I would like to congratulate all of my subscribers that profited from my latest biotech pick, MELA !! Shares of MELA Sciences, Inc. (NASDAQ:MELA) surged 55% to $4.93 per share after the company announced that the U.S. Food and Drug Administration (FDA) has issued an Approvable Letter for the MelaFind Pre-Market Approval (PMA) application. Last week I projected an upside coming for the stock after see strong signs of accumulation. MELA was very good to me today ! I took profits ( as i told on twitter ) after holding for a couple of days with a nice gain of about 90% but still on radar. RSI is showing overbought conditions right now. The buzz on MELA was really positive today on the boards and today's action could help land MELA on many trader's radars in the near future. If you are still in it, make sure you have your downside protected. The stock hit a high of $6.20, which is resistance for Tuesday’s move. If the stock can break through resistance, we should see a strong follow through move as there is a high short interest in the stock. Watch the stock closely tomorrow.
( click to enlarge ) Silicon Motion Technology Corp. (NASDAQ:SIMO) broke out today out of a descending channel / mini flag formation on some nice volume. Keep an eye to see if it can breakout above the $13.89 level.
( click to enlarge ) Sycamore Networks, Inc. (NASDAQ:SCMR) looks good here with plenty of room to run to the next resistance at $20.04. ( click to enlarge ) Smart Balance, Inc.(NASDAQ:SMBL) continues to perform well. Nice bounce in the last two days and today it broke and closed above the early July highs on increasing volume. I like this setup !! ( click to enlarge ) THQ Inc. (NASDAQ:THQI) looks about ready to pop here ! The stock has finally recaptured the 10 mda. Closed at the high of the day and I want to see more follow through from this stock tomorrow. 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 :
US Earnings Calendar for Tuesday, September 27
Accenture Public Ltd Co - ACN American Greetings Corp - AM Cano Petroleum Inc - CFW China Technology Development Group Corp - CTDC Comtech Telecommunications Corp - CMTL First Interstate Bancsystem Inc - FIBK Freeseas Inc - FREE Jabil Circuit Inc - JBL Moduslink Global Solutions Inc - MLNK Neogen Corp - NEOG Omnova Solutions Inc - OMN Park Electrochemical Corp - PKE Paychex Inc - PAYX Progress Software Corp - PRGS PSB Holdings Inc (Connecticut) - PSBH Rosetta Genomics Ltd - ROSG Saba Software Inc - SABA Sealy Corp Inc - ZZ Standard Microsystems Corp - SMSC Synnex Corp - SNX Tianyin Pharmaceutical Co Inc - TPI Walgreen Co - WAG Zanett Inc - ZANE
The following list show stocks whose Chaikin's Volatility(10,10) has been increasing over the last 3 sesions BAC - BANK OF AMERICA CORP T - AT&T Inc F - FORD MOTOR COMPANY CSCO - Cisco Systems Inc C - CITIGROUP INC GLD - streetTRACKS Gold S WFC - WELLS FARGO & CO MS - Morgan Stanley Dean MOS - Mosaic Company NWSA - News Corp Ltd pf VZ - Verizon Comm XOM - EXXON MOBIL CORP VALE - Vale S A ADR DELL - Dell Inc CMCSA - Comcast Corporation LOW - LOWES COMPANIES INC BMY - BRISTOL MYERS SQUIB DAL - Delta Airlines ITUB - Itau Unibnco Adr QCOM - QUALCOMM Incorporated AUY - YAMANA GOLD INC GS - GOLDMAN SACHS GROUP AMAT - Applied Materials BBD - BANCO BRADESCO SA ADS SCHW - Charles Schwab Corp DUK - DUKE ENERGY CORP GM - General Motors Corp SLW - Silver Wheaton KGC - KINROSS GOLD CORP RFMD - RF Micro Devices Inc GG - GOLDCORP INC AES - A E S CORP WM - WASTE MANAGEMENT INC TWX - AMERICA ONLINE INC UBS - UBS AG UPS - UPS MPEL - Melco Crown Adr RRC - Range Resources Corp DTV - Directv A OXY - OCCIDENTAL PETROLEU SYMC - Symantec Corporation ATVI - Activision Inc TIBX - TIBCO Software Inc NWS - News Corp Ltd ADR KSS - KOHLS CORP DB - DEUTSCHE BANK AG JCP - PENNEY J C CO INC WFR - MEMC Electronic Mat MAT - Mattel Co GPS - GAP INC SVU - SUPERVALU INC BA - BOEING CO IP - INTERNATIONAL PAPER CO DBC - PS DB COMMODITY IDX KBH - Kaufman and Broad H AMX - America Movil SA MAR - MARRIOTT INTL INC NEW CDNS - CADENCE DESIGN SYS INC YOKU - Youkucom Inc ADR ADBE - Adobe Systems Incor PNM - PUBLIC SVC CO NEW M TXT - TEXTRON INC HCBK - Hudson City Bancorp KOG - KODIAK OIL & GAS CP STLD - Steel Dynamics Inc MWW - Monster Worldwide Inc ING - Ing Groep NV ADR ACOM - Ancestrycom Inc MON - Monsanto Co LMT - LOCKHEED MARTIN CORP CSE - CAPITALSOURCE INC ABB - ABB LTD XLNX - Xilinx Inc SLE - SARA LEE CORP EGO - ELDORADO GOLD CP ONNN - ON Semiconductor Co MFA - Mfa Financial CMCSK - Comcast Corporation RTN - Raytheon Co AMTD - TS Ameritrade Holdi DHI - Horton DR Inc PPL - PPL CORPORATION SE - SPECTRA ENERGY CORP GGP - General Growth Prop PCAR - PACCAR Inc LTD - LIMITED INC CPB - CAMPBELL SOUP CO ADSK - Autodesk Inc ABV - Companhia de Bebidas DF - DEAN FOODS INC EIX - EDISON INTERNATIONA AKAM - Akamai Technologies AMT - AMERICAN TOWER CORP NSC - NORFOLK SOUTHERN CORP TMX - TELEFONOS DE MEXICO MBT - MOBIL TELESYSTEMS RSG - REPUBLIC SERVICES INC VRX - Valeant Pharmaceutical KMB - KIMBERLY CLARK CORP LLTC - Linear Technology C FLEX - Flextronics International GXP - Great Plains Energy DRI - DARDEN RESTAURANTS INC INTU - Intuit Inc ASML - ASM Lithography Hol AMSC - American Superconductor PBI - PITNEY BOWES INC TIN - TEMPLE INLAND INC CCI - Crown Castle International TDW - TIDEWATER INC LULU - lululemon athletical CTRP - CTRIPCOM INTL LTD ADS CL - COLGATE-PALMOLIVE C ESV - Ensco Plc Adr MUR - MURPHY OIL CORP HLD LM - LEGG MASON INC DKS - DICKS SPORTING NOC - NORTHROP GRUMMAN CORP PWR - QUANTA SVCS INC CROX - CROCS INC MTOR - ARVINMERITOR INC ALXN - Alexion Pharmaceutical SPG - SIMON PROPERTY GROUP NEE - Nextera Energy DOV - DOVER CORP BRFS - Brf-Brasil Foods DRH - DIAMONDROCK HOSPITAL NIHD - NII Holdings Inc BWC - THE BABCOCK & WILCO JOYG - Joy Global Inc TWO - TWO HARBORS INVT CP TSS - TOTAL SYSTEM SVCS INC TIF - TIFFANY AND CO RSH - RADIOSHACK CORP FII - FEDERATED INVESTORS SKT - TANGER FCTRY OUTLET EQT - EQT Corporation INFA - Informatica Corp JEF - JEFFERIES GROUP INC RRD - Donnelley (RR) & Sons CSH - CASH AMERICA INTL INC PAAS - Pan American Silver HSY - Hershey Corp CSC - COMPUTER SCIENCES CORP PPG - P P G INDUSTRIES INC RJI - AB Svensk Ekportkredit BVN - COMPANIA MINAS BUEN RGLD - Royal Gold Inc DISCA - Discovery Holdings AVGO - Avago Technologies ANN - Ann Inc AXL - American Axle and M JAG - JAGUAR MINING INC BJ - BJ'S WHOLESALE CLUB INCY - Incyte Genomics Inc FRO - FRONTLINE LTD CVA - Covanta Holding Cp SBAC - SBA Communications PDLI - PDL BioPharma NUAN - Nuance Communications DECK - Deckers Outdoor Cor POM - Potomac Electric Po IBN - Icici Bank Ltd MCHP - Microchip Technolog CMO - CAPSTEAD MORTGAGE CORP TV - GRUPO TELEVISA S A KBR - KBR Inc TSU - Tim Participacs CHL - China Mobile ltd MDTH - MedCath Corporation CTAS - Cintas Corporation ELY - CALLAWAY GOLF CO PHG - Koninklijke Philips JEC - JACOBS ENGR GROUP INC ANH - Anworth Mortgage As CERN - Cerner Corporation AG - First Majestic Silv VMW - VMWARE INC CLASS A PSEC - Prospect Cptl Cp ITT - ITT Corp BGC - General Cable Corp WFM - Whole Foods Market CLX - CLOROX CO APOL - Apollo Group Inc LO - Lorillard Inc CSTR - Coinstar Inc BLL - BALL CORP LPX - LOUISIANA PACIFIC CORP CVD - COVANCE INC CYS - Cys Investments DLTR - Dollar Tree Inc BIG - Big Lots Inc MJN - Mead Johnson Nutrition TRH - TRANSATLANTIC HLDGS WMGI - Wright Medical Group GOLD - RANDGOLD RESOURCES HANS - Hansen Natural Corp SHW - SHERWIN WILLIAMS CO PSS - Collective brands CHRW - CH Robinson World RRR - RSC Holdings Inc EDR - EDUCATION REALTY TR AF - Astoria Financial C NLSN - Nielsen Holdings WTI - W&T OFFSHORE INC EPD - ENTERPRISE PRODUCTS ICE - INTERCONTINENTALEXC TSLA - Tesla Motors Inc NUS - Nu Skin Enterprises EM - Emdeon Inc APL - Atlas Pipeline Part RYN - RAYONIER INC AZK - AURIZON MINES LTD BUD - Anheuser-Busch Inbe DV - DEVRY INC ADS - Alliance Data Syste ZAGG - Zagg Inc Cs HGIC - Harleysville Group RIC - Richmont Mines Inc HTS - Hatteras Financial MENT - Mentor Graphics Corporation NPBC - National Penn Bancs CYH - COMMUNITY HEALTH SY DCM - NTT DoCoMo Inc BG - BUNGE LTD RJF - RAYMOND JAMES FNCL INC NSU - NEVSUN RESOURCES LTD EQIX - Equinix Inc AWC - ASIA PAC WIRE&CABLE FLIR - FLIR Systems Inc ARBA - Ariba Inc CLP - COLONIAL PPTY TRUST AEA - ADVANCE AMER CSH AD VHC - PASW Inc ALB - ALBEMARLE CORP CRL - CHARLES RIVER LABOR CHMT - Chemtura Corp APAC - APAC Customer Service SON - SONOCO PRODUCTS CO WOOF - VCA Antech Inc PCYC - Pharmacyclics SJM - Smucker JM Co CNL - CLECO CORP LII - Lennox Internationational CXW - Corrections Corporation PWRD - Perfect World Co Ltd PAA - PLAINS ALL AMERICAN MLHR - Herman Miller Inc MKC - MCCORMICK & CO INC ASNA - Ascena Retail Group RSO - RESOURCE CAPITAL CORP USG - U S G CORP WCG - WELLCARE HEALTH BEBE - bebe stores inc NAK - NORTHERN DYNASTY MI BLC - Belo Corp ROP - ROPER INDUSTRIES INC DOX - AMDOCS LTD RGS - RGS ENERGY GROUP INC WRB - WR Berkley Corp WCN - Waste Connections Inc CZZ - Cosan Limited Cl A BKS - BARNES & NOBLE INC STWD - Starwood Property T LLL - L Comm AAP - ADVANCE AUTO PARTS INC LHO - LASALLE HOTEL PROPE UIL - UIL HOLDING CORP DTG - DOLLAR THRIFTY AUTO KFN - KKR Financial Hldg HSNI - HSN Inc GIM - TEMPLETON GLOBAL IN RTI - R T I INTERNATIONAL NPSP - NPS Pharmaceuticals EZPW - EZCORP Inc VRA - Vera Bradley Inc CACI - CACI INTL INC COT - COTT CORP RCII - Rent-A-Center Inc FMC - F M C CORP EBIX - Ebix Inc FRT - FEDERAL REALTY INVT TR SGI - Silicon Graphics In GGC - GEORGIA GULF CORP DXCM - DEXCOM ACGL - Arch Capital Group Ltd THM - Intl Tower Hill ACG - ALLIANCBERNST FUND MNRO - Monro Muffler Brake RKT - ROCK TENN CO WRE - WASHINGTON R E I T TTEK - Tetra Tech Inc ELGX - Endologix Inc CYB - WisdomTree Dreyfus NDN - CENTS ONLY STORES AB - ALLIANCE CAPITAL MGMT GORO - GOLD RESOURCE CORP HNR - Harvest Natural Resources MDC - MDC HOLDINGS INC GDP - GOODRICH PETE CORP NEW NRGY - INERGY LP IL - Intralinks Holdings PLCE - The Children's Place SHAW - SHAW GROUP INC EXP - Eagle Materials DNKN - Dunkin Brd Grp ACXM - Acxiom Corporation VIVO - Meridian Diagnostic CM - CANADIAN IMPERIAL B THO - THOR INDUSTRIES INC EPL - Energy Partners Ltd PODD - Insulet Corp PNRA - Panera Bread Company THS - TREEHOUSE FOODS INC SLH - Solera Holdings Inc AGRO - Adecoagro Sa CRI - CARTERS 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. As always, good luck ! AC