Thursday's Stocks to Watch, Jun 09

( click to enlarge )

Netflix, Inc. NFLX tried to move to higher price levels, but was not accompanied by volume so it dropped today. According to the technical daily chart above no pattern has emerged yet, but what NFLX needs is additional volume in its upward move for it to reach the previous highs. If more volume does not come in, we could see a side to downward move. Technical indicators have been displaying bearish divergence to the price action over the last few days. I believe that the recent rally has weakened considerably. Hence I expect a pullback to the immediate support at around $252. Any upside from here will likely meet resistance at around $267.44, followed by $271.20.

( click to enlarge )

THQ Inc. THQI is very oversold on a shorter-term basis and therefore believe we could see a nice bounce rally towards week end. Keep an eye on THQI for a possible recovery from here.

( click to enlarge )

Central European Distribution Corp CEDC - We are in between two critical levels, 12.61 upside and 10.97 downside. The stock will take a move only after a breakout/breakdown beyond these parameters on heavy volume.

( click to enlarge )

InterDigital, Inc. IDCC - The near-term outlook is negative and a move to the 33-34 range appears likely. The technical daily chart shows the stock is in a bear market as it is way below of 200-day moving average and trading below its 20 and 50 day moving averages. In addition, since MACD is in negative territory as it has dropped below 0 this is not the time yet to buy the stock for long. Only a break above $40 would reinstate bullishness.

Keep up to date by subscribing AC Investor Blog newsletter or RSS feed. You may wish to also follow me on Twitter

Other stocks to watch :

Unusual volume in today's trading session

CIM - Chimera Investment
CIEN - CIENA Corporation
MTG - M G I C INVT CORP WIS
V - VISA Inc
TLB - TALBOTS INC
ANF - ABERCROMBIE & FITCH CO
FTWR - FiberTower Corp
VIZS - VizStar Inc
SUF - SULPHCO INC
TCB - T C F FINANCIAL CORP
EGHT - 8X8 Inc
CMZPF - COMPTON PETROLEUM C
HPGS - High Plains Gas Inc
QNST - QuinStreet Corp

Earnings Announcements for Thursday

Benihana Inc - BNHN
Bridgford Foods Corp - BRID
CaraCo Pharmaceutical Laboratories Ltd - CPD
Cavico Corp - CAVO
Cherokee Inc - CHKE
China Natural Resources Inc - CHNR
Cinedigm Digital Cinema Corp - CIDM
Cra International Inc - CRAI
Cycle Country Accessories Corp - ATC
Enzo Biochem Inc - ENZ
Hoku Corp - HOKU
National Semiconductor Corp - NSM
RealD Inc - RLD
Rentrak Corp - RENT
Repligen Corp - RGEN
SeaChange International Inc - SEAC
Subaye Inc - SBAY
Tel Instrument Electronics Corp - TIK
The J M Smucker Co - SJM
Titan Machinery Inc - TITN
Uranium Energy Corp - UEC
US Geothermal Inc - HTM
Vail Resorts Inc - MTN
Waccamaw Bankshares Inc - WBNK

New 52-week high stocks

VRUS - Pharmasset Inc
COG - CABOT OIL & GAS CORP
FRX - FOREST LABORATORIES
SODA - SodaStream International
RPTP - Axonyx, Inc.
ZLC - Zale Corp
TLVT - TELVENT GIT SA ORD
CHT - CHUNGHWA TELCOMM
GTXI - GTX INC

New 52-week low stocks

BAC - BANK OF AMERICA CORP
CSCO - Cisco Systems, Inc.
NOK - NOKIA CORP
MTG - M G I C INVT CORP WIS
SPLS - Staples, Inc.
RIMM - Research in Motion
HPQ - HEWLETT-PACKARD CO
AIG - AMERICAN INTERNATIONAL
GNW - GENWORTH FINCL INC
AKAM - Akamai Technologies
TGT - TARGET CORP
URBN - Urban Outfitters, Inc.
YGE - Yingli Green Energy
EGO - ELDORADO GOLD CP
SVNT - SAVIENT PHARMS
RSH - RADIOSHACK CORP
HCBK - Hudson City Bancorp
BRK.B - Berkshire Hathaway Inc
OMX - OfficeMax Inc
CREE - Cree, Inc.
FRO - FRONTLINE LTD
OCLR - Bookham Technology plc
NKTR - Nektar Therapeutics
JNY - The Jones Group
FSLR - First Solar Inc
SKX - SKECHERS USA INC
COGO - Cogo Group
ELNK - EarthLink, Inc.
DWA - DreamWorks Animation
CMED - CHINA MEDICAL TECH
ASIA - Asiainfo Linkage
INFN - Infinera Corp
LXK - Lexmark International
BWS - BROWN SHOE CO INC
VQ - Venoco Inc
DSX - DIANA SHIPPING INC
HOLI - Holysy Auto Tech
GHL - GREENHILL & CO INC
SNE - SONY CORP
ITRI - Itron, Inc.
SMT - Smart Technologies Inc
TRH - TRANSATLANTIC HLDGS
BWP - BOARDWALK PIPELINE
SIGM - Sigma Designs, Inc.
WMS - W M S INDUSTRIES INC
CXS - CreXus Investment Corp
BMTI - BIOMIMETIC THERAPEUT
AB - ALLIANCE CAPITAL MGMT
MDAS - MedAssets Inc
TX - TERNIUM S.A.
XRTX - XYRATEX LTD

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.

Market News and Data brought to you by Benzinga APIs

Comments

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga