Market Overview

Wednesday January 16th watchlist

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Vonage Holdings Corp. (NYSE: VG) is consolidating inside a large ascending triangle with a target price of around $3. A good breakout volume would be above 7.5M shares traded. 

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Bazaarvoice Inc (NASDAQ: BV) - The stock looks poised to bounce from all time lows. Today's above average volume and its close near the high of the day indicates that a trend reversal could be brewing for BV.  Based on the technical chart reading ( 2h ) I'm betting on a reversal and a possible rise over $7.5 in the coming days. Stop-loss $6.37

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VIVUS, Inc. (NASDAQ: VVUS) Nice jump out of the bull flag. Trading above 9 / 13 & 20-day SMAs - Look for follow through tomorrow. No resistance til 15.54

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Netflix, Inc. (NASDAQ: NFLX) Bullish but we could be setting up for a pullback here. The technical daily indicators are looking bullish. MACD is above the signal line and rising in positive territory. All short-term MAs are rising and the stock is rising above them. The bulls are in control.

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Arena Pharmaceuticals, Inc. (NASDAQ: ARNA) Love the look of this chart. Perfect price and volume action. The technical chart shows a stock that's starting to breakout and I would look to the $12 level as the next important point of resistance.

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