( click to enlarge ) Akorn, Inc. (AKRX) tried to breakout today again after yesterday's breakout but failed to close near the highs. The stock pulled back during the day, however still closed higher than the high of the previous session, which is bullish to me. Lets see how this trades tomorrow. ( click to enlarge ) Bought Pharmacyclics, Inc. (PCYC) on Monday after a nice breakout. Today's action followed through nicely as this stock was up 4.5%. The technical chart show a continuation of the uptrend with MACD and RSI in the Bullish areas. However, both stochastic and the RSI indicator is reaching the top end which indicates that the stock may be reaching overbought condition soon. For the long term the stock should still continue to go up. Resistance: $32.94 Support : $27.42 ( click to enlarge ) Rosetta Genomics Ltd. (USA) (ROSG) continues to perform strongly and appears poised to test the 200-day moving average line at $8.26. ( click to enlarge ) Wal-Mart Stores, Inc. (WMT) continued higher today up over 1% as there was good follow through from the breakout yesterday. ( click to enlarge ) Celgene Corporation (CELG) bounced nicely off the 200 day MA. If it can clear the recent high of $71.75, I think it can get to the 50 day MA at $75 ( click to enlarge ) FirstEnergy Corp. (FE) was setting up nicely in this small consolidation pattern and I was expecting a breakout soon, however it seems as though it wants to continue consolidating. Looking at the technical chart the 20-day MA is moving up and hopefully this can provide some support in the next few days. I still like the stock here if it can hold that MA. During the day I tweet many times to my readers. I encourage everybody to subscribe AC Investor Blog twitter and newsletter, so you can receive my trade ideas and stock news in real time.
updated May 22, 2012
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