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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