Stocks to Watch for October 25, 2013 - ARCA biopharma (NASDAQ:ABIO)

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AVEO Pharmaceuticals, Inc. AVEO regained the 50-day exponential average for the first time in over six months. This is a stock that could head higher from Thursday's close. AVEO is in the process of bottoming and I expect a pop above $2.6 at some point in the coming days. From a technical standpoint, the MACD just crossed above signal and the OBV chart is showing some strength in this movement, giving the bulls the signal they wanted. Long setup.

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Arca Biopharma Inc ABIO I will be watching the stock on Friday for a continuation move through Thursday's highs of $1.61. The OBV indicator on chart shows the strength of conviction behind this Bullish trend. A retest of 1.76 seems very likely. I still think the stock could offer some opportunity, so I'll keep the stock position open. The company has 20.7M in cash and has zero debt. It's trading below cash levels and book value. On October 9th, Dawson James initiated coverage on shares with a buy rating and a $3.75 target price. Lets keep an eye on it.

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AMR Corporation AAMRQ Nice breakout on high volume. Buyable on a pullback to the pivot.

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The Home Depot, Inc. HD seems to have reversed from its downtrend and could be starting a new uptrend. With the MACD turning up and above its signal line, this stock could post a nice rally from current levels.

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Zalicus Inc ZLCS made a strong reversal candle Thursday on heavy volume. If the stock can break Thursday's high, I think we will rally back to the $6 level. Stop 4.3

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MGIC Investment Corp. MTG is building a nice Bullish pattern under resistance at $8.50. Watch for a break through that price level to indicate that another push higher will occur.

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MFA Financial, Inc. MFA Technical chart looks very good. It's a potential breakout play. Momentum picking up with MACD climbing and accumulation continues to trend higher. Breakout watch over 7.8

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