Today's stock on the spotlight is THQ Inc. (Public, NASDAQ:THQI). The stock today surged nearly 9% or 34 cents to $4.14 per share after the video game maker was more upbeat than analysts expected at a Goldman Sachs investor's conference. The CEO Brian Farrell touted the company's up-coming game releases such as "Homefront" and "Red Faction: Armageddon" and said most of the company's development efforts will be focused on the Xbox 360 and PlayStation 3 for the next couple of years. Some top executives have been acquiring shares for the past few weeks showing the management is bullish of the company's outlook. Institution has also added shares also indicating plus sign for the company. On the technical side, MACD and stochastics all point to upward trend while RSI is also rising but hasn't yet reached overbought level. The stock broke through its 50-day moving average and should continue to move. THQI has a lot of upside potential, so watch it closely on Thursday. ( click to enlarge )
Bed Bath & Beyond Inc. (NASDAQ:BBBY) is trading up after hours, after releasing better then expected earnings. I believe the stock will gap up on Thursday and I'll be watching for a potential trade. BBBY has been trading near the major resistance and the good earnings should help break the stock to the upside. Stay tuned ..... ( click to enlarge )
Generex Biotechnology Corporation (NASDAQ:GNBT) has entered into a consolidation phase after rising very fast in the past few days. The bias remains bullish in nearest term. Immediate resistance remains at $.5598. Break above that level could trigger further bullish momentum towards $.60 area. Initial support remains at $.48 ( 200-day moving average ). I expect positive trend in the stock to continue with immediate target placed at $.60.
Other stocks to watch :
Cell Therapeutics, Inc. (NASDAQ:CTIC) - The stock continues to hold $.38 but trade in a narrow range.I plan to buy the stock on a close over the 50 day moving average ( currently located at $.39 )
Apple Inc. (NASDAQ:AAPL) - Another trading day, another 52 week high for AAPL. I like the stock as long as it can remain over $279.01.
Somaxon Pharmaceuticals, Inc. (NASDAQ:SOMX) had a pull-back today, but the rally might still have legs. I like the stock as long as it remains above $3.83. The following list show stocks whose OBV has been increasing over the last week
T - AT&T Inc VZ - Verizon Comm SYY - SYSCO CORP INTU - Intuit Inc. IBM - INTERNATIONAL BUSINESS BX - Blackstone Group LP HON - HONEYWELL INTERNATIONAL PTV - PACTIV CORPORATION APC - ANADARKO PETROLEUM NOVL - Novell, Inc. CL - COLGATE-PALMOLIVE C COH - Coach Inc CTL - Centurylink Inc DAN - Dana Corp LMT - LOCKHEED MARTIN CORP LIZ - LIZ CLAIBORNE INC ICO - INTERNATIONAL COAL A - Agilent Technologies NVLS - Novellus Systems, Inc. PDE - PRIDE INTL INC RSG - REPUBLIC SERVICES INC WM - WASTE MANAGEMENT INC SQNM - Sequenom, Inc. IMAX - Imax Corporation CBE - Cooper Inds Plc SNY - SANOFI-AVENTIS ADS SAP - Sap Ag MIPS - MIPS Technologies HEW - Hewitt Associates Inc CRL - CHARLES RIVER LABOR SDRL - SEADRILL LTD ECL - ECOLAB INC SPN - SUPERIOR ENERGY SVC QUIK - QuickLogic Corporation BJ - BJ'S WHOLESALE CLUB THRX - THERAVANCE INC LNCR - Lincare Holdings Inc. JKS - JINKOSOLAR HOLDINGS ELNK - EarthLink, Inc. DTK - Deutsche Bk ROP - ROPER INDUSTRIES INC TRE - TANZANIAN RY EXP TRMB - Trimble Navigation MSCC - Microsemi Corporation EXAS - Exact Sciences LSTZA - Liberty Media Corp POL - PolyOne Corp ALV - AUTOLIV INC LALBF - LYONDELLBASELL CL B SYNA - Synaptics Incorporated BMRN - BioMarin Pharmaceutical BCE - B C E INC MRH - Montpelier Re Holdings ONCY - Oncolytics Biotech PSYS - Psychiatric Solutions VPRT - Vistaprint Nv VSEA - Varian Semiconductor MOD - Modine Manufacturing LCAPA - LIBERTY MED CP A TSYS - TeleCommunication S WAT - WATERS CORP KOPN - Kopin Corporation TITN - Titan Machinery Inc SJM - Smucker JM Co ICON - Candie's, Inc.
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.