Market Overview

Stocks to Watch for October 31, 2014

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GoPro Inc (NASDAQ: GPRO) is trading higher after hours, as the company released strong earnings. Right now, the key resistance is located at 74, a break and close above this level will confirm the new bullish trend and the following uptrend will take price up to 80 zone.

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Keep a close eye on Edap Tms SA (NASDAQ: EDAP) tomorrow. The stock looks right on the verge of a breakout. I think in the short term it could see $2.20 but let's see a test and close above of $1.70 first.

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Plug Power Inc (NASDAQ: PLUG) had a nice move on the upside today and looks like it wants to go higher. Resistance stays at $4.75, which is a big area that the stock needs to break.

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Avanir Pharmaceuticals Inc (NASDAQ: AVNR) had a great day on Thursday. The stock not only had momentum, it had also strong volume. The stock broke out of a trading range between $11-$13 and hit an intraday high of $13.45. Now that level will be resistance to watch tomorrow.

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IGI Laboratories, Inc. (NYSEMKT:IG) broke out and closed above the key resistance level on a nice volume increase. If the chart does what is supposed to do the stock will be going higher in the days to come.

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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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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: Trading Ideas

 

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