( click to enlarge ) Rare Element Res Ltd (AMEX:REE) looks strong enough to move forward. As expected, the stock broke up through the resistance at $13.85 on huge volume of over 1.202 Million shares. At this stage, further rally is still possible in next several days. The breakout signals a continuation of the prior advance. Bulls have the near-term technical advantage and gained fresh upside momentum today. Next resistance levels to watch are $15.95 and $17.92. The stock has the potential for a strong follow through, so watch it closely on Friday.
( click to enlarge ) It is clear that Ford Motor Company (NYSE:F) wants to move higher again, but too much caution right now. The stock reacted to the $16 mark over the last two trading sessions and has suffered a small correction as shown in the chart above. Back above $16 would revive the bullish case and open the way for further gains towards $16.55 in the first instance. Short term support for the stock is in the $15.23 to $15 region. While the stock price is correcting there are no clear signs of a top forming in the daily charts as of yet. Indicators are favoring longs with both positive momentum indicator and positive MACD above the zero line. A move above $16.51 would mark a medium-term breakout. Long-term investors can hold Ford with a stop at $14.40. ( click to enlarge ) Elan Corporation, plc (NYSE:ELN) continues to move higher and it still looks strong on its daily chart. I raised resistance to $8.26, which was the high of April 2010. Technically, the stock has broken all medium term resistances and appears strong. ELN is now on the overbought level, so this means a possible correction is near. This may give us a chance to jump in on the stock when it moves lower. ELN is a stock to keep an eye on for awhile. 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
LGTT - LIGATT Security International, Inc. XNPT - XENOPORT ELTP - Elite Pharmaceutica BLOAQ - Blockbuster Inc SINX - Sionix Corp ATWT - ATWEC Technologies, Inc. MDFI - Medefile International, Inc. STHG - Stratton Holdings Inc. AVL - Avalon Rare Metals Inc. EXPR - Express Inc BBBY - Bed Bath & Beyond Inc. PIR - Pier 1 Imports Inc ELN - ELAN CORP P L C AMSC - American Superconductor RT - RUBY TUESDAY INC GA ISIL - Intersil Holding Co PSRU - PureSpectrum, Inc. SDVI - Signature Devices, Inc. MDRX - Allscript Health CZZ - Cosan Limited Cl A IL - Intralinks Holdings CCAA - Cala Corporation HRZ - HORIZON LINES INC XOMA - XOMA Ltd. IMGN - ImmunoGen, Inc. OCZ - OCZ Technology Group PUDA - Puda Coal Inc CXZ - Cross Exp Mining MSGI - MSGI Security BEAV - BE Aerospace, Inc. INHX - Inhibitex EEGC - Empire Energy Corp ORCH - Orchid Cellmark Inc ALIF - Artificial Life Inc. LJPC - La Jolla Pharma
New 52-week high stocks
MCP - Molycorp Inc EXPR - Express Inc BBBY - Bed Bath & Beyond Inc. PIR - Pier 1 Imports Inc ELN - ELAN CORP P L C LTD - LIMITED INC ERIC - LM Ericsson Telepho HUN - HUNTSMAN CORPORATION MPEL - Melco Crown Adr COST - Costco Wholesale Co UNH - UNITEDHEALTH GROUP INC IMGN - ImmunoGen, Inc. BHP - BHP Billiton Ltd ANF - ABERCROMBIE & FITCH CO IR - INGERSOLL RAND CO EXK - ENDEAVOUR SILVER OCZ - OCZ Technology Group TJX - TJX COMPANIES INC ERTS - Electronic Arts Inc. CDNS - CADENCE DESIGN SYS INC MCO - Moody's Corp RPM - R P M INC AON - AON CORP HMY - HARMONY GOLD MINING CPN - Calpine Corp SMOD - SMART MODULAR TEC FL - Foot Locker Inc WSM - WILLIAMS SONOMA INC CNO - Cno Fnancial Grp COO - COOPER COS INC NEW UTX - UNITED TECHNOLOGIES BKE - Buckle Inc UNM - UNUM GROUP PDS - Precision Drilling ADP - Automatic Data Process LPSN - LivePerson, Inc. PGH - Pengrowth Energy ENDP - Endo Pharmaceutical TMX - TELEFONOS DE MEXICO MRX - MEDICIS PHARM CORP CBST - Cubist Pharmaceutical MWV - MEADWESTVACO CORP SCI - SERVICE CORPORATION HANS - Hansen Natural Corp FNB - F.N.B. Corporation PDC - Pioneer Drilling Co FMCN - Focus Media Hldg NTES - Netease.com, Inc. ISRG - Intuitive Surgical OLN - OLIN CORP MAKO - MAKO SURGICAL CORP CAR - Avis Budget Group Inc ARW - ARROW ELECTRONICS INC VRUS - Pharmasset Inc MASI - Masimo Corp JAZZ - Jazz Pharmaceutical CHKP - Check Point Software MTZ - MASTEC INC GNC - Gnc Holdings ASNA - Ascena Retail Group LSTR - Landstar System, Inc. PRXL - PAREXEL International FINL - Finish Line, Inc. VAL - VALSPAR CORP DHX - Dice Holdings Inc DXCM - DEXCOM WCG - WELLCARE HEALTH RE - Everest Re Group Ltd RVI - VALUE CITY DEPT STORES RCII - Rent-A-Center Inc.
Earnings Announcements for Friday
AspenBio Pharma Inc - APPY Blyth Inc - BTH China Education Alliance Inc - CEU Community Central Bank Corp - CCBD Gencorp Inc - GY Metalink Ltd - MTLK PriceSmart Inc - PSMT Reachlocal Inc - RLOC Seven Arts Pictures PLC - SAPX Westwood One Inc - WWON
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