price has been in a nice uptrend for the last two months and it looks very strong with both 50 day and 200 day moving average going up while MACD is above 0 showing positive momentum. Additionally, OBV is increasing indicating accumulation of shares in the market.  As long as the stock holds above the $24.36 support level the intermediate-term picture should remain positive. Fresh exposures may be considered on a move past $29.42, with a stop-loss at $24.36.

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Nice breakout on Standard Pacific Corp. SPF with decent volume, positive MACD. Fresh exposures may be considered on price weakness, with a stop-loss at $5.11. A close above $5.83 may be used to enhance exposures.

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Pharmacyclics, Inc. PCYC Continues to breakout and now Up 80% this month. Might pause but looking to add on any dip. PCYC is too extended to chase. Keep stop losses tight, as risk is significant to both sides here.

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The Walt Disney Company DIS hit a new 52-week high today, trading as high as $48.08, before settling at a close of $47.87. I'll be watching the stock on Thursday, looking for a follow through move. Resistance reflects today's high of $48.08. Keep an eye on DIS because there is good upside in this stock.

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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.

AC