Friday Stock Watchlist: 5 Technical Setups to Watch

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Good Morning, Traders. TEKELEC TKLC looks ripe for an explosive move upwards. The stock had a bullish momentum on Thrusday, gaining more than 7% and closing near the highs of the session. Very strong. So, with the bulls pushing shares higher, I expect the stock to see a continuation of high volume and price appreciation in today's market. Technically Speaking, this stock is showing signs of an upcoming breakout. The stock has built a durable base at $7.70 and has begun to move strongly off that base and now the stock is under accumulation again. In addition, the MACD is also showing a new uptrend developing and looks like it could cross the zero line if this trend continues. That is crucial because a weak bearish signal then becomes a bullish signal. The stochastics back up the volume indicator as the oscillator has exited oversold status and is on a bullish trend. I believe the stock is gaining momentum and could keep running !! Watch the stock closely today.

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I've mentioned THQ Inc. THQI for the bulls out there. I stand by this position. The stock made a nice move on Thursday and looks ready to continue today. The Stochastic Oscillator is registering a bullish signal as the %K has crossed above the %D. The nearest trend is in favour of Bulls and THQI has room to go higher. If the stock can break through $3.54, we should see strong volume drive the stock higher. You need to watch the stock closely because it could break resistance soon.

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Motorola Mobility Holdings Inc MMI - It seems that all bad news has been fully priced into this stock. If support holds and sentiment improves towards the sector a bounce or move higher could be in the cards.

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Jazz Pharmaceuticals, Inc.JAZZ - As long as the stock holds above the $26.52 support level the intermediate-term picture should remain positive. JAZZ has made a transition from down trend to uptrend. The short-term trend is bullish and a move to the $34.50 appears likely.

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Canadian Solar Inc. CSIQ is now positive and a move to $12-12.5 appears likely. The positive outlook would be in force as long as the stock remains above the 50-day moving average (now 9.74). Remain invested with a stop-loss at $9.24. The technical daily chart show a continuation of the trend with MACD and RSI trending upwards.

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Other stocks to watch :

New 52-week High stocks

SOLR - GT Solar International
ZAGG - Zagg Incorporated
ARIA - ARIAD Pharmaceutical
CROX - CROCS INC
LULU - lululemon athletical
ORLY - O'Reilly Automotive
JVA - COFFEE HOLDING CO INC
GCO - GENESCO INC
FUL - HB Fuller Co
DLTR - Dollar Tree Inc
ULTA - Ulta Salon Cosmetic
FOSL - Fossil, Inc.
TSCO - Tractor Supply Company
N - Netsuite Inc
CATM - Cardtronics Inc

New 52-week low stocks

PMCS - PMC - Sierra, Inc.
GGB - GERDAU USA
JNS - Janus Capital Group
NYB - New York Community
BCS - BARCLAYS P L C
SID - Companhia Siderurgica
PBR.A - PETROLEO BRASILEIRO
HCBK - Hudson City Bancorp
MBT - MOBIL TELESYSTEMS
GFA - Gafisa SA
FRO - FRONTLINE LTD
AUO - AU OPTRONICS CORP
OCLR - Bookham Technology plc
CPTS - Conceptus, Inc.
LOGI - Logitech International
NTRS - Northern Trust Corp
KCG - Knight Capital
DWA - DreamWorks Animational
AMCC - Applied Micro Circuits
ASIA - Asiainfo Linkage
BKCC - BlackRock Kelso Cap
GRFS - Grifols SA

DLB - DOLBY LABORATORIES INC
CLGX - FIRST AMERICAN CORP
PRE - PARTNER RE LTD
LFC - CHINA LIFE INSUR CO
BMTI - BIOMIMETIC THERAPEUT
AB - ALLIANCE CAPITAL MGMT
ITRI - Itron, Inc.
STV - CHINA DIGITAL TV
ENOC - EnerNOC Inc

Unusual volume on Thursday's session

BMY - BRISTOL MYERS SQUIB
SNWT - San West Inc
KBE - SPDR KBW BNK
CAG - CONAGRA INC
CBIS - National Healthcare
BCLI - GOLDEN HAND RES INC
PMCS - PMC - Sierra, Inc.
RHT - Red Hat, Inc.
SUG - SOUTHERN UNION CO
BBBY - Bed Bath & Beyond Inc.
YRCW - Yellow Roadway
CMSI - Cannabis Medical Solutions
PHG - Koninklijke Philips
ZAGG - Zagg Incorporated
FCSC - Fibrocell Science Inc
CHL - China Mobile ltd
MNI - THE MCCLATCHY CO

GTXI - GTX INC
FLOW - Lava Flow Inc
ARWD - CNE Group Inc
THS - TREEHOUSE FOODS INC
SHMX - Aultra Gold
GEYI - Global Energy Inc
ALALF - Alcatel Alsthom Co
NSPH - Nanosphere Inc
SCS - STEELCASE INC
SNPMF - China Petroleum
CPTS - Conceptus, Inc.
SDTH - Shengdatech
DDSS - LABOPHARM INC
KIE - SPDR KBW INSURE
CYTR - CytRx Corporation
OOAG - OMDA Oil and Gas Inc

PODD - Insulet Corp
AMCXV - AMC Network Cl A
BOCX - BIOCUREX INC
MLHR - Herman Miller, Inc.
BAMXY - Bayerische Motoren
RBN - ROBBINS & MYERS INC
FROI - Fero Industries Inc
GCO - GENESCO INC
SRLS - SeraCare Life Science
CHGS - Point Acquisition Corp
HOTM - Sombrio Capital Corp
AVAV - AeroVironment Inc
SREV - ServiceSource International
DYMTF - DYNAMOTIVE ENERGY S
IRWD - Ironwood Pharmaceutical
CRH - CRH, public limited
IHS - IHS INC. CLASS A
RENS - Aspa Gold Corp

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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