4 Long Setups To Watch on Thursday

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Kodiak Oil & Gas Corp. KOG traced out a nice setup and the upside breakout has a lot of power. Volume surged and this breakout looks like it is here to stay. There looks to be good upside in KOG, so keep it on your radar the next few days.

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After Pacific Biosciences of California PACB bottomed out at $2.25 on December 19, price action is up a healthy 35%...pushing the stock from below the 20-day SMA to near the 50-day SMA. RSI simultaneously regained the 50-point line that indicates positive momentum is back at the PACB party. The technical indicator MACD is also near to cross above signal again, alerting traders throughout the market that the stock is back on the move. In addition, the recent accumulation has been interesting to say the least. So, keep an eye on PACB for a possible breakout over $3.03.

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Lululemon Athletica inc. LULU  - The stock closed at $51.15, up $4.12 (+8.76%) on volume of 7.47 Million. LULU has a good looking stock chart price broke out from the horizontal resistance mark around $50. All indicators are now in favor of an upward price movement. Intermediate resistances for the stock exists in the zone between $52.57 and $52.81. This momentum could push this stock much higher from here, so keep it on the radar.

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Denison Mines Corp. DNN was a nice runner from the buy list yesterday. The stock has finally closed above its 50 week moving average currently placed around levels of $1.41. This stock has just started moving higher and established a short term up-trend. Momentum indicators are slightly bullish now with RSI inching away above the middle level. The strongest sign of a bullish momentum is the MACD indicator which has just started to increase. The On Balance Volume is also showing positive signs on the stock. Price is expected to at least rally the next resistance at $1.68.

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Other stocks to watch :

US Earnings Calendar for Thursday, January 5

A. Schulman Inc - SHLM
AEHR Test Systems - AEHR
AngioDynamics Inc - ANGO
Apollo Group Inc - APOL
Bonso Electronics International Inc - BNSO
Calavo Growers Inc - CVGW
Constellation Brands Inc - STZ
Credo Petroleum Corp - CRED
Family Dollar Stores Inc - FDO
Franklin Covey Co - FC
Global Payments Inc - GPN
Helen Of Troy Ltd - HELE
Kingtone Wirelessinfo Solution Holding Ltd - KONE
Monsanto Co - MON
MSC Industrial Direct Co Inc - MSM
Peoples Federal Bancshares Inc - PEOP
Rocky Mountain Chocolate Factory Inc - RMCF
Rosetta Genomics Ltd - ROSG
RPM International Inc - RPM
Ruby Tuesday Inc - RT
Saba Software Inc - SABA
Texas Industries Inc - TXI
Worthington Industries Inc - WOR
Xyratex Ltd - XRTX

The following list show stocks whose OBV has been increasing over the last 3 sessions

BAC - BANK OF AMERICA CORP
AA - ALCOA INC
F - FORD MOTOR COMPANY
MU - Micron Technology
RIMM - Research in Motion
T - AT&T Inc
NOK - NOKIA CORP
MGM - Mgm Resorts Int
VALE - Vale S A ADR
YHOO - Yahoo! Inc
CX - CEMEX SA
BSX - BOSTON SCIENTIFIC CORP
FTR - Frontier Communication
HPQ - HEWLETT-PACKARD CO
PBR - PETROLEO BRASILEIRO SA
AMD - ADVANCED MICRO DVCS
X - U S X-U S STEEL GRO
CSX - C S X CORP
WFT - Weatherford International
ITUB - Itau Unibnco Adr
DOW - DOW CHEMICAL CO
IPG - INTERPUBLIC GRP OF COS
PHM - Pultegroup Inc
PCS - MetroPcs Communication
GILD - Gilead Sciences, Inc
VOD - Vodafone Gp Plc
GM - General Motors Corp
GNW - GENWORTH FINCL INC
ABX - BARRICK GOLD CORP
HST - HOST MARRIOTT CORP
HD - HOME DEPOT INC
MT - Arcelormittal
ANR - ALPHA NATURAL RESOU
VEA - Vngrd Msci Eafe
CAT - Caterpillar Inc
HL - HECLA MINING CO
COP - ConocoPhillips
SLB - SCHLUMBERGER LTD
BP - BP AMOCO ADS
KGC - KINROSS GOLD CORP
MRVL - Marvell Technology
ESRX - Express Scripts, Inc
GGB - GERDAU USA
LLY - LILLY ELI & CO
SU - SUNCOR ENERGY INC
POT - POTASH CORP SASKATC
MPEL - Melco Crown Adr
MJN - Mead Johnson Nutrition
BBD - BANCO BRADESCO SA ADS
CBG - Cbre Group Inc A
STX - Seagate Tech
PBRA - PETROLEO BRASILEIRO
AUY - YAMANA GOLD INC
BHI - BAKER HUGHES INC
RENN - Renren Inc
GG - GOLDCORP INC
BBY - BEST BUY CO INC
AVP - AVON PRODUCTS INC
SID - Companhia Siderurgia
AKS - A K STEEL HOLDING CORP
HERO - HERCULES OFFSHORE I
TER - TERADYNE INC
BHP - BHP Billiton Ltd
BSBR - Banco Santander Bra
SLW - Silver Wheaton
SWKS - SKYWORKS SOLUTNS
TLM - TALISMAN ENERGY INC
HES - AMERADA HESS CORP
WINN - WINN-DIXIE STORES
APC - ANADARKO PETROLEUM
FSLR - First Solar Inc
RIO - RIO TINTO P L C
BCS - BARCLAYS P L C
PXP - Plains Exploration
PTEN - Patterson-UTI Energ
CTL - Centurylink Inc
UBS - UBS AG
GGP - General Growth Prop
WFR - MEMC Electronic Mat
HTZ - Hertz Global Holdin
HFC - Holly Cp
ONNN - ON Semiconductor Co
JCI - JOHNSON CONTROLS INC
MTW - MANITOWOC CO INC
TEX - TEREX CORP
FTI - FMC Technologies Inc
DISH - Dish Network A
LEAP - LEAP WIRELESS INTL
APA - APACHE CORP
TOT - Total Sa
UXG - U S Gold Corp
GT - GOODYEAR TIRE & RUB
TXT - TEXTRON INC
MHS - MEDCO HEALTH SOLUTI
JRCC - JAMES RIVER COAL CO
EGO - ELDORADO GOLD CP
KMI - Kinder Morgan Inc
VMED - Virgin Media Inc
TCK - Teck Recs B
KEG - Key Energy Services
CNQ - Canadian Natural Re
NOV - NATIONAL OILWELL INC
TTWO - Take-Two Interactive
NYB - New York Community
SQNM - Sequenom, Inc
PMCS - PMC - Sierra, Inc
TEF - TELEFONICA SA
SPIL - Siliconware Precisi
TMO - Thermo Fisher Scien
NGD - DRC RESOURCES CP

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.

Thanks for visiting AC Investor Blog.

AC
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